Word: busting
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Dates: during 1940-1949
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...Henry Wallace and his opposite numbers in Europe use against the U.S. Will there be a depression in the U.S.? Says Miss Ward: maybe. There are few present signs that a depression is imminent but there are also few signs that the U.S. has learned how to master the bust & boom cycle. Will the U.S. return to isolationism and leave Europe in the lurch? Says Miss Ward: definitely not. Is the U.S. imperialist? Says Miss Ward: nonsense...
Harvard's sage, grey Sumner H. Slichter, who had rightly warned of inflation dangers while others mistakenly worried about a recession, finally thought that the boom was tapering off, but he saw no bust in sight. There were plenty of signs of the boom's end, he told the Mortgage Bankers Association in Manhattan, "in the slackening rate of increase in spending, in the slower rise in prices and wages, in the halt of the increase in bank credit, and in the drop in the net export surplus...
...Republicans . . . voted themselves a cut in taxes and voted you a cut in freedom. The 80th Republican Congress failed to crack down on prices. But it cracked down on labor all right." He said there was "an exceedingly real possibility" of a boom-and-bust cycle if the Republicans came into power; "you can already see signs of it. The boom is on for them and the bust has begun...
...Atlantic City, Beatrice Shopp, 18 ("Miss Minnesota"), was named "Miss America of 1948," winning a $5,000 scholarship, a Nash car, and untold publicity. Her measurements: height, 5 ft. 9 in.; weight, 138 Ibs.; bust 37 in. Her talent: she played the vibraharp. Said "Bebe": "I am only a farm girl. I drive a tractor. I clean the chicken coops. I mix cement...
Even in good times, more than 500 of the nation's banks used to go bust every year. Since FDIC started insuring, only 404 banks have been forced to close, and less than one-eighth of 1% of their deposits were lost. In the last five years not one FDIC-insured bank has closed, and not one depositor has lost a cent...