Word: market
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Dates: during 1940-1949
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...Manhattan, a 48-inch water main broke during the morning rush hour, flooded blocks of the I.R.T. subway, trapped 9,000 passengers on 14 underground trains and tied up service for five hours. A black market in fuel oil developed overnight and was heartily damned and heartily patronized. Icicles formed on the cornices of skyscrapers, dropped off and came tumbling down while pedestrians leaped like rabbits...
...usual, the supply of bread, butter, eggs and other commodities in the state stores was not enough to equal demand. Stores imposed their own rationing, limiting what customers could buy at one go. Some customers queued & queued to get what they needed. Others adjourned to the peasants' markets, where supply was more plentiful and price ceilings off. Result: peasant market prices soared to three times the controlled prices, and peasants began to get back rubles recall had taken from them...
...nature cold; he preferred the brawling uncertainties of the North, and the moralizing surrealism of his Flemish forerunner, Hieronymus Bosch (TIME, Sept. 15). Before he died in 1569, Bruegel was to paint a series of complicated masterpieces in oil, but he got his start working from and for the market place, selling his engravings cheap. His horny-handed customers were bound to appreciate pictured proverbs like The Hay Runs After the Horse (symbolizing girls who chase boys...
...many a U.S. businessman, at that time, the buyers' market looked no farther away than the next customer (one auto dealer even predicted that by autumn customers would be able to "walk in and buy 'em off the floor"). Economists, with the same instinct that causes flying pigeons to wheel in unison, largely and solemnly agreed on the exact date for the interment of inflation. The recession, they said, would come in the spring. As Barron's financial weekly put it: "The 1947 depression, recession, or shakeout, whichever one calls it, has advanced from a fear...
...other nations would get on their feet again, and by their own production close the gap in foreign trade. Result: those in the U.S. who had patiently held off their buying, waiting for the drop in exports to ease the pressure on prices, had to jump back into the market...