Word: boomingly
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Dates: during 1950-1959
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...oldest and largest U.S. dealer in antiques. What the champagne-sipping Manhattanites saw was a $10 million display of furnishings ranging from Boucher tapestries valued at $175,000 to a Louis XV desk insured for $250,000. French's splashy housewarming was only part of an antique boom that has sent a stream of pre-1830 European furniture to the U.S. (1957 imports: $14.2 million), has even sent European buyers scurrying here to shop...
...news struck the nation like a sonic boom. Canada had worked long and hard since 1945 to build up its own jet aircraft industry, hoped to hit the big time with its swift CF-105, possibly even sell some to the U.S. Air Force. High costs and the missile age made it impossible. To equip the R.C.A.F. with Arrows would cost something like $2 billion, and the first operational models would not be in service until 1961. A better bet was to spend the money on a setup like the U.S.'s SAGE system: improved DEW-line radar, electronic...
...cars wheeled into showrooms, the big question was: How well will they sell? If the '59s catch on, they could lead the U.S. economy to its greatest boom. If they flop, recovery might be plodding. Last week, even discounting the usual dealer enthusiasm, the cars looked mighty hot. Government economists, weighing such factors as auto prices, population growth and the age of cars now on the road, predicted 1959-model sales...
...lagging far behind general recovery from the recession. While industrial production has recouped more than 50% of its loss, manufacturing employment has recovered only 25%. When will the bulk of the unemployed be rehired? Last week top Administration economists estimated that even when production hits the mid-1957 boom level, unemployment will remain at upwards of 4,000,000, or 6% of the labor force, because of some significant changes in production methods...
...charge that also makes him particularly angry is that the recession was brought on by overexpanded credit selling of cars in 1955. "I think there was a coinciding then of two factors," he said. "The economic boom coincided with a freshness and newness of car models not seen for a long time. You had the panorama windshield and other improvements. The dealers got excited about the product. In their excitement they may have overtraded. But the fundamental fact was the business excitement...