Word: boom
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Dates: during 1950-1959
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...amazing 70.1% ahead of a year ago. Ford announced that first-quarter sales of its dealers totaled 1,017,773 cars and trucks, both new and used, an alltime high and 21% above the same quarter last year. The previously hard-pressed independents joined in the first-quarter boom. Both Studebaker-Packard and Nash-Hudson turned out almost twice as many cars (70,000 and 55,000 respectively) as they did during the first three months...
Almost every place businessmen looked, there were signs that the boom was still rolling, and there was little doubt that 1955's first three months had smashed all records for first-quarter-activity. Some of the signs...
...midst of the growing economic boom stands a lonely exception: the U.S. farmer. Farm income has been declining since the peak of February 1951; it dropped nearly 20% in the past four years, 10% in 1954 alone. Farm operating costs, however, remain at near-peak levels. At mid-March farm parity (the ratio between the prices that the farmer receives and those he pays out) dipped to 86, the lowest point since 1940 and 14% below the theoretical "fair" level...
...farmer really the forgotten man of the boom? Actually, he is doing better than figures of the past few years indicate. Since 1939, farmers' incomes have risen more sharply than nonfarmers' (276% against 189%). The purchasing power of individual farmers has also been disproportionately higher; it is up 70% since 1939, compared with a 50% hike for non-farmers. Moreover, the trend from farm to city cut the number of farmers by 3.5% last year. Thus, per capita farm income last year rose slightly (from $914 in '53 to $918). At the same time per capita nonfarm...
...also tightening up on loans. In January FHA insured $931 million worth of new home construction, nearly double the amount of a year ago. But in the past few weeks, FHA has started to dampen the boom. In Dallas last week, FHA announced that it would make no further firm commitments on purely speculative housing, i.e., with no buyer signed up. In 17 other areas, e.g., Fort Dix, N.J., Portsmouth, Ohio, Paducah, Ky., primarily where defense-stimulated expansion has mushroomed building too rapidly, FHA has also rationed the number of loans it will insure, sometimes cutting builders' applications...