Word: boom
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Dates: during 1960-1969
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...still sparse-less than 700 in some 125,000 acres. But alert Big Sureans could discern the beginnings of encroachment: Carmel Highlands, just above Big Sur. has been blotched by free-for-all development, and San Luis Obispo to the south is a well-known eyesore. Tourism began to boom; in 1952 only 2,500 tourist cars passed through Big Sur on an average summer Sunday' in 1961 it was up to 6,000. and last year 8,863 cars were turned away at Pfeiffer-Big Sur State Park for lack of camping facilities. Big Sur's inhabitants...
...investors. Many speculators, says Dr. Krystal. use the stock market as an outlet for their aggressive impulses. It is one place where they can make "killings" without conscious guilt. But at the deeper, unconscious level, he argues, the guilt builds up along with the wealth, and every boom must inevitably be followed by its reaction of widespread emotional depression that leads to a "fall in the level of confidence" and a market depression...
...nation's most spectacular feat has been its economic and fiscal comeback. The phenomenal upsurge that has become known as the "French miracle" has in five years turned near bankruptcy to boom, made the once-fragile franc one of the world's sturdiest currencies. Soon after De Gaulle came to power in 1958, the nation's reserves were so close to exhaustion that he had no recourse but to devalue the franc. Offered two alternative proposals, the President, who is as innocent of economics as Konrad Adenauer or John Kennedy, gambled on a "strong plan." It wrung...
Other automen argue that part of the explanation lies in the fact that the young people born during the wartime baby boom are now buying used cars. This increase in demand has driven used-car prices so close to new-car prices that many people decide to spend the little bit extra it takes...
...past year Japanese businessmen have woefully claimed that they are in the throes of recession. But to anyone else, Japan's condition sounds more like a boom. Gleaming new buildings are rising in every major Japanese city and more new cars join the Tokyo traffic jam every day. Consumer income in Japan is up 10% from last year, consumer spending up 9%, and even industrial output, which in any other country must point down or there is no recession...