Word: boom
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Dates: during 1940-1949
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...would have to be taken in taxes from the families or relatives of ex-servicemen. Veteran groups, anxious to serve the nation as well as themselves, have decided that their efforts can be most advantageously directed toward securing a sufficiency of low cost housing or suppressing the current inflationary boom. These too have been the aims of able and sincere politicians who have refused to court the veteran vote by yielding to selfish, shortsighted demands...
...efforts of the unions in their recent wage campaigns. The press has attempted to arouse sympathy for the strike-beset businessman. The lack of such conspicuous items as automobiles (caused by other frictions of reconversion as well as by collective bargaining breakdowns) has obscured the realities of the boom. First-quarter reports on corporate profits, compiled by the Department of Commerce, revealed that in some industries, as the Department's "Survey of Current Business" (June, 1946) put it, "production and sales broke all previous records and, with the elimination of the excess profits tax and some reduction in other corporate...
...government economists were not the only prophets of boom. "Outlook," a Wall Street investment weekly, declares jubilantly: "Profits in prospect for industrial corporations generally over the next few years are likely to make 1929 and 1937 look small by comparison." While the big days of 1929 are being made to look small by today's high-profit businessmen, while rising prices increase profit margins and the swollen net profits of wartime are surpassed in the rush to "get yours," who will be thinking of that day several years from now when the seemingly inexhaustible consumer demand created by wartime shortages...
...were based on rosy hopes for big 1946 profits; last week's stock prices were based on the realization that many 1946 profits would be quite modest. The market drop was far sharper than after World War I (see chart] because the shock of disillusionment in the "postwar boom" was greater. Biggest shocker: the Pennsylvania Railroad would lose money this year for the first time in its loo-year history, unless it got a 25% freight increase (estimated loss: $14,616,000 after carryback tax credit...
...boom is still on. Since the first of the year, 1,200 new industrial firms have been formed in the province. In Montreal alone, where new capital is estimated at $60 million, there are 60 new industries, almost as many new plants. Verdun has 37 new plants within its city limits; once-sleepy towns like St. Tite have doubled in population. Quebec's burgeoning industries today embrace paper, textiles, chemicals, shipbuilding, breweries, tobacco. And Quebeckers are ready to supply the technical skills to run the new industries. In preparation for the new day, the province has steadily increased...