Word: cred
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Dates: during 1950-1959
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Citation: "You had to earn your way through college as a waiter in the Men's Residence dining hall . . . Your success up to that point and since may be cred ited not only to the beckoning opportunities which the American way of life provides but also to the dynamic quality of personal development which strives for the summit of a chosen career." Stevens Institute of Technology Rear Admiral Hyman George Rickover, developer of the atomic sub marine Sc.D...
...this situation, the tightening of cred it had a "more potent effect than was gen erally expected," the President's report granted. When business began to dip, the Administration saw the trend, and promptly reversed its credit policy. The report called the year's economic movement a "minor contraction." It was the kind of postwar economic shift that occurred in 1949, but it was less severe...