Word: recessional
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Dates: during 1950-1959
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The economy was moving along so briskly last week that some businessmen were beginning to worry that there might be too much of a boom. Warned Manhattan's First National City Bank: "With the problems of recession behind them, businessmen will now need to be alert to the problems...
The rush to buy sent manufacturers' sales in April smashing through their pre-recession peak, reported the Commerce Department last week. Sales reached $30.2 billion v. $29.1 billion in March, and new orders also set a record by climbing $800 million above March. For this reason-and other signs...
President Eisenhower's popularity, which dropped to an alltime low during the 1958 recession, has bounced back to its highest point since the summer of 1957, when Ike was pushing hard on his atoms-for-peace plan. In reply to its standard question ("Do you approve or disapprove of...
As the businessmen met, the latest statistics from Washington underscored their forecasts. Gross national product was rising even faster than the preliminary estimates, reached an annual rate of $467 billion for the first quarter of 1959. More important, the gain was real: with hardly any price rise to speak of...
M.I.T. bought heavily into steel after the war, when most other funds shunned it as a prince-and-pauper industry, saw its hopes for steel realized when the value of its investment grew from $65 million to $142 million. When the recession began in 1957, M.I.T. reckoned that it would...