Word: boom
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Dates: during 1940-1949
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...real effect on U. S. business to become visible. But the first impulse of many a U. S. businessman was to get liquid and cancel his commitments. A selling panic hit the stock and commodity markets. But Hitler's victories also started a U. S. National Defense boom towards the blueprint stage...
business. World War II has inflated the word's meaning, made it sound like a symbol of the next boom. Last week, Department of Commerce figures...
...Francisco Bay. Youngest, most profitable of the Big 3, it has grossed over $1,000,000,000, netted more than $100,000,000 in its 23-year corporate life. On or nearing its 23 ways last week was the fattest slice of 1940's shipbuilding boom: 60 merchant and naval vessels worth a cool...
...rugged, white-haired, modest John Farrell Metten, dean of U. S. naval designing engineers, New York Ship.'s big cut of the shipbuilding boom was most welcome. In 1935, after he became president, his firm lost an uncomfortable $1,415,373 on its 1933-34 contracts. Last year it earned $928,264. With luck, 1940 might set a record. From a Delaware farm, Jack Metten went to work repairing ships at Newport News when...
Exports were way up: 51% ahead of the first quarter of 1939. But they were not up enough to lead the U. S. economy into a boom. Instead of booming, business activity (as measured by the Federal Reserve Board production index) backed & filled at the pre-war level, between 100 and 105% of the 1923-25 average. In certain industries, the war export market caused peak production, a real strain on capacity. But by & large, these were the industries that needed the stimulus least...