Word: overbuilt
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Dates: during 1940-1949
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...uncovered a growing dissatisfaction with factory and office routine; life in drab, overbuilt cities cost too much-in something more important than pounds & shillings...
...heavy industry has long been haunted by a nightmare: in building up the U.S. for war, it may well have overbuilt it for peace. Last week, news from Washington turned the nightmare into a beautiful dream: in the works is a U.S.-Russian trade pact under which Russia would buy $10 billion in capital goods in the U.S. in the first three postwar years...
...harmful to the growth or health of the free enterprise system. That system rests on the premise that capital should go where it is most needed, and that this usually is determined by where it is offered the highest rates of return. When one particular business or industry is overbuilt, rates of return drop; where another is underbuilt, rates of return rise. It is the working of this principle that has kept the intricate relationship of one business to another in balance while we grew to be the greatest industrial country in the world. An arbitrary fixed return would draw...
...indexes (airlines, railways, busses, boats), more people went to Florida this year than ever. But less big money went there, or at any rate was spent there. That portion of Miami, Miami Beach and kindred spots which was built for and catered to the big-money trade found itself overbuilt (Miami Beach alone had 42 new hotels), spreading a rich business too thinly among too many hungry operators. Favorite explanation : the defense boom had kept many a well-heeled businessman at home, minding his contracts...
...white herd's favorite watering hole. Its Jumbo was the Stevens, "World's Largest Hotel." Built in 1927, the Stevens has 3,000 rooms (one man could spend eight years in it without twice sleeping in the same room), 1,500 employes, 40 miles of carpets. Overbuilt and overcapitalized (cost: $28,000,000) by its promoters, Ernest J. and Raymond W. Stevens, the Stevens began to totter in the first tremors of 1929. Panicky, the Stevens brothers began sluicing funds from their father's insurance company, Illinois Life. But this was just a bag of peanuts...