Word: boom
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Dates: during 1940-1949
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...Boom. In Albany, Governor Dewey upped the New York State allowance for maintenance of tramps in jail from...
Most proprietors and bartenders thought business would boom until Toronto had satisfied its curiosity, then would dip. Some Canada-reared drinkers seemed to think so too. After sampling the Circus Bar's atmosphere and a few of its drinks, one unimpressed Torontonian walked out muttering: "Give me a beer any time...
While they were hedging, many businessmen were uncomfortably aware that a turning point in the boom had already been reached. Easter shopping had been far smaller than expected. Though price rises kept dollar volume 10% higher than last year, unit sales were actually lower. Many a retailer, scared by his high inventories, was canceling orders. But the real bellwether was "soft goods" (textile) production. Most businessmen had kept their eyes on it, figuring that a drop in production there would be the first sign of a recession. Last week the drop came (see below...
Faced with an economic situation showing an increasing tendency to mature into the boom-bust cycle that has always threatened American business, the persons most in touch with events, the business community, have shown little indication that they are willing to deal with the problem in a manner inclined to insure confidence in the future prosperty of the nation. Although a few concerns--Ford, International Harvester, Chrysler to name some--have cut their prices, most have refused to talk about any slashes in their goods until wage negotiations have been completed, and they have swallowed the union's annual...
With the signs that the boom is increasingly in danger of bursting, any increases in the price of goods would backfire in the not-too-distant future. Consumers are finding it difficult to absorb current production, and the retailers are finding it hard to sell their goods. An R. H. Macy advertisement appealing to manufacturers to cut their prices is the direct result of a bad Easter season. Combined with a presidential request for lower costs, and a warning from their own N.A.M. that they are charging too much, business men have been well warned of future dangers. For concrete...