Word: peakes
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Dates: during 1950-1959
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...first years after World War II, businessmen expanded to catch up with existing demand; in 1952 they expanded to meet future demands, on which they put no limits. U.S. business had climbed to what it thought to be a peak, only to find that it had reached a broad plateau and that the peaks were still ahead. The forecast for further expansion was not based merely on arms-spending. It was predicated as well on a continued and continually surprising population increase...
...small electronic part, engines could not be delivered to North American Aviation and powerless Sabre jets had to be lined up in long rows outside the plant. War production fell so far behind schedule that the schedules themselves were cut during the year so as to lower the peak of the arms program and stretch it out well into 1956. Even so, production lagged 5-10% behind the reduced schedules. The chief responsibility for this rests almost wholly on the Truman Administration, which wanted visible civilian prosperity and no civilian hardships to bolster its campaign slogan: "You never...
...buildings they represent." Many companies listed on the New York Stock Exchange, if liquidated, would pay two and three times as much cash as the listed price of their stock. At year's end the Dow-Jones industrial average sold at only twelve times earnings v. a peak of 20 times earnings...
...Eisenhower's first goals will be to try to balance the budget by trimming spending. On the military side, barring a spread of the Korean war, the peak in military appropriations has already been reached though the rate of spending will continue to rise, since spending lags behind appropriations. Arms appropriations, up to $48 billion in the current fiscal year, are scheduled in the new Truman budget to drop to $41 billion in the next fiscal year. If & when he balances the budget, Eisenhower plans to cut taxes, though he may face a fight from those Congressmen who want...
...Atlanta's Trust Co. of Georgia: "Businessmen have more confidence in the future than they have had in a generation. They will be willing to take more risks with the possibility of earning better returns." Arms-spending is still on the rise, and when it reaches its peak in 1953, it will level off and continue at a rate of $53 billion a year till mid-1955. Buying power will also increase; recent wage boosts will add an estimated $7 billion to 1953's in come. And the U.S. consumer has a record $283 billion of accumulated savings...