Word: boom
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Dates: during 1950-1959
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Even their doughtiest opponents had privately conceded a Liberal victory. In the minds of most voters, the Liberals were the party of prosperity, in office since 1935 through the years of recovery, war boom and the phenomenal postwar industrial expansion that is still going on. Erstwhile Tory businessmen were converted by the Liberal government's highly orthodox fiscal policies, its annual budget surpluses and its steady cutting of the national debt. Farmers liked the efficient grain-marketing system and price supports. Labor was won over when the Liberals coolly borrowed the most attractive social-security planks from...
...signs indicated that the boom was still steaming along. Construction hit an alltime peak of $3.3 billion in July. Electric output, reflecting the high rate of industrial activity, set a new weekly high of 8,460,427,000 kilowatt-hours. Auto output for the first seven months of the year was at a record 3,852,624 units. Deposits in mutual-savings banks hit a new high of $23.6 billion. Even farm income, for months the most glaring weak spot in the economy, was off only 5% from last year to $12.6 billion in the first six months. And rosy...
...female-were locked in the battle of the bulge. A recent Gallup poll showed that 34 million Americans admit to being overweight; the American Medical Association has described obesity as America's No. i health problem, noting a far higher death rate among the overweight. Result: a boom in diet charts, low-calorie foods, and a new, "nonfattening" sales campaign by the U.S. food and beverage industries...
EVEN the manufacturers are surprised by the size of the home air-conditioning boom. The industry, which had planned to make 750,000 household units this year, already has turned out almost 1,000,000, is now setting its sights...
Despite the world boom, there are ominous signs of trouble ahead. Production costs are going up so fast that Germany's prices have doubled in the last two years. Sweden, which built a 20,000-ton tanker in 1950 for half the American price, now charges about the same. New orders are falling off at an alarming rate. In Britain, they are only half the rate at which old orders are being,completed. What is more, in the first half of 1953, Britain received cancellations on orders for 40,000 gross tons. Unless new customers turn up soon...