Word: spurts
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Dates: during 1960-1969
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Biggest educational spurt is among U.S. Negroes. In 1940 only 8% of nonwhite adults had completed high school; last year 20% had done so. And while 80% of nonwhites were illiterate just after the Civil War (and Negro emancipation), the figure is now sharply down...
...strike would be followed by a big rush of businessmen to rebuild inventories that would further squeeze credit, boost interest rates and perhaps nip the boom. But the Commerce Department announced last week that the inventory total in the fourth quarter remained about level. Though there was a December spurt in inventories, it was not as big as expected. The Commerce Department now expects that inventories will accumulate by the end of the second quarter at an $8 billion rather than a $10 billion rate, thus spreading out buying and making growth more steady through 1960. This is already partly...