Word: boom
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Dates: during 1940-1949
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There were few catastrophes, chiefly because the drop in gross income after V-J day was often balanced by the drop in taxes. And many a company, notably those selling consumer goods, was still coasting along on the momentum of the war boom. But if earnings reports were reasonably cheery, they were also often deceptive...
...talk. They had the fattest backlog of civilian orders in their lives. The military cutbacks, which were a curse to most of the industry Goliaths, were a blessing to its Davids. Eagerly they had cleared their plants of war work. Now reconverted, they were taking off on the biggest boom ever...
...Premature removal of all wartime restrictions . . . could start an inflationary price boom beyond the power of added production to check...
...Arguments as to whether industry can afford this or that increase . . . obscure principles. The main principle . . . is that wage increases should not be granted which will raise prices [and] start an inflationary boom. . . . This leaves the way open for increases justified by harder, more efficient . . . work and by higher productivity...
...biggest profits came from the boom in the sale of money orders and travelers' checks sold to essential travel ers, and to servicemen and their families. This year all classes of business done by the American Express Co. may reach $1 billion...