Word: effect
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Dates: during 1940-1949
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...almost impossible for the American traveler to prepare himself adequately for the changes in today's Europe or for austerity's effect on the splendid, self-disciplined people of Britain. In spite of the multitude of controls the British have to submit to every day now, the resilience of Britain's industry and workers, as I saw it in the plants I visited, is very impressive...
Rumors have circulated to the effect that the Committee may have in mind shelving the whole matter until a later date when construction costs drop to a lower level. Saltonstall refused to answer all specific questions but did confess that he considered building expenses today "quite high...
...Harvard ensemble will be black helmets with Crimson stripes sweeping back from the front to give a Viking effect...
...credit belt last week. It ordered its 7,000 member banks to put up some $1.9 billion in additional reserves. It was the second time FRB had used the new anti-inflation powers granted by the special session. (The first was tightening of installment credit, which goes into effect next week.) As banks lend about $6 for every dollar they have on deposit, FRB's order, in effect, cut the lending power of banks about $12 billion...
Showdown. None of the previous credit tightening had had much effect. For example, when Congress dropped some of the easy credit for housing last spring, builders gloomed that it would take the steam out of the housing boom. They were wrong. Last week, the Department of Commerce reported that new construction had hit an alltime high of nearly $1.8 billion in August, 31% higher than a year...