Word: peakes
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Ball. This enormous outpouring was due partly to the fact that more people were working; the employment peak in 1950 was 62,367,000-750,000 more than the previous high in 1948. But a bigger reason was the fact that almost everybody worked more efficiently. Example: about 15% more workers in the auto industry turned out 23% more cars. And the nation's gross national product (total of all goods and services) rose to $280 billion, up $24.4 billion from...
...better job, labor got a bigger slice of the economic pie; the average U.S. manufacturing wage in 1950 rose 14%, from $56 a week to an alltime high of $64. Corporate profits also scaled a new peak. The estimated grand total after taxes: $23 billion, up about 27% over 1949. As their share, stockholders split their biggest melons in history. But dividends of $8.5 billion were still a much smaller percentage of profits than in pre-World War II years, largely because corporations were pouring so many billions into expansion...
...Must Go Up. By spring, autos were in such demand that customers again had to wait as long as three months for delivery. Makers of TV sets and refrigerators began to ration their output. By June the economy was at the highest production peak it had ever been in peacetime. Industrial production had climbed to 199 in the Federal Reserve Board's index (1935-39 = 100), four points higher than 1948's boomtime top. Employment rose almost 2,000,000 in a single month. In mid-June, the stock market officially blessed the new growth of the boom...
...steel, the basic sinew of war, the U.S. had a capacity of 100,500,000 tons a year (about 12% more than World War II's peak), and was expanding by 9,500,000 more tons...
...rubber, the U.S. had $780 million worth of synthetic plants which did not even exist when World War II began. By mid-1951 they will be producing some 900,000 tons a year (v. World War II's peak of 820,000 tons). Said B. F. Goodrich's President John L. Collyer: "With synthetic and stockpiled natural rubber, the U.S. has enough to meet all military demands for a five-year war and still have enough for essential civilian uses...