Word: weres
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Dates: during 1950-1959
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¶ Western Europeans built more than double the number of housing units than the U.S., at a time when U.S. builders were hammering away at a near record 1,350,000 new homes.
¶ Britons were learning the conveniences of two-car families, and economists predicted that their standard of living would double within the next 25 years.
THE economic news of 1959 was that, in a year when the U.S. reached new heights of prosperity, the fruits of high production and resourceful salesmanship were at long last shared and enjoyed by a multitude of other nations.
Despite the new riches, no one regarded the world through Utopian spectacles in 1959; desperate poverty was still a condition of life in many lands. Nevertheless, even the humblest of nations could at least look ahead to the 1960s with hope. There were two reasons for this. In their new...
One encouraging sign at year's end was that U.S. exports were already on the rise again after their slowdown. Wage costs in foreign nations were also on the rise, narrowing the foreign advantage over the U.S. Now that the alarm has been raised, many a businessman is not...