Word: boom
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Dates: during 1960-1969
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...impossible to know now, Smithies added, whether new expenditures for the Vietnam war on top of the present 58-month boom would necessitate the restrictive monetary measures advocated by the board
...current 4.3% to below 4% - the level that the President's Council of Economic Advisers regards as full employment. The high-living U.S. consumer shows no sign of ending his five-year shopping spree, is currently spending 950 out of every $1 he earns. So durable is the boom, said the London Economist, that "analysts and businessmen may even stop counting the months...
...Benelux countries signed the Treaty of Rome nearly nine years ago. As the tariff walls within the Six came tumbling down, trade doubled in a cornucopian flow of cars and caramels, typewriters and transistors, that made shops in the six countries part of one great international bazaar. The resulting boom fattened their gross national products by 38% since 1958 (v. 28% for the U.S.). Despite the erection of a common tariff against the outside world, the Six became the world's largest trader, and embarked, with the U.S., on the so-called Kennedy Round tariff negotiations-now stalled-designed...
Arthur Carlsberg, 32, of Los Angeles, has earned $5,000,000 in the business in which fortunes have traditionally been made fastest: real estate. He is chairman of Rammco Investment Corp., a Southern California land-investment firm that has shown a canny ability to pick farmland plots that later boom into building sites. Exuberant demand for choice land-which has helped send the price of housing sites in the U.S. up 15% annually during the 1960s-enables a land speculator to multiply his money in a hurry...
Last year he joined with two other millionaire land investors, Bernard Selwyn and Herbert Edwards, both 42, to form Rammco. The company's aim: to make money by letting other investors in on the land boom. The partners buy up huge plots in Southern California, then sell chunks to investors and manage the land for them until its value rises and the owners sell out to other investors. Rammco earns its profit by charging a 10% commission on each transaction, now manages $50 million worth of land...