Word: depressionitis
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Dates: during 1950-1959
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Stevenson's summation: "The big economic problem ahead for the U.S. is to arrest the drift and assure the steady growth of our economy. During the 20 years of Democratic government, the country made big strides toward protecting itself against another terrible depression."
Candidate Warburton has made his campaign along Eisenhower Republican lines. He points out that the Eisenhower Administration has lived up to its mandate by ending the Korean war and averting a peacetime depression. He argues that employment is up 4% over 1949, the last peacetime year of the Truman Administration...
DURING World War II the U.S. spent $15 billion to build the mightiest merchant marine the world has ever known. But the peacetime U.S. merchant fleet has floundered along on a course of argument, scandal, and poverty until now both shippers and shipbuilders face the stormiest sailing since the Depression...
"I Said Yes." The son of an osteopath, Jim Price quit Indiana University's business school during the Depression, in 1937 went into business drumming up loan prospects for Prudential Life and selling houses on the side. One day, says Price, "somebody asked if I'd could sell...
Died. Robert Lee ("Muley") Doughton, 90, longtime (1911-53) Democratic Congressman from North Carolina, chairman under Presidents Roosevelt and Truman of the powerful House Ways and Means Committee; in Laurel Springs. N.C. A self-made rich man (livestock, banking), shrewd, backwoodsy "Farmer Bob" took over the tax-initiating Ways and...