Word: peak
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Dates: during 1940-1949
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During the war, California Shipbuilding Corp. built 467 ships worth some $1,000,000,000. But shortly after V-J day, Calship's payroll dropped to 800 from its wartime peak of 42,500; its 14 ways were sold for lumber. Calship President John A. McCone and Board Chairman Stephen Bechtel found themselves heading a company reportedly worth $14,000,000, most of it in cash. With nothing to make, they wanted to find a use for their cash...
...production of military explosives employed only 400 workers, accounted for less than 2% of Du Font's total sales. During the war, Du Pont built up its munitions capacity to a peak employment of 37,000, produced 4.5 billion pounds of explosives (20% more than the Allies used in World War I). But even in wartime, military explosives accounted for only 25% of Du Font's total production v. 85% in World War I. The rest comprised neoprene, nylon...
...even airmen admit, the greatest hazard to safe, speedy flying is the weather-beaten air. Item: fortnight ago the pilot of a fogbound American Airlines flagship piled into a California mountain peak, killing all 27 people aboard-the worst commercial air disaster on record. This accident would perhaps never have happened had all the war-born safety devices been in general...
...collected an average of $3,400,000,000 a month in taxes, chiefly because payrolls and business activity have held up far better than anyone expected. In February, the Treasury took in $3,678,000,000, not far below February last year when war production was at its peak...
...their land), and instead of sinking all their World War II profits in new land, farmers were using it to pay off mortgages on the old. Now, almost half of U.S. farmers own their land outright and mortgages on the rest are down to $5.5 billion, half the peak...