Word: boom
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...continental Western Europe the general picture is one of a continuing strong growth of output, with boom conditions especially pronounced in France, Western Germany and The Netherlands. In the United Kingdom, on the other hand, total industrial output has fallen decisively below the level reached at the end of last year." Thus did the latest seasonal report of the United Nations' Economic Commission for Europe last week sum up the economy of Western Europe...
...sights on a near-record 7,000,000-car year in 1957, may drive consumer credit to new peaks. An increase in defense production, which generates spending power with no corresponding increase in consumer goods, promises to put new steam under prices. But Bill Martin is confident that the boom can be controlled, that the rise in the cost of living can be checked without bringing on a recession. Says he: "I have faith in the future of this country. We are growing as we go along the road...
Fueling the Boom. Customers, clients and hat-in-hand applicants have all contributed to the money shortage, putting massive pressure on the nation's credit resources in the race to translate higher-than-ever paychecks and profits into higher-than-ever living standards and productive capacity. To fuel the boom, the nation has run $770 billion in debt, a 65% increase since 1946 (see chart). While public debt has dwindled from 65% of the total to 45% in ten years, loans to individuals (including small businesses and farmers) have rocketed from $60 billion to $191 billion...
Viewing the statistics, some businessmen contend cheerfully that a constantly increasing population, the vast new opportunities unlocked by the atom, and the whole new field of electronics all help to assure continued high employment and demand for goods. But Martin contends that the risk of boom and bust is too dangerous, since the FRB is powerless to reverse full-scale depression. It takes more than easy credit to persuade a businessman to turn out goods for which there is no market. Argues Martin: "The Federal Reserve cannot turn the economy off and on like a faucet. But we can minimize...
...HEATING BOOM, growing at rate of 20% each year (up 100% since 1951), is pushing natural-gas industry out ahead of oil for first time. July figures show 10.2 million U.S. homes centrally heated by gas v. 10.1 million for oil and 7,500,000 for old king coal...