Word: soaring
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Dates: during 1910-1919
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...reaction from all this starts with the strained efforts to keep up with increased business and the consequent rise of the average cost of production. Interest rates soar and the efficiency of business management falls off on the top of the boom because the offices are too busy to pay attention to details and small wastes. Then there is an increase in long time borrowing, closely followed by a rise of interest and a complaint of tight capital. This in turn leads to a reluctance to make further investments and an increase of demands for short time loans. The last...