Word: credititis
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Dates: during 1920-1929
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...Crooked Bust: A business man deliberately uses his credit to obtain excessive loans or merchandise, conceals his assets from the court, defrauds his creditors...
...National Association of Credit Men blames the apathy and ignorance of unorganized creditors for bankruptcy malpractices...
...subtle metamorphosis has come to pass since 1914. Not often or loudly, nowadays, is the House of Morgan called sinister or arrogant. Among men generally credited with helping this change is Thomas William Lament, who became a Morgan partner in 1911. But even more credit has gone to Dwight Whitney Morrow...
Without being profound, this remark was perhaps quite as characteristic and quite as adequate as the single sentence which Tycoon Morgan was persuaded to utter in 1924, just after he had granted a credit of $100,000,000 to stabilize the tottering French franc. Said he then- and could he wisely have said more?-: "France has taken the necessary steps to stabilize the situation in the face of all contingencies...
...sold to Germans in 1926, as against 60,000 in other years. The tycoons were scared. Therefore they organized an "American Campaign" of high-pressure salesmanship, something unprecedented in the Reich. Salesmen rambled through the countryside with trucks full of pianos, selling and delivering on the spot, selling on credit, shouting, pleading, browbeating...