Word: boom
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Dates: during 1940-1949
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Rare is the business boom that justifies its advance publicity. In 1937 most U. S. businessmen planned for a big recovery. It turned out to be an inventory boom. Late in 1938, early in 1939, many a businessman was persuaded into a state of mild optimism which turned out to be not mild enough. Late in 1939, World War II set off another boomlet which failed to survive the winter. By early 1940, the dominant mood of businessmen was that business was just fair and would probably not get much better. Certainly they would not get much richer...
...last week few indeed were the businessmen who expected to get much richer. But many a twice & thrice disappointed optimist was pinching himself. What he thought he saw was a pretty substantial production boom already well under...
...material of war is steel; and the U. S., with some 81,000,000 ingots a year, has about half the world's steelmaking capacity. No foreseeable peacetime boom is likely to strain it. But for purposes of war, U. S. steel capacity is mostly of the wrong kind. Of its enormous furnace power, 90% is open-hearth, for run-of-the-mill steel. Only 2% is in electric furnaces, which are hotter, can be more precisely controlled, turn out steel ingots of the finest grade. Many an aircraft part, the guts of internal combustion engines, light armor plate...
...well in the '30s was a new market: the consumer market for electric refrigerators, irons, and other domestic appliances. Hand in hand with the sale of mass-production appliances went an increase in utility sales to residential customers-up 109% in kilowatts from 1929 to 1939. This major boom did not suffice to enrich the utility industry, which had too many other troubles. But it did enrich...
...backlog of $19,000,000, Kahn would be close to his all-time high. He expects to double that by November. As he had been in the twenties (his office does 10% of all U. S. private industrial construction), Albert Kahn was once again becoming a "one-man building boom...