Word: shrank
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Dates: during 1960-1969
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Friedman blames unknowing monetary policy in large measure for the magnitude of the Depression of the 1930s. Partly because so many banks failed between 1929 and 1933, the U.S. supply of money shrank by 33%?and that compounded a worldwide economic collapse. The Federal Reserve, which took a narrow view of its responsibilities, felt itself almost powerless to reverse the tide of events. Not really understanding what should be done, it did practically nothing to offset the contraction of the money supply...
...source of concern to many businessmen-has been building up for months. The trend of retail sales has been flat almost all year. During the twelve months that ended last July, sales rose less than 2% while prices advanced nearly 4%, meaning that the actual volume of retail trade shrank about 2%. Though retail sales climbed above last year's levels during the latest week reported by the Commerce Department, most of the increase reflected the early introduction of 1970 auto models (see story...
...majos the ligne universitaire initially caught the imagination of the students. But after its aborted attempt to prevent the Sorbonne visit of Prime Minister Segni of Italy, l'UNEF steadily dechned in influence. With 100,000 memoers out of a student population of 250,000 in 1961, l'UNEF shrank to barely 50,000 out of a student population of 600,000 shortly before the student revolt...
...hold until 1960. During his first decade as union chief, economic conditions and his own mistakes almost destroyed the U.M.W. Faced with difficulties, he sought to offset bad publicity by launching a witch hunt for supposed Communists in the union. Between 1920 and 1930, dues-paying membership shrank from more than 400,000 to fewer than...
...latest bulge in Germany's foreign trade started three years ago, when a credit squeeze followed by a recession shrank domestic demand. In response, German businessmen turned to aggressive selling abroad. The economy soon rebounded, but recession-cut German prices never caught up with those in other countries. For industrial products, Germany's principal exports, many prices not only failed to rise but actually fell. Retail prices of electric ranges, washing machines, refrigerators, watches and TV sets declined slightly in the past year. The 2½% increase in the consumer price index over the twelve months through last...