Word: billion
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Dates: during 1930-1939
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Hardly had his appointment been announced when he declared: "We must have a treaty navy second to none. The United States must cease leading the disarmament movement by example." He pushed the Vinson Bill authorizing construction of 101 new ships at a cost of half a billion dollars; he upped the Navy's enlisted personnel to 100,000, authorized the creation of aerial landing facilities on Guam, Midway and Wake Islands, threatened to fortify all trans-Pacific naval bases if Japan won parity with the U. S. By the end of 1935 he could say: "I am pleased...
...revealed that he had devised a new way to make synthetic rubber from butane gas. Butane, used for heating, welding, motor fuel, is extremely plentiful and cheap. It is present in natural gas, is also a by-product in oil refining. Dr. Egloff estimates that from these sources 15 billion pounds of U. S. butane are available every year...
...peak of $594,603,470. Two years later during the famed investigation which sired the Securities Exchange Act, Inquisitor Ferdinand Pecora brought out that at that peak the "United group" controlled 22-to-23% of U. S. electric production, some 22% of gas output; and that its half billion dollars of common stocks had brought under Morgan domination a utility empire* ("worth...
...Continuation of the stabilization fund (created in 1934 out of a $2-billion paper "profit" from the devaluation of the dollar) which is used to protect the exchange value of the dollar from violent fluctuations during crises...
...agriculturist but now talks economics with some assurance, hooked his pince-nez on his nose and looked a twelvemonth ahead. Prosperity, he told his economic experts in the Treasury, would be back in 1939. By prosperity he meant something much closer to 1937's $69 billion national income than to 1938's recession income of less than $65 billions. Last week, while Henry Morgenthau was waving out the old fiscal year, the Commerce Department issued its figures on national income for the first five months of calendar 1939: it showed national income running at the rate...