Word: boom
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Dates: during 1940-1949
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...nation still did not know the names of the big speculators in commodities (see NATIONAL AFFAIRS). But last week Commodity Exchange Authority Administrator J. M. Mehl told the why and the how-much of the boom on the commodity exchanges. Said Mehl: high margins on the stock exchanges (75%) had "curbed" speculation there. The money had "sought an outlet" in commodities where some margins have been...
...Word from the West Coast. Inevitably, the islands' growth and boom brought labor troubles. There had been occasional strikes of workers before the war, but none had been very effective. Compared with conditions in many a U.S. mining town, living conditions were good; the benevolently paternal Big' Five provided free housing and free medical service, the climate was salubrious. Then came Harry Bridges, the crow-beaked, fellow-traveling boss of the West Coast longshoremen, bearing another kind of gospel to Hawaii...
...reason for the cautious steps was plain. Despite the hullabaloo over inflation, many a businessman knew that the threat of a recession is very real. No one wanted to swing the club on credit and risk killing the boom...
...this did not mean that the great U.S. buying boom had collapsed or even slackened. Actually, the nation was in the throes of the greatest dollar-volume buying spree in history. In Manhattan one day last week, Macy's sold $1,400,000 worth of merchandise-an alltime record- and smugly decided to quit publicizing million-dollar days. Department stores in almost every other big city in the nation had record sales days...
...until 1850, three centuries after the Amazon's discovery by a Spaniard, that white men sailed up it to exploit and trade in this jungle area that is twice as vast as the Mississippi basin. Few stayed. Twice the Amazon has been tapped-by the rubber boom at the turn of the century and the mad rubber hunt during World War II. The first left a high-domed opera house at Manáos and the 226-mile single-track Madeira-Mamoré Railway. The World War II boom established some of the beginnings of modern sanitation and medicine...