Word: boom
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Dates: during 1960-1969
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...added, but instead, "new schemes have been dreamed up to spend the increase." Barry admitted that he voted against a more modest tax cut only six months ago, but he explained that he had done so only because it was a "politically motivated" gimmick designed to create "an artificial boom that would carry at least past election time...
...Mellowed Fervor. One priceless product of the economic boom is a new confidence on the part of both Mexicans and foreigners. Born of the 1910 revolution, Mexico's one-party regime has often frightened investors with land seizures, expropriation and talk of leftward drift. But time has mellowed revolutionary fervor. Though the government still controls such basic industries as oil, railroads and electric power, Mexico's present political leaders have created a healthy climate in which private enterprise is actively encouraged. As a result, Mexicans have taken their money from Swiss and U.S. banks and invested...
Inflation from Wages. Once first, the U.S. has sunk to tenth place among world shipbuilders, barely ahead of Yugoslavia. Since the end of World War II's building boom, 20 U.S. shipyards have folded, leaving only 21 private yards and eleven Navy yards; the private operators have orders for fewer than 50 merchant ships a year. Meanwhile, world-leading Japan is working on orders for more than 200 merchant ships, and Britain, Sweden and Germany have more than 100 each. Not a single foreign-flag ship is being built in the U.S.; the U.S.'s 15 subsidized lines...
...three-quarters of the nation's output. But there is also an important Small Steel. Unlike the auto industry, which supports only four major makers, the steel industry has more than 200 producers. Their share of total production may be modest, but they are profiting by the current boom in steel and playing an important role in the economy by selling uncommon types of steel with uncommon zeal...
...Start. One reason for the boom is the stimulus of the U.S. economy's upswing, which has greatly increased bank earnings. In addition, the sprawl of the suburbs and the westward population drift have created a need for expanded lending and checking-account services that cannot be met by established banks, which state laws often bar from branching. Partly to skip around those archaic laws, U.S. Controller of the Currency James J. Saxon has been eagerly chartering new national banks. He hopes that they will introduce fresh methods, hone competition to the consumer's benefit, and revitalize...