Word: boom
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Dates: during 1950-1959
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...some critics the problem is not so much what SEC does as what it does not do. Originally set up to control an industry marketing about $2.8 billion worth of new corporate securities annually, it must now regulate a booming giant growing at the rate of $10 billion annually. In 1955 some 4.000 stock and bond issues worth an estimated $340 billion were traded on U.S. exchanges, another 3,500 stock issues worth nearly $40 billion on the over-the-counter market. With the new boom in mutual funds and monthly investment plans, there are more shareholders trading more stock...
Despite the soft spots, heavy consumer spending was keeping the boom rolling almost as fast as ever. Retail sales for the first five months neared $75 billion, 3.8% above last year. Manufacturers' May sales wrote a new record: $27.8 billion, up 6% over 1955. Manufacturers' new orders stood at $27.7 billion, up from the month before, although May orders usually slack off from April's. People were buying more because they were earning more. Commerce last week disclosed that 1955 family incomes before taxes averaged $5,520. And with the passage last week by Congress...
...Northwesterners doubt that the investment will pay rich dividends. Grand Coulee irrigation water has already turned hundreds of square miles of sagebrush desert into lush cropland, boomed Grant County population 67% (to 40,000) in six years. The once-barren hills have sprouted new farming towns and fertilizer plants, railroad yards and huge sugar-beet refineries. When the $200 million Wanapum Dam follows Priest Rapids into production, Grant County citizens will at last have the cheap, abundant power to balance their boom with industry...
From the starveling stepchild of industry, scientific experimentation has become an industry in itself−perhaps the key industry. By constantly creating new products, and thus new markets, research has added a dynamic new force to the economy to help keep the boom rolling. Once industries competed for a market that seemed clearly limited by consumers' needs, and the basic needs varied little from decade to decade. Periodically, the needs were so nearly filled that the market and industrial activity declined. In the age of research, industries compete constantly to create new needs, expand their markets and increase production...
...SHIPPING BOOM is steaming along so briskly that lines do not have enough vessels to handle all new business. Maritime Board has requests from 15 companies to release total of 81 ships from Government-owned reserve fleet for emergency charter service...