Word: 1930s
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Dates: during 1960-1969
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...facts of history contradicted these unrealistic assumptions. For centuries, he pointed out, the economic cycle had gyrated from giddy boom to violent bust; periods of inflated prosperity induced a speculative rise, which then disrupted commerce and led inexorably to impoverished deflation. The climax came during the depression of the 1930s. Wages plummeted and unemployment rocketed, but neither the laissez-faire classicists nor the sullen and angry Communists adequately diagnosed the disease or offered any reasonable remedies...
...Keynesian "classical" economists had thought of the government too. But almost all of them had contended that, in times of depression, the government should raise taxes and reduce spending in order to balance the budget. In the early 1930s, Keynes cried out that the only way to revive aggregate demand was for the government to cut taxes, reduce interest rates, spend heavily?and deficits be damned. Said Keynes: "The State will have to exercise a guiding influence...
Back in the 1930s, surrealism was hot news, with its limp watches, ovarian vegetables and chance encounters between sewing machines and umbrellas on dissecting tables. Last week, in what amounted to an unexpected revival, two practitioners of that sleight of art were back on the boards in Manhat tan, looking for all the world like the ghost of Christmas Past...
Died. Murray ("The Camel") Humphreys, 66, political liaison man for the Chicago crime syndicate, who first made it to the top of the mob as a labor racketeer (dairies, laundries) in the 1930s and 1940s, in recent years lived luxuriously in Chicago and Key Biscayne, Fla., dodging appearances before Washington crime committees; of a heart attack, four hours after his arrest on a perjury charge; in Chicago...
...notion struck him-or very, very bad; he was always at his best when he had a bet riding on the game. Nagurski was a runaway truck who was lucky to be bigger (at 230 lbs.) than most of the people he had to run over in the 1930s. Grange was a 165-lb. scatback, who never ran over anybody at all. Like Brown, he was accused of being a shirker at blocking: "All Grange can do is run," was the classic comment-to which Bob Zuppke, his coach at Illinois, retorted: "All Galli-Curci can do is sing...