Word: boom
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Dates: during 1940-1949
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...unprecedented boom grew beanstalk-fast from a 3,022-ft.-deep borehole in a cornfield near the dusty little village of Odendaalsrus, southwest of Johannesburg on the Free State's sandy veld. A Canadian engineer, G. W. Hicks, employed by Diamond Tycoon Sir Ernest Oppenheimer's Western Holdings and Blinkpoort companies, brought up the diamond-drilled ore core. It assayed 62.6 oz. of gold to the ton-33 times as rich as the phenomenally prosperous Blyvooruitzicht mine, 120 times better than Canada's best...
...Western Holdings shares jumped from 72 to 105 shillings and Blinkpoort from 32 to 80, one thing seemed sure-the strike would produce no influx of motley adventurers, only a brief land boom for Free State farmers. Established companies hold mineral rights or options on almost all of the fertile grainlands, and there are few surface outcrops. If, as some Canadian and London experts warned that it might, the single borehole assay proved a fluke, thousands of speculators and small investors might see millions in paper profits disappear as fast as a summer shower on the parched Orange Free State...
...more tinkering than that of war. Built of odds & ends of free enterprise and New Dealism, held together with charity and hope, the weird and wonderful machine wobbled on. Washington's economic handymen worked their heads off, hoping that the whole contraption could be saved from an inflation boom & bust...
...foreclosed at the rate of 1,000 a day, HOLC made more than 1,000,000 loans, totaling some $3,500,000,000. In the next three years (its lending period) it refinanced one-fifth of the nonfarm, owner-occupied, mortgaged homes in the nation. Thanks to the war boom, more than three fourths of the loans have now been paid off. By the end of 1945, only 483,000 borrowers were still on the books, while another 348,000 borrowers had paid their loans in full without waiting for them to mature. HOLC had foreclosed on less than...
...present theater boom is as much a result of the war as a release from it. War and occupation created a new theater public: people desperately needing escape were chained to Paris but cheated of the U.S. movies they had doted on. But their war experiences bred in them more serious tastes, which accounts for such recent highbrow hits as Existentialist Jean-Paul Sartre's Huis Clos, Near-Existentialist Albert Camus' Caligula (headed for Broadway), T. S. Eliot's Murder in the Cathedral...