Word: 1930s
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Dates: during 1960-1969
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...1930s, the Depression economics of Britain's John Maynard Keynes modified classical doctrines, but it still had a whiff of the "dismal science" about it: the internal dynamism of the capitalist economy was gone forever, as Keynes saw it, and permanent government manipulation would be needed to keep the economy from sinking into stagnation. Even after the splendid performance of the U.S. economy in World War II (in part because of planning, in part in spite of it), economists tended to take a melancholy view of what lay ahead, predicted massive transitional unemployment. It was against this somber background...
Support from Treasury. The crazy-quilt tax blanket that stifles the U.S. economy has been patched up but not basically changed since the 1930s, when only one in 33 Americans paid income taxes. With one in four now on income tax rolls, the law needs a thorough overhaul. For example, were all deductions done away with, the Government could raise just as much revenue as it does now simply by taxing personal incomes by 10% and corporate earnings by an estimated 44% (instead of 52%). While nobody is seriously talking about abolishing all exemptions-least of all those for children...
...Columbia, wrote prophetically that "This River in my opinion, wou'd be a fine place for to sett up a Factory." The Columbia became a vital artery of the region's fur trade, and then of the salmon-canning and lumber industries, but only in the 1930s, with the construction of a series of big power dams on the Columbia, beginning with Grand Coulee, did men really begin to tap the Northwest's great industrial potential. The new treaty opens the way to further development of that potential, promises to make the Columbia River region a finer...
...them north into the Communist-held countryside, wildly firing .30-cal. machine guns and 5-in. rockets toward any clump of trees where they thought the enemy might be hiding. Soviet commentators instantly broke into shrill cries of alarm, declared it was just like "the grim days of the 1930s, when fascist birds of prey barbarously bombed Spanish towns...
...born union organizer, bony, greying Renard is a popular hero in the mold of the late Nye Bevan, and just as militant a Socialist. He grew up in the bitter, capitalist-hating 1930s, fought bravely against the Nazis in the World War II under ground. Now he clearly had much more in mind than simply defeating Premier Gaston Eyskens' economic austerity program. He sought the downfall of the regime. He demanded a new socialized pattern for Belgium, with nationalization of industry and central economic planning. He wanted a division of his country into two federated regions-the Walloon south...