Word: boom
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Dates: during 1970-1979
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...moves along the snake's digestive tract, it makes a bulge, just as the boom babies are causing a traveling bulge in the economy and social life of the country. Some social scientists, for example, attribute the student riots and other disruptions of the late '60s to the sheer numbers of adolescents who abruptly appeared on the scene...
...largely in its twenties. As its members continue to marry, by 1980 the number of U.S. households will rise to at least 77 million (from 63 million in year 1970). Unlike members of the cohort before them, who had fewer contemporaries with whom to compete, the baby-boom generation is having problems in the job market...
Just as the baby boom caused a number of dislocations, the birth dearth, following so soon in its wake, is beginning to have a troublesome impact on many parts of society. Many hospital maternity wards, opened or expanded in anticipation of a further population explosion, now have nearly empty nurseries. Last year maternity wards in New York's Nassau County hospitals had an occupancy rate of only 51%. Two New York City hospitals, Doctors and LeRoy, have already shut down their maternity wards, and another plans to do so. Three Los Angeles hospitals are considering similar action following...
...reducing its silver prices by 10% this week because "raw silver prices have come down." At the same time the new down trend does signal a long overdue end to a two-year boom in raw-material prices that has contributed heavily to the global price spiral...
...boom began in mid-1972, when rapid business expansion round the world created a hunger for materials that could not be satisfied. The prices of such key metals as copper, zinc and lead, along with such fibers as cotton and rubber, doubled and in some cases tripled by late 1973. Then the energy crisis caused stock and currency values to wobble. Speculators fled from stock and foreign-exchange markets into the seeming safety of the rising commodities markets, bidding raw-materials prices up another...