Word: boom
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Dates: during 1950-1959
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...Boom. U.S. aid (total: $3.4 billion) made German recovery possible. Currency reform and the laissez-faire economic policy adopted by Konrad Adenauer's businessman Government gave Germans a driving incentive to rebuild their factories, buy new machinery on credit, and go without to make the monthly interest payments. Yet it was German hard work that overnight turned revival into boom. German heavy workers, with the approval of their trade unions, put in up to 54 hours a week for an average wage of $18 to $22. Many Ruhr factories keep going full blast on Saturdays and Sundays; their employees...
Partly, the explanation is an overabundant labor supply, without which German employers could not demand so much of their men. Well over a million Germans are still out of jobs; millions more, mostly refugees, are underfed and badly housed. Despite the boom, the average per capita food consumption in Western Germany is about 10% less than prewar...
...Street. It had a list of Newfoundland firms ready to provide anything from Alka Seltzer to zwieback. In its first week the new office placed $17,340 worth of orders and signed a contract for a month's ration of bread. Newfoundland merchants beamed. The Yanks were bringing boom times, and the end was nowhere in sight...
Much of the boom is supported by debt; consumer credit, for example, stands at an alltime high of $21.7 billion, 12% above a year ago. And much of the pent-up demand for goods has been satisfied. There is little doubt that some industries will eventually have to go through painful readjustments such as television, textiles and some chemical companies experienced in the past year. But there,is also the prospect that reductions in taxes (see below), plus a more cost-conscious approach to government in general, will put more real income in the hands of consumers and counterbalance...
...Washington late in 1864; chiefly interesting for such minor sidelights as Vice President Andrew Johnson, a generally abstemious man, turning up in his cups (too much brandy) at Lincoln's second inaugural. ¶The Collected Works of Abraham Lincoln, a nine-volume key to the current Lincoln boom scheduled for publication next February, which will contain 99% of all known Lincoln material, sell for $115 (prepublication price: $95), and boast such items as an index to 200 Lincoln forgeries...