Word: depressionitis
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Dates: during 1950-1959
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Morehead Patterson (Yale '20, Oxford, and Harvard Law School '24) joined his father's firm in 1926 after he had taken a one-year fling at the law. He watched the company, with its cushion of royalties, sail through the Depression, paying dividends every year. But he...
One trouble is that such expressions as "depression" and "recession" have become bad words, particularly among politicians, and are never to be used if a nicer word can be found. Thus, a whole new vocabulary has evolved. In the new jargon, a recession can be a "rolling readjustment," a "correction...
Where does recession end and depression begin? New Dealing Economist Robert Nathan defines a depression as a sharp decline that lasts a few years. A decline that lasts only six months to a year and a half could be called a recession. To Nathan, depression means 7,000,000 to...
The second method is preferable. IF compulsory testimony brings to light a present conspiracy dangerous to national security, it will have been worth it. If, as is far more probable, it shows that collaboration with Communists was born of depression and the war against Nazism, and died with the Cold...
Evans broke the old man's fanatically artistic spell by taking clear, cold, head-on pictures of ordinary people and things. "After Stieglitz's real work was done," says Realist Evans, "he became a very arty old man and a Wagnerian man if there ever was one-a...