Word: depressionitis
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Dates: during 1950-1959
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An Old Label. Despite the favorable comparison to 1949-50, there is much more political talk about the present situation. Chief reason: Democrats hope to use the slump to tie the old "Depression" label on the first Republican Administration in 20 years.
This week Dave Beck, president of the A.F.L. Teamsters union, declared that "the auto industry is in the worst shape it has been in 30 years." He said anyone with cash in hand can walk into a new-car salesroom and buy an auto at up to 30% off list...
The '30's were especially eventful. A controversial parody of Esquire brought University wrath, and the building was padlocked for a short time. Cambridge police found the most objectionable item a drawing of a voluptuous nude entitled "What the Bride Will Wear." And the depression also brought financial difficulties, to...
The assault was sustained the next day by White House Chief of Staff Sherman Adams, who told the Republican National Committee: "The attempt by these political sadists . . . to talk this country into a depression [is a] perniciously evil device [for] attempting to destroy the confidence of the people in our...
Unlike some fellow Democrats, who have been fearing doom and depression, Harry Truman seemed willing to recognize the facts of U.S. prosperity. In fact, he chided the Administration for lacking the courage of its convictions: If the U.S. is more prosperous than ever, Truman said, the Administration should not say...