Word: wave
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Dates: during 1950-1959
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...uraniums all plunged to their lowest levels since 1954; the industrial index hit a 2½-year low. Next day bargain hunters swept into the market and share prices staged the biggest rise in the exchange's history, but the steam soon went out of the buying wave. As in the U.S., where Wall Street had a similar case of the shakes (see BUSINESS), prices seesawed indecisively for the rest of the week. Shares listed on the exchange lost $5 billion in paper values since the market's June peak...
...explosion of the atomic bomb and the realization of its fearful effects brought a wave of American sentiment for maintaining a monopoly over nuclear weapons. The Atomic Energy Act of 1946, the nation's first legislative pronouncement on the problems of nuclear control prohibited the resident from sharing nuclear secrets with other nations. Public hostility only deepened in the next few years with the discovery that the British scientists Fuchs, Nunn May, and Pontecorvo had successfully spied for the Russians...
...University of Pittsburgh Law School, published A Republican Looks at His Party when serving as an efficient but little-known Under Secretary of Labor. Ike read the book while recovering from his ileitis operation, was impressed by Larson's carefully reasoned thesis that "New Republicanism" was the wave of the political future, that New Deal Democrats were as out of tune with the times as William McKinley. After his recovery, Ike called Larson in for long, searching talks, made him a presidential speechwriter, later personally boosted him to the high-candlepower ($21,000) job of director...
Just in case Kadar has not succeeded, the regime has launched a new wave of arrests to head off any threat of trouble on the Oct. 23 anniversary of Hungary's rebellion...
...from Australia to England. Some 20 windjammers hauled anchor down under at the start of that race in 1932, but by 1949 only two were left to make the run: the Pamir and her sister ship, the Passat. One by one, the others had fallen foul of wind and wave and the economic pressures of their own huffing and puffing competitors. But even though the world of commerce chose to bypass the windjammers, there were many, particularly among the hornyhanded sailormen of northern Europe, who cherished the brave tradition they represented, and insisted that only sail could train a sailor...