Word: liquidity
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Dates: during 1940-1949
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...Money. In 1945, those in the top fifth of the salary brackets received almost half the national income, said BAE. Moreover, this same top fifth already held three-quarters of the savings and liquid assets. The bottom 40% had saved only $1 billion during the war. More than 50% having bank deposits decided not to touch their holdings this year except for emergency...
...next year he visited Russia, won rights for the sale of liquid gases to the U.S.S.R. Back in Manhattan, he organized the International Publishers Association (51% Comintern-owned), spent $115,000 in the next decade on the publication of left-wing books and pamphlets. He dug deep into his jeans to bolster the shaky finances of the Daily Worker...
...various stages of flightiness, 172 of the nation's best golfers teed off last week on Cleveland's Canterbury Club course, in the first Open since 1941. The old hands had brought along some liquid companionship for locker-room nerves. The new school of war-born par-smashers caught the taut feeling too, though most of them did not smoke, much less drink. The standard cure was Bromo-Seltzer; in advanced stages phenobarbital...
...January 1942, Canada's liquid reserves of U.S. dollars and gold had fallen to $174,000,000, barely enough to finance war purchases for six weeks, the Foreign Exchange Control Board revealed. To conserve the rapidly dwindling reserves, drastic exchange controls were imposed, including the highly unpopular ban on use of U.S. dollars by Canadians for pleasure trips. But it was the inflow of dollars under the Hyde Park Agreement that helped most...
...output really begins to flow. Establishing 1941 supply s the norm looks good at first sight, but on closer examination resembles an attempt to measure the avalanche with a rain-gauge. For five years the consumer has been starved for goods, and has amassed an unprecedented total of liquid wherewithal. Pre-war production is not enough to fill the need; lifting the ceiling when it is attained will cause a mad spree of competitive bidding for scarce items...