Word: consumerization
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In the White House, Harry Truman probably did not need any polls to show him that times were tough. He politicked like mad. Boss Frank Hague of New Jersey dropped by, and so did ex-Price Boss Chester Bowles, who offered all his help. National Chairman Bob Hannegan talked strategy...
Employment was at a high: 58,000,000, including 10,000,000 war veterans. Farm income, business profits, dollar volume of industrial production were all at new peaks. So were income payments to individuals: $167,000,000,000 a year. So was consumer spending: $126,000,000,000 a year...
It was a splendid achievement, said the President. But he also wanted to sound a sober note of warning. Said he: "I hope every businessman, worker, farmer and consumer will take to heart this sentence [from the report]: 'An all-out emphasis on production of finished goods and on...
The Rubber Game. In the cluster of twelve companies these men boss, AVCO has a line of consumer's products ranging all the way from self-sterilizing toilet seats to marine engines.* It has a smoothly functioning distribution system to sell them. And it has a fat backlog in...
>Output of almost all consumer goods was higher in August than in July. Autos, up 10% to 241,000, and refrigerators, down 1% to 218,000, were still behind prewar rates. But output of trucks (105,500 in August), tires (7,100,000), electric irons (608,000) and radios (1...