Word: expansionism
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Dates: during 1950-1959
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They based their forecast on the fact that each postwar cycle has had two or three years of expansion, followed by one or two years of contraction. The current boom got under way 17 months ago, and the key indicators are cycling ahead of schedule. Manufacturers' new orders snapped...
On the other hand, some economists are suspicious of such pat theories. They argue that the economic future is not necessarily a precise reflection of the past, that steps have already been taken to keep expansion from getting out of hand. "One way to moderate a recession," says Chase
Some presidents of Harvard have striven for academic freedom, some for expansion, most for money. Yet in the annals of 324 years of College history one president stands out for another interest. Josiah Quincy strove for academic freedom, wrestled with financial problems and helped the College expand--but throughout the...
Since Congress has refused to pass a requested $350 million increase in postal rates and to cut down farm price supports, only better-than-hoped-for expansion in business can raise tax revenues to keep the 1960 budget at or near balance. So Staats sternly opposed annual slices of $15.5...
The rifts indicate this process may be still continuing, perhaps helped by an expansion of the earth. As Heezen sees it, the earth's crust breaks under this tension from within, forming a narrow, steep-sided rift that grows slowly wider. When the rift is about 60 miles wide...