Word: booms
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Dates: during 1920-1929
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William G. McAdoo. It was generally believed in Washington that the McAdoo boom had suffered most severely of all Presidential booms because of the disclosure that Mr. McAdoo and his firm had received $150,000 in retainers from Mr. Do-heny. Some Republicans openly celebrated his political funeral. Senator Moses of New Hampshire, asked about McAdoo and oil replied: "De mortuis nil nisi bonum...
...foreign trade in 1920, was that we had best stick to domestic trade and write our foreign efforts off as a War delusion. Yet the recent marked gain in both our imports and exports with Latin America goes to show that something substantial has survived the 1919-20 boom...
Enthusiastic boosters of Senator Royal S. Copeland have started what has been characterized--not as a "boom"--but a "bang" for his nomination for President with the popular slogan "Bonus, Beer or Bust." The Soldiers' and Sallors' Copeland Campaign Committee has worked this havoc, and has in addition got out a campaign song, to the inspiring tune of which, no doubt the Copelanders will advance to victory...
...Total sales increased from $65,191,467 in 1922 to $81,843,232 last year, but the margin of profit on every dollar also rose from 10.15 cents in 1922 to 11.60 cents in 1923. The remarkable thing about both these companies is their prosperity in boom and depression alike. In flush times, the poorer classes who ordinarily would not buy at all, flock to them; in hard years, buyers who, when prosperous, are willing to patronize more expensive stores, return to the chain stores to economize...
During the post-War trade boom, one of the favorite sports of business men was organizing foreign banks. The country then enjoyed a tremendous export trade, and the thought was that an extension of American banking facilities abroad would serve to hold open the channels of this foreign buying of our goods and raw materials. The near-panic of 1920 perceptibly cooled the enthusiasm for foreign banks, and subsequent years have seen their gradual disappearance. The recent retirement of the Asia Banking Corporation, whose business has been taken over by the International Banking Corporation, leaves the latter institution...