Word: depressionitis
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Dates: during 1950-1959
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Almost the exact sentiments were noted by Sumner Cohen in his biography. "The decision upon graduation to enter the Business School seemed at the time to be a good one. After all, everyone was making millions in the stock market. . . . We were enrolled less than a month when came that...
For those of the Class who has entered the Business School the depression seemed to destroy the very system in which they had invested their futures. But so long as they were in school some of them were forced to drop out when their father's business failed--they had...
A common experience was that of Charles F. Ayers who upon graduation "went to work for the Aberthaw Company of Boston and stayed with them briefly until I became a victim of the great depression of mid-1930. Undaunted and completely ignorant of the economic trend of the time in...
Others were not so fortunate. Many, like Richards H. Crawford, went through "several years of minor odd jobs with liberal stretches at leisure." Warren W. Anthony "searched in vain for two long years for a job connected with radio. There was not an opening anywhere during those depression years." And...
In the 20th century free governments have enormous responsibilities. Their citizens look to them for protection against aerial attack, internal treachery, economic depression. Governments, in turn, must make harsh demands upon citizens.