Word: phenomenon
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Dates: during 1940-1949
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...Revolution of Sorts. At the bottom of the crisis was a by now familiar phenomenon-the yawning "dollar gap," i.e., the fact that Britain, like most of the rest of the world, spends more dollars than it earns in the U.S. The British have tried to meet the situation by more production, increased exports, by cutting dollar expenditures, and rigging bilateral trade deals with nondollar countries. The chief trouble (in U.S. eyes) is that the British are poor salesmen, do not adapt their products to what is wanted in the U.S. and have prices which are far too high...
...already become aware of a recurring national phenomenon. Like the trial of Alger Hiss for perjury and the trial and conviction of Judith Coplon for espionage, the Government's case in Foley Square hinged directly on the searching investigation of thousands of U.S. citizens made by the FBI under its director, J. Edgar Hoover...
...Shriners' annual conventions are one noisy manifestation of a quiet and widespread U.S. phenomenon. Fraternal societies, which dwindled during the depression and war, have flourished anew. This year they occupy a good deal of the leisure time of almost a quarter of the country's adult population...
...rods," souped-up racers built from jalopies, have been an American phenomenon since the '20s, when used cars first became available in big supply. After World War II, which choked off the sport during gasoline rationing, it came back stronger than ever...
...this quest has arisen the lustiest, fastest-growing phenomenon in U.S. finance: the investment trust, notably the "open-end" or "Boston-type" trust. Though the ailing securities market in general is barely breathing, the nation's investment companies sold $80 million worth of their own shares in the first quarter of this year, an increase of 26% over 1948. Said Edmund Brown Jr., president of Manhattan's fast-selling Fundamental Investors, Inc.: "May was the biggest month in our history and June was almost as big. Last year's business was around $10,000,000; this year...