Word: boom
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Dates: during 1940-1949
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...this cramped hot-house every political mistake that could be made was made. Nevertheless, somehow, the boom grew: it could be seen growing...
...farmers received Franklin Roosevelt's assurance that there would be no dumping in the U. S.; nervous Canadians, his word that they would not be excluded. Others asked, What about Argentina's plan: To organize South American economy for South Americans, in preparation for the post-war boom which many Buenos Aires businessmen expected? Would Latin American surpluses inevitably lead to the establishment of national quotas, which would lead to Latin American AAAs? Would the U. S., by withholding America's pooled commodities from belligerents, turn the plan into a Pan-American embargo...
...consumption needs or ought to be curtailed for a long time. They point out, for example, that the types of finished steel and the machinery used in auto-and-refrigerator-making is different from that used in making arms. What is needed first, they say, is a plant-construction boom in new munitions capacity, to be added to (not to replace) present commercially oriented capacity in durable goods. Such economists fear that to finance gun production by cutting butter consumption will merely redistribute, not absorb, the present horde of unemployed (around 10,000,000 in March). The Treasury would then...
...Mild, as war-profits taxes go, La Follette 's was nevertheless inequitable. Reason: corporations that have recently earned a high rate of return would be penalized in comparison with those that have been running at or near a deficit. For the latter (railroads, etc.) could ride the boom a long time (with a leverage quotient seductive to investors) before reaching the onerous tax brackets. The more efficient a corporation has been, the more its capital consists of brains instead of brick - in short, the more successful a corporation has been in terms of its normal rate of return...
...corporations - as in 1918). The munitions-makers (aircraft and shipbuilders are already subject to a 10 or 12% profit limitation) may be treated more severely than the rest. On ordinary excess profits, the experts were looking for a formula to give corporations an incentive for ploughing their boom profits into new plant, thus multiplying defense production...