Word: boom
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Dates: during 1960-1969
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...about 15 years. She has a Ph.D. in literature from the University of California in Berkeley, where her thesis was about a medieval folk tale. Her first songs were sung by Pete Seeger and the group that evolved into The Weavers, and she has been supplying the folk-singing boom ever since...
...filled with an acrid stench. "That smell used to make me deathly sick," says one Morrow County resident, "but now it doesn't bother me at all." And why should it? It has become the smell of wealth, the sweet odor of Ohio's first oil boom since the turn of the century...
...Gushers. Ohio was a major oil producer 60 years ago, but its production had dwindled to nearly nothing until the Morrow County boom. It began modestly three years ago, when wildcatters drilled a 3,280-ft. well on a farm, but really got going last fall when two gushers came in almost at once. Last week alone, Ohio authorities issued 112 permits for drilling in Morrow County, bringing the number issued to nearly 1,000. In 450 attempts so far, oilmen have brought in 162 producing wells. Derricks have sprung up in clusters on front lawns, in narrow alleys...
...Morrow County people have made most of their gains from the boom by leasing their land for drilling. Oil speculators have wildly bid up prices; a three-month lease for a 61-acre tract near already-producing wells recently skyrocketed from $1 to $30,000 in a single day's trading, and the value of another tract tripled from $25,000 to $75,000 in three days. Since the big oil production started only recently, royalty income-a standard 36.50 per barrel-is just beginning to build up. Nonetheless, the oil boom has stepped up the county...
...West's economies are kept rolling along by money from millions of individual investors, and in the postwar years most of it has come from the U.S.-a big factor in the drain of gold from American coffers. Europe, despite its boom, has failed to generate enough investment capital to meet even its own needs, let alone to play its long-overdue role in world financing...