Word: depressionitis
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Dates: during 1950-1959
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Died. Myron C. Taylor, 85, industrialist, philanthropist, representative to the Vatican for Presidents Roosevelt and Truman ; of pneumonia; in Manhattan. Ready to retire at 50 from a successful business career as a textile executive, Taylor was launched on a second career by his friend J. P. Morgan, who urged him...
Hazel-eyed Phil Ford was no novice at the entertainment game either. When he was a kid around Alameda, Calif., his aunt ran a dancing school, and the Depression saw him doing soft-shoe routines at small theaters to help buy the family groceries. World War II dumped him into...
No informed investor thinks that there is the slightest risk that the Treasury will not be able to raise funds on some kind of terms. But Treasury officials know that their financing problems are a great deal bigger than outsiders realize. The chief source of the trouble is deficit spending...
Before and during the Depression, U.S. labor battled bravely and sometimes bloodily to win its rights and correct imbalances. But the victory was so complete that the rights were soon woven into everyday U.S. economic life. Meanwhile, the laws drawn to protect underdog labor came to serve, in big segments...
Roy Chalk should know. He has run up a $10 million-plus fortune by making every dollar turn over many times-through borrowing. Son of a Russian immigrant shopkeeper, Chalk grew up in The Bronx (his neighbors were George and Ira Gershwin, and he fielded sandlot grounders batted by Lou...