Word: money
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Dates: during 1930-1939
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...inches in diameter. For years Struve has pined for a big reflector. One day he walked into the office of University of Chicago's President Robert Maynard Hutchins, told him that the University of Texas had received a bequest of $800,000 for an astronomical observatory. The money had been left by William J. McDonald, a Texas farmer who acquired an interest in science during his youth, an interest he never lost though he became a millionaire banker...
Deficit-financingwise: During the two War years, Government pumped an average of $11,000,000,000 a year of new money over & above its tax collections into the economy. This was four times its present rate of contribution...
Capacity wise: All capital goods investment (private and Government) put $15,000,000,000 to $20,000,000,000 a year of total new money to work in each War year. Production doubled between 1914 and 1917, the pace of U. S. economic activity stepped up, the way was paved for the still greater output during the 1920s. In 1926 production was 10% greater than the 1917 peak. U. S. economy has grown in size. Example: Wartime steel capacity was overstrained to produce 40,000,000 tons; present capacity is over 70,000,000 tons. In the grown-up economy...
...wise: The second half of 1939 is expected to see Public Works expenditure decline from its 1938 volume of $880,000,000, offsetting by so much increased armament expenditures. If President Roosevelt decides to balance the budget for the 1940 elections the Government may actually put less money into the public economic pot after the rise in National Defense expenditures than before...
...seem unavoidable and they are tempted to beat the gun on each other by putting 1940 models on the streets as early as July. This would not be good news to industry's toolmakers, for such premature previews would pay dividends to manufacturers who spent least time (and money) on getting new machinery for the new models...