Word: boom
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Dates: during 1940-1949
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Competition Counts. So far this year, average daily attendance has been about 8.000 a game, a third higher than last year. The boom could probably be accounted for by the fact that in baseball close competition draws better than brilliant play. Talent had never been so weak and unpredictable, but neither had it ever been so evenly distributed...
...Harvard Economics Professor Sumner Slichter boldly prophesied a postwar boom that would probably overtax U.S. productive capacity...
Detroit's dream-the biggest peacetime boom in all industrial history-was closer than ever to realization last week. Reporting on interviews with key automotive executives, FORTUNE said that even many of the most realistic automen expect 4,500,000 cars to be built in the first full year of postwar production, possibly 6,000,000 a year thereafter (previous top: 4,794,000 in 1929). Reason: the 5,000 U.S. cars arriving daily at "graveyards" will leave 6,500,000 onetime car owners earless a year hence, 8,000,000 others driving "junkers" (cars over 7½ years...
Said the Washington Post: "One of the many forms of tax avoidance encouraged by high wartime taxes is the establishment of private pension funds for highly paid executives." But top-bracket executives were not the only ones to benefit. U.S. industry is enjoying a boom in pension plans. Plans have flowered in one war-rich corporation after another, providing financial cushions for the old age of $30-a-week janitors, as well as $2,500-a-week movie stars...
...pension boom was directly related to the sky-high U.S. taxes. It began at the time the first whopping wartime tax bill was passed, in 1942. Up until then, pension plans were relatively rare; in the entire U.S. there were only 400. In the last two years pension plans have spread at the rate of over 200 a month, and in most of them, the corporations foot the bill...