Word: grosse
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Dates: during 1950-1959
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Various alumni are serving as hosts during the trip, including airplane manufacturer Robert Gross '19, railroad president Frederic B. Whitman '19, and department store executive Stanley Marcus...
...earlier piatiletka: "We are 50 to 100 years behind the advanced countries. We have to run this distance in ten years. Either we do this or we disintegrate." That was a quarter of a century ago. Even in the unlikely event of the targets being attained, the gross national product of the U.S.S.R. in 1960, experts calculate, will be only two-thirds that of the U.S. at the present moment...
...gross national product averaged $387 billion, a good 6% higher than 1953's alltime peak. Industrial production was some 10% better than last year and 3% better than the 1953 high. The hard work was well rewarded: corporate profits were a record $44 billion before taxes and $22 billion after taxes; dividends of $10.9 billion were $1 billion more than 1954; average weekly wages of $76 were at a new high...
...race against the technology of farming. With bigger machines, better seed and fertilizer, farmers produced enough to feed a much bigger population, and the nation's surpluses mounted-14.5 million bales of cotton, 938 million bu. of wheat, 3.2 billion bu. of corn. Inevitably, farm prices skidded, and gross farm income dropped to $32.6 billion, down $4.5 billion in four years...
...What may throw it off is current military spending, slated for a $500 million rise to $34.5 billion, then another $1 billion rise in fiscal 1957. For years, U.S. defense chiefs worried that the nation might not be able-or willing-to carry the necessary burden. But as the gross national product has increased, the burden has shrunk until it is less than 10% of the gross U.S. output, a load that has proved easy to carry...