Business: BOOM!

Largely a convenient fiction is the statistical notion of "normal business." When depressions end, booms are usually just around the corner. Last week with Depression vanishing into memory, the portents of BOOM drummed excitingly throughout the land. Declared the president of the potent New York State Council of Retail Merchants, John C. Watson, in a Manhattan speech: "We are moving into a feverish time of activity during which our business machine is likely to become more complicated than ever. The boom stage is not here yet but we are so near it that...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!