Word: babbittism
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Dates: during 1920-1929
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...educate them beyond the three K's was foolish and dangerous. The result of Mr. See's bull was to increase the endowment funds of Adelphi College (the specific object of his wrath) and to delight the many thousand intelligent Americans of both sexes who love to catch a Babbitt out of bounds...
...plan for national control of education in any degree whatever, to the exclusion of local control, is vicious. It means another department, another set of insulating bureaucrats and a complication in the mechanism of administration. The word 'unAmerican' has still a certain meaning, in spite of Mr. Babbitt and his journalistic friends. It describes a point of view out of all harmony with the basic principles of the National Government. And in that sense of the word this entire attempt to place in the Administration at Washington control over the immediate concerns of the several states...
...alone Wall Street, but the entire country is now engaged in conjecture as to the exact interpretation to be placed upon this pronounced advance in commodity prices. While Mr. Babbitt is immensely cheered at the immediate business prospect in 1923, yet the disastrous memories of 1920 and 1921 are still fresh in his mind; he is wondering whether business is entering into such another swift and unhealthy " boom" as he experienced in 1919 and 1920. For the most part, anxiety on this score seems groundless. The 1919 boom arose from the world shortage of goods after...
Three main considerations should, however, serve to temper Mr. Babbitt's complacency. In the first place financial conditions in Western Europe, and especially in Germany, are in many respects becoming more rather than less chaotic, and until the credit and currency of this important part of the world are stabilized, America too must suffer in some degree. Secondly, certain fundamental lines of business in this country aro not yet on a satisfactory basis, chief among these being our vast agricultural, coal and railroad industries, and the current housing and rent situation. Thirdly, the cycle of business, now evidently rising...
...George Follansbee Babbitt in his contemplation of the rising tide of business. (See page...