Word: slowdowns
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Dates: during 1970-1979
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...largest sources of the harmful phosphates was common laundry detergent, but the levels have now been lowered by law in every state and province bordering the lakes except Ohio. The result has been not only the lessening of unsightly deposits of suds along rivers and beaches, but also a slowdown of eutrophication, the nutrient-induced aging process that eventually chokes lakes with algae and other plant growth...
Lewis A. Armistead, a Harvard community relations official, said yesterday he thought the ordinance was probably responsible for the slowdown. "I think they are not going ahead with the ones that weren't vacant by August," when the ordinance was passed, Armistead said...
...then Treasury Secretary, W. Michael Blumenthal, strongly disagreed. He argued that the slowdown was only momentary and that demand for money and credit would soon be rocketing all over again. That is precisely what happened. With people increasingly following an impulse to "buy now before the price goes up," spending began to roar anew in midsummer. Consumers once again crowded into supermarkets and stores while businesses began to borrow at a breakneck clip...
...chances of such a crunch developing would be somewhat higher if the Federal Reserve continued its now discarded practice of trying to manage the money supply by juggling interest rates Reason: in a slowdown, demand for money necessarily eases off at least somewhat and interest rates subside. But to keep those rates stable, the Fed would wind up slowing and slowing the growth of money until suddenly it would be creating nowhere near enough new money...
Despite record interest rates and a business slowdown, U.S. inflation continues to gather force...