Word: moring
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Dates: during 1970-1979
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Sales of cars would slide still farther. The biggest vehicles, which produce the fattest profits for manufacturers and dealers, would be the worst hurt. Small cars would increase their market share, which now is more than 50%. Among Detroit's Big Three, ailing Chrysler Corp. would fare the worst...
More immediately, large segments of the nation would suffer from the decline in driving and in demand for cars. The old manufacturing centers of the Midwest and East-steelmaking Pittsburgh and Youngstown, tiremaking Akron, glassmaking Toledo, many others-rise or decline along with the fortunes of autos. St. Louis, Kansas...
Fast food chains such as McDonald's, Wendy's and Howard Johnson's would suffer. Restaurants near population centers would surge. So would air travel, as people flew on vacation instead of driving. That would boost sales of more fuel-efficient jets, and Boeing, Lockheed, McDonnell Douglas...
In the event that gasoline prices were to increase sharply, growth in the economy as a whole would not necessarily slow, or unemployment rise, if the proceeds of the tax were recycled to consumers, as the various Administration proposals recommend. But the impact on consumer prices would be severe. A...
Conservation, cartel-style: less production, more profit