Word: depressionitis
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Dates: during 1950-1959
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Virginia's Senator Harry Byrd beamed with joy at the prospect of a victory he once thought he might never live to see. Democrat Byrd has long waged unremitting war against the Reconstruction Finance Corp., the huge Government lending agency set up by Herbert Hoover in 1932 as a...
Besides the tax cuts, the budget told other good news about the Canadian economy. The value of the gross national product jumped 7% last year; wages and incomes went up 12%. At the same time, prices dropped, personal savings increased, and inflation appeared to be checked. Said Abbott: "Those who...
He hated the job, but having married his sweetheart, Marion Roberts, and started a family, he couldn't give it up. "I wanted to be a lawyer," recalls Price, "and I only enjoyed what parts of the job had to do with law." When the depression threatened the bank...
The Good Race. The company was founded in 1886 by George Westinghouse, who invented the railroad air brake, proved the usefulness of alternating current, was first to introduce the Saturday half-holiday to U.S. Industry, and ran the company until it failed in the panic of 1907. After a succession...
Hauers described the insurance business as a "steady, practically depression free business" which needs agents to replace older men.