Word: borrower
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Dates: during 1900-1909
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...America's financial history, and the reasons for her brilliant recovery. Since then, he said, four great incidents have encouraged the economic and financial prosperity of the United States: the great failure of European harvests in 1897; the Spanish War, during which our sound credit enabled us to borrow $60,000,000 from European countries; the sudden increase of gold production; and the enactment of the Dingley tarriff...
...operative societies of "credit" are usually found among peasants, who often wish to make some purchase, and can, if in good standing, borrow the necessary money from the society...