Word: booming
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...Tariff was enacted economists felt that it would largely cut off Europe's opportunity to pay its debt to this country in goods. Imports into the United States during March amounted to $402,000,000. This is the highest figure since August, 1920, and reflects the current trade boom and its increased purchasing. Since imports are so largely raw materials, it also reflects heavy current manufacturing. Meanwhile our exports have continued to dwindle; they totaled only $341,000,000 in March, leaving an " unfavorable" trade balance of $60,000,000 against us. Not since August, 1914, has such...
...press was delivered by Secretary of Commerce Hoover, who particularly stressed the necessity of preserving the American spirit of private initiative, and warned his hearers against the extension of governmental control over business. Mr. Hoover had no fears that, owing to our huge stock of gold, the current trade boom would end in inflation. He did, however, urge that coal be stored now to lighten the transportation problem next fall and winter...
...rise in wages and materials subsides. The credit situation is, however, reassuring, and, as Secretary Mellon points out, should occasion no alarm concerning overextension. But a banking stringency is not necessary to usher in a period of declining industrial activity; the business cycle before now has turned from boom into mild depression while money was fairly easy...
...fact so marked is the boom in American industry at present that skilled workers from Canada are entering the United States in great numbers, attracted by higher wages and better living conditions. This has created an embarrassing situation for Canadian industry, which is itself enjoying prosperity and is unable to replace the lost labor except by bidding up wages to the prohibitive level...
...danger of admitting too many immigrants during an industrial boom, is perhaps best illustrated by the economics of the situation as it has operated historically. The agricultural population is the labor reserve of industry. In settled countries when industry is booming labor is drawn off the land into the factories. When industry is depressed this reserve goes back to the land. In America, which until about 20 years ago was a pioneer and not a settled country, the labor for expanding industries was drawn from; Europe. Statistics show that the rate of influx of immigrants and the rate of production...