Word: depressionitis
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Dates: during 1950-1959
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For many a British businessman, expansion holds about as much allure as an undercooked kipper. But red-mustached, 66-year-old Frank Perkins thrives on it. In the depths of the Depression, when most British businessmen dreaded any venture beyond the lawns of their country estates, Perkins boldly marched out...
Riches to Rags. The son of a prosperous steamroller manufacturer, Perkins had an early lesson in business failure. After Rugby, Cambridge and a World War I stint in the Royal Engineers, he went to work for the family firm, rose to managing director. But the Depression flattened the steamroller business...
With $34,000 capital-mostly borrowed -he hired two mechanics and a boy helper, rented the ground floor of a private house and went to work. Says Perkins: "In a depression everyone is watching everyone else and not doing anything. If you can get going then, you have them all...
¶ That the foundations were responsible for some sort of "revolution" that began in the early '303. This charge was made by the committee's research director, Norman Dodd, who, says Rusk, blandly ignored the influence of the Great Depression and two world wars. "Since the foundations have...
Migros now has 289 grocery stores-145 of them self-service and ten of them fancy supermarkets-as well as nine butcher shops, three clothing stores, and 70 sales trucks that service rural areas. And Migros has revolutionized other fields as well. In the Depression Duttweiler signed up a number...