Word: depressionitis
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Dates: during 1950-1959
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Despite these weaknesses, a full-scale depression along 1929 lines appears highly unlikely, Harris continued. With government expenditures still at near-record high, a better pattern of consumption and spending spread throughout the economy, strong farm supports, and a more enlightened attitude toward economic problems on the part of the...
Benton dates his rise from the Great Crash: "Because of the breakdown of our economic society in 1929 and the early 1930s, the effort to come out of the Depression occasioned a terrific concentration on America -what it meant, what it was composed of, why it was the way it...
Claude C. Williams' middle name is Clossee, but it might as well have been Trouble. The son of a Tennessee dirt farmer who was half Cherokee Indian, he made up his mind to get an education and become a minister. At first his favorite theme was "Eternity-where will...
1 remember the terrible Depression of 1930-32 . . ." Douglas did not mention the fact that, in 1949, President Harry Truman and Truman Economist Leon Keyserling called a worse slump "an inevitable adjustment," "a transition period," "a moderate decline."
In the '30s, when "economic royalists" and "privileged princes" were blamed by F.D.R. for the Depression, the basic New Deal tax policy was to boost taxes in the upper brackets, keep them light on the "little man," and thus try to spur consumer spending and get the wheels of...