Word: boom
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...successful in its campaign to remove gold from the international monetary system. Last year the U.S. persuaded other countries, including a reluctant France, that the International Monetary Fund should auction off one-sixth of its gold hoard, or 25 million ounces. Meanwhile, the economic conditions that triggered the gold boom of 1973-74 have largely disappeared. The dollar is steady, world inflation rates have come down and the general panic set off by the oil crisis has abated. All those trends reduce the distrust of paper money that moves many speculators to put their funds in gold...
...unlikely he could have succeeded with any party. But it's also true that a shift took place within the GOP; power was moving to the string of Southern and Western states that constitute the sunbelt. That area was the main beneficiary of the post-WW II boom, still unhibited by the countervailing force of strong trade-unionism. Rockefeller stumbled upon this split by accident, purely out of his search for a political base. But he came down on the wrong side of it and thereby alienated a segment of the GOP capable of denying him the nomination forever...
...spending and spending plans differ widely from industry to industry-and even from company to company in the same industry. Some of the biggest capital spenders are electric utilities, which are rushing to keep up with ever rising demand, and textile makers, who are in the midst of a boom. In the auto industry, where sales are soaring, Ford will increase its spending 40%, to $1.4 billion this year, and Chrysler will raise outlays 18%, to $450 million. But GM's planned spending of $2.5 billion will only about match last year's pace...
...growing numbers are plagued by a persistent, gnawing question: Is their Utopia going sour? Despite Sweden's prosperity, a sharp increase in burglaries and robberies has produced a sudden sales boom in police locks and other antitheft devices. Police in a country that for years took pride in having no drug problem have recently uncovered several large caches of heroin. There are no signs, moreover, that Sweden has made any progress in dealing with its nagging alcoholism problem or its high suicide rate...
Spiraling inflation was the major factor that turned the 1971-73 boom years into the worst global recession since the 1930s. Two of the hallmarks of the last inflation are once more highly visible: rising commodity prices (one key index has climbed 30% since last November) and sharp increases in the money supply in some countries, notably France (where it is currently growing at an annual rate...