Word: boomings
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Dates: during 1920-1929
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...Ford and Mr. McAdoo, both of whom may fairly be classed as progressives, have received most of the boom advertising thus...
...Bank authorities, but one phase of the matter deserves notice. Hitherto, the theory and practice of the Reserve system necessarily have differed considerably, owing to the extraordinary set of problems with which it has been constantly and successively bedevilled ever since its establishment in 1914, such as the boom of 1915-16, Liberty bond distribution since 1917, the boom of 1919-20, and the severe deflation of 1920-22. On the whole, its success with these unprecedented tasks has been little short of miraculous...
...half years. This means that the construction industry would have to work at 25 percent above its normal output for 10 years to make good the accumulated deficiency. In view of the amount of this shortage and its widespread distributions, it seems entirely probable that the building boom of 1922 will continue through 1923, but probably with somewhat diminished vigor...
...loanable funds. The Federal Reserve System has immense gold holdings which might form the basis of an almost unlimited amount of credit. If the present expansion of business were to go forward until halted by a shortage of credit we might well look forward to a very great business boom...
...present business, expansion will be halted, not by a shortage of credit, but by a shortage of labor, complicated by a shortage of railroad transportation, and it seems further probable that those two shortages are already well on the way toward becoming serious. During the peak of the boom in the spring of 1920 manufacturing firms began an active and aggressive competition for labor, and when that happened manufacturing costs ran up and profits disappeared...