Word: boomingly
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Records Every Year. Such rituals make the sum of the attention Pérez Jiménez thinks democracy needs in a country where the army is all-powerful, the ground is gushing oil, and people are getting rich from a boom that is now a decade old. In that time the capital city of Caracas has more than tripled in size to 1,100,000; the nation's population has swelled to 6,133,900. Farm hands are flocking to the cities; immigrants from Spain and Italy are pouring in. A primitive land ten years ago, Venezuela today...
...production of all manufacturing industries dipped to 82% of total capacity. Between August and November, production measured on the Federal Reserve index dropped six points to 139. Steel skidded to less than 70% of capacity, though total production, estimated at 113 million tons for the year, almost matched boom year...
...swelled to $229 billion. Wages continued to rise. The average hourly pay rose from $2.05 in January to $2.10 near year's end. Despite worry over the squeeze on earnings from rising costs, industry's profits will probably wind up only slightly under last year's boom levels of $43 billion before taxes, $21 billion after taxes, while stockholder dividends (about $12 billion) exceeded...
...Boom Psychology. Such real accomplishments of 1957 were obscured by the fact that the U.S. suffered from an advanced case of boom psychology. Prosperity had become such a part of U.S. life that many Americans expected new records as regularly as payday. Any temporary downturn brought cries of disaster...
...boom eased in the U.S., it was also easing around the world, bringing a drop in the demand for U.S. goods. The record dollar value of U.S. exports ($19.5 billion in 1957) and imports ($12.7 billion) may slip less than 5% in 1958. One of the major battles of 1958 will be over U.S. tariff walls and reciprocal trade pacts, with traders insisting that the U.S. does not buy enough and protectionists insisting that it buys too much. Yet in 1957, an encouraging answer to critics who say the U.S. does not trade enough was the case of foreign automakers...