Word: depressionitis
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Dates: during 1950-1959
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Twenty-five years of staid, depression spawned life ended for the Class of 1929 yesterday as 400 reunion families poured into Cambridge and poured out good spirits.
Shock & Amuse. During the twenties. Bogart went from one Broadway hit to another as a juvenile in romantic parts. He is remembered by old friends as a "well-behaved, agreeable, serious young man," but one who had no sense of direction. Eventually, setbacks and difficulty seemed to provide him with...
Keystone of the program is the Federal Housing Administration, set up by the New Deal in depression-ridden 1934 to encourage housing loans by insuring mortgages. Not only has FHA helped millions build and repair their homes; it has not cost taxpayers a cent, even made $91.9 million last year...
During the Depression Murchison and his partners kept right on expanding. He formed the American Liberty Oil Co., so named in protest at the Government cuts in oil production (prorating) to reduce the surplus caused by the big East Texas oil strike of 1930. Murchison himself was hard hit by...
Money in the Ground. As the Depression wore on and war approached, Murchison saw inflation coming, sank every cent he had or could borrow into the ground. He worked out a variation of the reversionary interest, applied it to the oil business and made more millions. His trick: to lure...