Word: depressionitis
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Dates: during 1950-1959
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The biggest problem facing the American businessman today, alsop continued, is an adjustment to "a government which must exert great power over the business community. The average businessman," he stated, "is still living in the era of little government, believing himself controlled rightfully only by natural laws." This period of...
Inge's attitude toward religion was strongly mystical−at least eight of his 30-odd books deal with one or another aspect of mysticism. His attitude toward the world was strongly pessimistic; though he always objected to it, his nickname, "The Gloomy Dean," was well earned. Long before...
For all its brevity, the dialogue does catch the Fitzgerald atmosphere of American expatriate life in Paris during the depression. Unfortunately, the two characters who most represent this slow degeneracy don't look their parts. Robert Reid--playing a painter who doesn't paint, but who does drink--is too...
Agriculture does not obey traditional laws of supply and demand. Drouth can suddenly shut the valve in the supply pipe; military crises and fluctuating foreign markets unsettle the demand. Because framers may be caught in a severe depression while the rest of the economy prospers, Democrats and Republicans alike have...
But in periods of depression, when supply exceeds demand, the formula would defeat the purpose of price supports: it would reduce supports just when increased payments are need to produce inflation. Flexibility, therefore, cannot be tied to a formula if it decreases depression insurance.