Word: slackly
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Dates: during 1940-1949
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Facing newsmen at an open-air press conference in Key West, suntanned Harry Truman seemed as cool and casual as his floppy blue slack suit. For the time being, at least, the President just wanted to forgive and forget...
...said, "if it works in household industries during slack times in the farm season...
...prices in hopes of starting a healthy downtrend all around, had to change course; they put prices up again. The hope had been that the U.S. would be able to add the burdens of ECA and rearmament without more inflation; that they would merely take up the slack in the economy as it developed...
What little slack there was suddenly disappeared. Industrial production moved up again; the National Industrial Conference Board's consumers' price index shot up to the highest point in its 34-year history; employment, which had been holding steady, began to climb; in July it reached an alltime peak of 61,615,000. The labor shortage, in the words of one depressed Chicago personnel manager, "is worse than steel." And the U.S. had its first $1-a-pound roundsteak...
This did not mean, he warned, that deflation was ahead. While admitting that the postwar backlog of demand for many items had just about run out, Snyder thought that severe shortages in steel and steel products plus a demand for new products would probably take up the slack that was appearing. The economy, said he, showed "encouraging signs of stability in the vicinity of the present high levels...