Word: boomingly
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Dates: during 1930-1939
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...Administration, the Reserve Board is the manager. And in the management process a tremendous potential momentum toward Inflation has been built up. If this force is not properly braked, most disinterested observers agree that the U. S. may go on a reckless ride which would make the boom of the 1920's seem like a harmless trolley trip. Indeed, there is some doubt whether the Board can keep this momentum Bunder control, because many of the inflationary threats lie not upon the records in its rented quarters across from the Treasury but in the cloak rooms of the Capitol...
...definition he bases a rhetorical question: "How is it possible to have inflation when men are idle and plants are idle?" _ However, nearly every economist has his own pet idea of what constitutes inflation, largely because of the astonishing lack of agreement on just where good times become a boom and a boom becomes inflation. On only one point is there any unanimity: the possibilities of inflation in the U. S. lie almost wholly within the banking system. And the core of that problem is bank reserves and their manipulation. Excess Reserves. The principal medium of exchange...
Libbey-Owens-Ford Glass Co. of Toledo reported 1935 earnings of $8,167,000 compared to $3,161,000 in 1934. Like many another 1935 recovery, the improvement in Libbey-Owens-Ford Glass Co. depended largely on the 1935 boom in the motor industry. Libbey-Owens-Ford and Pittsburgh Plate Glass make some 90% of U. S. plate glass. They split this lion's share about evenly, 'but Libbey-Owens-Ford is the leader in safety glass production. Safety glass is made by sticking two ordinary sheets of glass together with a plastic binder. When struck, safety glass...
...states compel the use of safety glass in all passenger car windows. Libbey-Owens-Ford makes about 50% of U. S. window glass, but the window business has languished throughout Depression. Even in 1934, however, the company's window trade increased 41% over 1933. Should a real building boom materialize in 1936, what was once Libbey-Owens-Ford's only business will again become a major item...
...into safety glass through E. I. du Pont de Nemours, which made the binder, and for a while went 50-50 with the du Fonts in safety glass manufacture. In 1930 Pittsburgh bought out the du Pont interest. So, like Libbey-Owens-Ford, Pittsburgh rode along with the motor boom and its 1935 earnings are estimated at about $8,250,000, as against...