Word: boom
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Dates: during 1940-1949
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...boom & bust, people had not worried about inflation. Their concern then had been their personal high cost of living; inflation was a vaguely understood thing that happened in Europe and had to do with printing-press money. Now it seemed that most Americans were worried more about the inflationary aspects of price rises than they were about the immediate high cost of living. They would wait & see how high prices might...
...started by crossbreeding corn (using methods developed by earlier U.S. botanists) and launched a hybrid corn boom which has added an estimated 30% to the U.S. maize yield. By suppressing undesirable recessive characteristics in the crossed plants, hybridization produces hardier, more vigorous offspring. Crossbreeding has been extended to other plants, poultry, hogs, steers. Last week spectacular results were reported from another Wallace-sponsored experiment. Subject: cows. Object: more milk...
...During most of this period prices were boosted by the popular illusion that there was a great scarcity of goods, helped along by hoarding of inventories by businessmen. As now, the illusion of shortages was far greater than the real shortages. When the illusion collapsed, so did the boom...
...long will the postwar boom last? The rosy estimates of three to five years have been based on one solid economic fact. During the war, U.S. consumers piled up $90 billion in savings, now hold $130 billion. This huge hoard, according to the economic witch-doctors, would be poured out-to fuel the boom. But last week, in a gloomy and significant report, the conservative U.S. Bureau of Agricultural Economics said...
...survey able to find out how much cash was tucked under mattresses and other favored "banks" of low income groups. Nevertheless, the survey might well cause businessmen to revise drastically their estimates of the size of the market, the length of the boom. If BAE was right, and the bulk of the cash was held by a comparative few, then the boom might run out of gas earlier than most economists anticipated...