Word: recessional
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Dates: during 1930-1939
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In 1916 U. S. railroads carried more than a billion passengers. Last year they carried less than half a billion. Much of the loss went into trips made by U. S. citizens in their own automobiles. But a big piece was lost to U. S. bus lines and a big...
All these things showed a remarkable restraint on the part of U. S. speculators (save for the "little fellows" whose odd lot purchases have exceeded their sales for the past month). U. S. business still waited to see whether consumption would catch up with increased production, whether real war orders...
By 1937, when Recession set in, Nancy had collected over $7,000. Then William Edmund Scripps, president of the Detroit News Corporation, decided to take a hand. He pointed out that with $1,000 a month in donations it would still take eight more years to raise enough. "Make them...
So far in the war boom production has been greater than consumption and inventories have piled high. Unless belligerents begin to buy on a big scale, or home consumption picks up, an inventory recession is inevitable. In this delicate situation, the outcome, he estimated, would be determined by whether businessmen...
But instead of an increase in U. S. buying (which had gone up steadily since 1934), there was a heavy decrease. Japanese sales to Sears, Roebuck fell off 70%, sales to five-and-ten chains dropped, sales of silk and Japanese textiles tumbled. With a good start, Japan's...