Word: boom
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Dates: during 1950-1959
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...vacant lot" puts up a motel. Today, competition for the tourist dollar is even more acute, the product more enticing. How tempting and comfortable some of these motels can be is shown in our four-page color spread; what the industry is like is told in The Boom That Travelers Built, in BUSINESS...
Relying on knowledge of the boom and bust in the twenties, accumulated for his forthcoming book "The Great crash," he warned the committee that "there are similarities between 1929 and 1954 which are certainly interesting and possibly disturbing." "What has happened before so many times can obviously happen again," he added...
Although the present boom has not reached dangerous proportions, we should not be lulled into inaction, he said, for once started, "a boom can't be stopped, only collapsed...
...told the committee that it was most important to stop the boom before it began, because inflation becomes increasingly difficult to restrain due to the losses suffered by speculators. The government must make clear its intention of stopping speculation, he told the investigators, for a boom can begin even with safeguards present...
...government has always had the means to prevent speculation, and the crash which inevitably results, Galbraith said, but has been unwilling to take the responsibility of precipitating this crash. "This is a matter of prevention, not control, for booms are not controllable, they are based on the hope of easy profit," he said. When the hope exists, there is a boom, he explained, and when it does not, there is no boom. The government cannot compromise on this matter...