Word: frugal
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Dates: during 1950-1959
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...Secretary's Mirror. The best Secretary of Commerce since Herbert Hoover had been looking in a shaving mirror, generally with satisfaction, for close to half a century. At 62 he was a millionaire, but he still had the reputation of being a frugal man; he considered lavish official entertaining "a waste of money." He lived in a large brick house (rented) on cobbled O Street in fashionable Georgetown, waited on by two servants; he himself was apt as not to answer the door. He had never visited his neighbor, Secretary of State Dean Acheson; until a few weeks...
...total income coming from refrigerator sales, Amana feared that it might go broke if the bottom dropped out of the refrigerator market. And the expense of keeping up with high-powered competition ($300,000 to tool up for a new line) seemed like too much of a gamble to frugal German farmers...