Word: depressionitis
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Dates: during 1950-1959
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Pittsburgh Sir: Your choice was a logical one. Only a man with such driving spirit and high ideals could have lifted a nation from the doldrums of depression and put it in the forefront of a struggling world-truly a great man.
(for Herbert) Curtice: "No depression is in my vision, [though] competition in 1954 will be strong. Consumer expenditures should continue at substantially the present high levels." To meet-and provide-the competition he was talking about, said Curtice, G.M. plans to spend $1 billion on expansion.
Such executives elect are in particular demand now; in the last 20 years, an ever-decreasing number of young men (and, to be sure, women) have entered the banking and finance field, obviously because of the depression and the war. Thus, banks themselves predict a great influx of younger administrators...
This seems doubly certain because of the mounting wealth, productive capacity, population, and because of the increasing complexity of business. Economists say that small business and consumer credit will particularly feel the expansion. any unemployment stemming from depression and the concomitant closing of banks will probably be negligible because of...
At no point in his analysis of the 1929 crash does Clark mention the collapse of the huge, artificially bloated stock-market balloon nor the careful measures taken since then to prevent a repetition of this phony boom. Thus, his "complete list" of depression causes not only lacks the chief...