Word: depressionitis
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Dates: during 1950-1959
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Combing out Geisha Girls. In Depression's depth, Dodge abruptly told Tom Doyle: "Tom, there isn't enough money coming in to keep both of us. I'm leaving." Dodge's path led back to banking, this time to the vice presidency of Detroit's...
The Economy. During the presidential campaign of 1952, Democrats direly inveighed against the possibility of an economic depression if the people elected a Republican President. After two years in the White House, Republican Eisenhower was able to report that Government controls have been removed, taxes cut, federal expenditures reduced, and...
Since even the two principals were now convinced that their politics were not the issue, the outburst began to quiet. But the Faculty, while willing to forgive, could not forget. One hundred and thirty-one of the nonpermanent teaching staff requested an entire investigation of the tenure system. Even if...
Some Wall Streeters worried about what would happen if the funds should start unloading. But they could not do that without breaking the market for their own holdings, nor were they in any mood to do so. They bought for the long term, well aware that an investor who had...
The march of the robots seemed so swift that C.I.O. President Walter Reuther warned direly of the "depression and chaos" that automation might cause if not instituted under a broad plan. But in the long run automation was bound to boost the standard of living by increasing productivity and creating...