Word: slump
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Dates: during 1940-1949
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...almost forgotten phrase sounded loudly again last week. It was "seasonal decline." In Akron the Goodyear Tire & Rubber Co. cut production 30%, and other tire companies followed suit. It was the "normal" winter slump which, before the war, was common to the industry. But it was the first time it had happened since the war. Said Goodyear: ". . . The big postwar demand has been filled...
TIME, the Weekly Newsmagazine, was first published March 3, 1923. It was a year of intermission. The war, the great debate over the League, the postwar boom and slump were moving off the stage. The U.S. was bewildered at the erratic behavior of women, Senators, prices, adolescents, Russians. Things, it was felt, were due to settle down...
Decision to abandon plans for the long-proposed trip came when the Club's main foreign backers indicated that high costs in transportation, food, and lodging, coupled with a recent slump in concert audiences, would render "inadvisable" any tour for at least a year...
...Communist legions would soon launch a major offensive which might lead to civil war by April 15. Other alarms came from a less intellectual but intensely French quarter. In Paris, 5,000 midinettes, shivering in thin coats, protested against their dismissals by Paris dress houses (which were suffering a slump despite the New Look). Cried clothing union leader Alice Brisset: "Hardy measures are needed...
Nipped. Personal income reached an alltime high of $197 billion last year, up $20 billion over 1946. But the upswing, said the Department of Commerce when it announced the figures, had been nipped by the commodity slump (see above). Commerce predicted a drop in income, especially among farmers, in the first part of this year...