Babson outlook for 1945 strategic shifts in US economy
Babson’s 1945 forecast expects farmers income near 1944 levels, mining down 5 percent, petroleum up, iron and steel down 10 percent, chemical output down, lumber up 3 percent, paper and shoes flat, industrial employment down 7 percent, factory payrolls down 10 percent, construction rising 24 percent from 1944 lows, retail trade falling especially for luxury items, power output down 3 percent, railroad freight mileage down 14 percent. US and Canadian index levels show a dip. war production slows, reconversion accelerates, inventories held at price values, and population grows in 1945.
MENTIONED IN THIS ARTICLE
United States
Japan
Forecast of 1945 Economy and Farm Outlook
The article surveys 1945 trends across prices, rationing, and farm outlook. It anticipates higher retail prices for many goods, continued rationing early in the year, mixed wholesale declines, and a focus on peacetime material costs. It predicts record corn and wheat harvests, rising dairy volumes, shifting hog and cattle slaughter, and debates over parity legislation and taxes amid a likely Republican-Democrat coalition in Congress.
MENTIONED IN THIS ARTICLE
Congress
Postwar Economic Forecasts for 1945 Including Trade and Markets
The 1945 outlook covers retail demand shifts with indies apparel and luxuries falling while groceries rise. Woolen cotton textiles see demand, and a 1945 stampede to discard ersatz goods leads to widespread mark-downs. Some factories urge delaying purchases until 1948 amid fierce postwar competition.
MENTIONED IN THIS ARTICLE
Altoona
New York
N.Y Cleveland
Ohio
Davenport
Iowa
San Jose
Calif
Wich
Ita
United States
England
Russia
British Empire
Germany
Japan
Stalin
Moon Peak Passes As Argentina Faces South American Turmoil
Pleasant Hill obituary notes Howard Arnold, 9, shot by a family shotgun while hunting a Christmas gift. He slipped, the gun fired, and he died from blood loss. The column reflects postwar religious revival amid global tensions and renewed calls for divine guidance in world affairs.
MENTIONED IN THIS ARTICLE
Argentina
Pleasant Hill
Howard Arnold
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Roger W. Babson
General Business
Sudro-Curtis Ambulance
Sears
Broad Street
Stour Market
Armed Services
Roosevelt
Peace Commission
New World Organization
Italy
Marshalls
Lake Erie
Daroffe
Tex Michaels-Stern
God
Bais
Alpagora
Sean Bn Erquira
Poal
Reece
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