Word: boom
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Dates: during 1950-1959
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...boom roared on. The Departments of Commerce and Labor reported last week that during the months of July and August...
Trouble in North Africa costs the French treasury close to 800 million francs ($2,300,000) per day. Like Indo-China before, it has placed a strain on France's inflated economy. Six months ago, France was enjoying something of a boom, and producing more cars, steel and textiles than ever before in its history. Production is going up, but last week, on their return from the beaches, French workers were out on strike in 17 provincial towns. Their demand was for higher wages to match higher prices...
...prevent the German boom from faltering, Economics Minister Ludwig Erhard proposed to 1) import foreign labor, probably from Italy, 2) reduce import restrictions, thereby permitting cheaper foreign goods to compete with German products, forcing prices down. Such remedies met strong resistance from the Socialists and trade unions...
British Inflation. In Britain, too the bloom was off the boom. British production is higher than it has ever been, but British wages are higher still. The result is a classic case of inflation: too many pounds are chasing too few goods. There was also chronic overemployment. There are 480,000 jobs going begging in British factories.. In such a situation, left-wing and Red-run unions have pressed reckless demands for more pay, threatening still further inflation...
SINCLAIR LEWIS, that old village atheist, ironically professed to see American skyscrapers as cathedrals; the commercial towers of Babbitt's home town "aspired above the morning mists." In the booming cities of the '50s, it is not only skyscrapers that are rising from the ground. The U.S. is witnessing the greatest church-building boom in its history...