Word: panic
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Dates: during 1940-1949
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Week 1 of Hitler's war against the West was too frantic, and passed too quickly, for its real effect on U. S. business to become visible. But the first impulse of many a U. S. businessman was to get liquid and cancel his commitments. A selling panic hit the stock and commodity markets. But Hitler's victories also started a U. S. National Defense boom towards the blueprint stage...
...frightful to Wall Street was the spectacle of Hitler's revolution-on-the-march that no amount of advance discounting of Allied defeats seemed likely to forestall a fresh panic with each German victory, although the national defense program-for the first time of mass-production proportions-seemed to promise a capital goods boom. New Deal economists in Washington calculated that 1940-41 national defense spending should boost the Federal Reserve Production Index as high as 145, from its present...
...different story was told by those strategic commodities (especially rubber & tin) of which the U. S. is short and may be shorter at the whim of Japan. Spot rubber held during the worst of the panic "at around 23?, ended the week down only 2∧ because of general liquidating pressure...
This has been a beautiful May day in Paris, with the horse-chestnut trees in blossom, and a rosy sunset over the Tuileries. Tragic splendor. Paris in magnificent. No nervousness, no panic. Paris waits in sad eagerness,. dramatic but sober expectation. The nation knows the danger, but knows, too, that it is fighting its won battle and the world's we are confident that the battle will become a victory. Goodbye, my friends. I do not say good-night. Tonight we cannot sleep...
...ersatz that shoes the wheels of Nazi military equipment, it is not yet ready for commercial production, nor have other synthetic rubbers made in the U. S. yet been shown commercially usable for tires. Last week, surveying its tiny stock pile, the U. S. rubber industry went into no panic, said not a word about the possibility of higher prices for tires. But the headlines helped speculators raise the price of spot rubber from 20? to a high of 25? a pound...