Word: boom
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Dates: during 1940-1949
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...Ralph Smith Farms of Chillicothe, Mo. bought an Aberdeen-Angus bull for a record $40,000 last March, the American Hereford Association had hoped for high-priced bidding on Herefords at Denver. But few would have bet that such a fabulous price could be topped, even in a boom year...
...show at the newly reopened Fine Arts Theatre can be labelled propaganda, so can much of the output of American studios. While the Artkino releases boom the Soviet way of life and the Russian character, Hollywood extols its conception of the average American community. Hollywood's presentation is more polished, but the Russian films have an elemental directness that American moviemakers can rarely capture...
Inflation Ahead? This time the reason for the boom was plain: "Everybody has too much money." Everybody was also trying to hedge against inflation. A few weeks ago, traders were willing to bet that the line against inflation could be held. But last week, eyeing the boost in steel prices and textile wages-and the threatened cutbacks in civilian production-they sank their cash in common stocks and, in effect, bet that they would keep rising along with any general rise in prices...
Trouble Ahead? There was no doubt that much of the buying was by amateurs. The blue chips, doted on by professionals, moved up sedately, while the cats & dogs (cheap stocks) frolicked, pets of the public. Actually, the secondary boom in cheap stocks, which began last July (see cut), as yet caused little worry. Most of the buying was for cash and investment, at least, until there were new cars, refrigerators, etc. to buy. But it was a barometer of trouble to come. The public, which was now coming into the market rapidly, would leave just as rapidly...
Struggle for Survival. Those problems are staggering. Veterans Administrator Frank T. Hines told the convention that some 1,160,000 servicemen plan to go to college as soon as they are discharged. But the bulk of prospective veteran students are also best suited for military occupation overseas. The college boom will therefore be postponed 18 months beyond the end of the war. Meantime conscription would delay by a year the college entrance of able-bodied 18-year-olds. Already financially hard-pressed by depleted civilian enrollment and the gradual ending of military training contracts, many small U.S. colleges will...