Word: peakes
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Dates: during 1950-1959
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...signs indicated that the boom was still steaming along. Construction hit an alltime peak of $3.3 billion in July. Electric output, reflecting the high rate of industrial activity, set a new weekly high of 8,460,427,000 kilowatt-hours. Auto output for the first seven months of the year was at a record 3,852,624 units. Deposits in mutual-savings banks hit a new high of $23.6 billion. Even farm income, for months the most glaring weak spot in the economy, was off only 5% from last year to $12.6 billion in the first six months. And rosy...
...peak (in 1948), Communist Party membership among U.S. teachers was about...
...wealthy owner of a New York department-store chain (Alexander's) and a collector with a special interest in 17th century Dutch paintings, had snapped it up for $42,000. London's dealers thought the price too high: though Rembrandt's genius was at its peak in his late period, the picture is not one of his best efforts. But Farkas was not disturbed by the critics. Said he: "I'll keep it a couple of years, then give it to some museum. I feel every good picture should find its way to a museum these...
...bigger U.S. debt: the money borrowed by individuals and corporations (which, incidentally, supports the greatest peacetime boom in history). For houses alone, Americans have gone $84 billion into debt; to expand and modernize, industry has borrowed $200 billion. Altogether, while the national debt has remained near its wartime peak since World War II, private and corporate debt has more than doubled, to a record $330 billion, or $4,000 for every man, woman and child in the country. Are Americans getting in over their heads? Will the boom collapse under the weight of private credit...
...construction in the first half of 1953 hit $16 billion, highest level in history. Even new residential building hit a new peak, in spite of the tightening of mortgage money and a drop in building...