Word: dampers
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Dates: during 1940-1949
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...cities; rings of huge sausages festoon the show windows of butcher shops. Even the sidewalk vendor of frankfurters has reappeared in Frankfurt. West German industrial production stands at 87% of the 1936 level, steel output has soared to nine million tons a year. But the anniversary triumph requires a damper of caution. West Germany is beset by some alarming economic difficulties...
While the Western allies were still congratulating themselves on an important measure of progress toward a democratically ordered Europe, the damper came...
Secretary of the Treasury John Snyder disagreed. At a credit conference in Chicago, Snyder told 1,083 representatives of the American Bankers Association that "business apprehension," which "is getting to be a seasonal affair," had, in effect, already put a damper on overbuying, overborrowing, and overexpansion. There was no need for any additional broad controls against inflation...
...Swollen Stream. Controls authorized by the special session of Congress, to go into effect Sept. 20, would put only a small damper on time-buying. The new regulation on auto purchases, for instance, calls for one-third down, the rest of the payment in 15-18 months. On household appliances, the down payment is only 20%, the rest in 15-18 months...
...thought that the results of Snyder's action would prove much of a damper on the inflated market. The cost of borrowing would have to be much higher to be effective. As for the rediscount rise, its effect would only be psychological. Borrowings by member banks from the Federal Reserve Banks are relatively insignificant, at less than $300 million. With excess reserves of over $1 billion, member banks were not likely to raise the volume by much, nor feel any actual pinch because of the higher charges...