Word: boom
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Dates: during 1940-1949
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...centuries ago the vermilion hills north of Rio were black with men digging for gold. At the height of the California-size boom, the rich towns of Minas Geraes built resplendent churches, lavished fortunes on their adornment...
...beside the altar. Some paused to honor the old tradition of "measuring" the figure with a piece of white binding tape that would later hang in their huts as a souvenir. Then they went back to the dusty hill towns that had seen nothing new since the gold boom had passed and Aleijadinho, his chisel lashed to the stump of a rotting arm, had hewn his greatest monument...
...Republicans . . . voted themselves a cut in taxes and voted you a cut in freedom. The 80th Republican Congress failed to crack down on prices. But it cracked down on labor all right." He said there was "an exceedingly real possibility" of a boom-and-bust cycle if the Republicans came into power; "you can already see signs of it. The boom is on for them and the bust has begun...
Showdown. None of the previous credit tightening had had much effect. For example, when Congress dropped some of the easy credit for housing last spring, builders gloomed that it would take the steam out of the housing boom. They were wrong. Last week, the Department of Commerce reported that new construction had hit an alltime high of nearly $1.8 billion in August, 31% higher than a year...
Though businessmen talked of supply catching up to demand in many a line, there were only a few faint signs that the boom was slowing down. In July, reported the Department of Commerce, individual income had fallen by $100 million from the June peak of $17.7 billion. Thanks to the drop in farm prices, commodity prices had also fallen steadily for three weeks, but were still only 1.1% below their peak last month...