Word: boom
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Dates: during 1960-1969
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World's 90%. Fortunately, few Asian lands are in a mood to follow Red China. Japan is enjoying an industrial boom and an affluent life comparable to that of Western Europe. Formosa, with significant U.S. aid, has had successive fine harvests in contrast to mainland China, and boasts a battle-ready army of 400,000 men. The Philippines has a stable working democracy these days, and is forging close links with its fellow Malay nations. Malaysia, a state scheduled to be born this month, will federate Malaya, North Borneo, Singapore and Sarawak in an anti-Communist grouping. Indonesia...
...reserves stand at a historic high of $510 million, wages climbed 17% last year, while the cost of living was held to an increase of only 1.8%. The country's population rose 3.1%, to 38 million in 1962, but the gross national product rose even faster -4.8%. The boom, said Lopez Mateos, was reaching the people in a multitude of forms...
...Pereira is dealing with no monuments, no national sentiments, no cities-in-vacuum. He has had the luck?helped by hard work and great skill?to fall into something truly unique: the chance?and the challenge ?to build a huge new community alongside the urban disorder of the boom town of the boom state in the boom country of the world. It is a golden opportunity, and no one is more aware of the fact than Pereira himself...
Higher Wages. Soon to be six years old, the Continental boom is changing its basic character. From a Keynesian kind of capital-goods boom, the Common Market is now experiencing a consumer-goods boom that will send its auto production up 15% this year (to some 5,000,000 cars) and increase the output of everything from clothes to convenience foods. Now that its war-scarred factories are all rebuilt, Western Europe is concentrating most of its industrial might on meeting an impatient consumer demand...
...loan industry started as a sort of social protest movement among low-paid people who pooled their resources to finance one another's homes after the banks of the day turned them away. It remained a relatively small part of the U.S. financial world until the postwar housing boom came along, turning a nation in which the majority of families had been tenants into one in which two-thirds of all families are homeowners. Since then, S & Ls have prospered most where homes are going up the fastest. Four of the five largest associations are in Los Angeles, Pennsylvania...