Word: costs
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Dates: during 1940-1949
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...other words, it was a federal handout with no strings attached, and practically everybody was for it. Among its backers were Walter Lippmann, General Eisenhower, Drew Pearson, President Conant, and Walt Disney. But House Speaker Joe Martin thought it would cost too much, and with the assistance of some similarly disposed Representatives, was able to keep the Taft bill from ever reaching the floor of the House...
...Bakers. In the unparalleled production marathon of 1948, many a U.S. businessman marched in seven-league boots. Charles E. Wilson's General Motors turned in the biggest profits of any single U.S. company (estimated $425 million), and by tying wage increases to the cost of living, showed a statesmanlike concept of management-labor relations. Montgomery Ward's Sewell Avery put on his own special one-man show; since midyear, he had fired or accepted the resignations of his president and seven other executives, but he still turned in the biggest profits (about $65 million) in "Monkey" Ward...
...year's end, prices of electrical appliances (refrigerators, irons, washing machines, etc.) were down 25% from their peak; cotton cloth was down again to OPA levels and below. Some prices were still rising (autos, metals, etc.), but the "cost-of-living" items (food, clothing, furniture, etc.) were coming down. A drop in retail sales had scared department stores into a rash of pre-Christmas price cutting. Even then, stores barely managed to sell as much...
...could trucks and farm equipment, once as short as Chevvies. After a long climb, employment and production in some industries were both dropping "unseasonally" at year's end. Though employment, at 60.1 million, was almost one million above the end of 1947, the Bureau of Labor Statistics' cost-of-living index, which reached a postwar peak of 174.5 in August, had steadily moved down to about...
Third Round. The rearmament program was notably good news to the aircraft industry, which was saved from disaster by $2 billion in plane orders, but it scared many another businessman into a wild scramble for materials. The new inflationary pressures drove the cost of living up, month after month. And this gave labor a potent argument for its "third round" wage increases, another sharp spur to galloping prices...