Word: depressionitis
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Dates: during 1950-1959
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Dollar Hoard. Avery is tucking into his "bank" every possible dollar in preparation, for the depression which he has confidently predicted for the last five years. When & if the depression comes, Avery will expand. He figures that he will get much more then for his dollars (but he has overlooked...
While waiting for the depression, Avery has lost out on the boom. In the past ten years, though Ward's profits have doubled (to $54 million), its sales (up 75%) have done little more than keep pace with rising prices (the cost of living has jumped 64%). At the...
The reason for the mild nature of the possible depression, he said, is because "the rate at which defense spending drops in pretty much within the control of the government and can be adjusted to changes in economic conditions."
During the Depression years, he changed jobs quickly: 1929, head of the Spanish and French departments of the local high school; 1930, junior master of Boston Latin School ("Since everyone there was called a 'junior master' the title didn't mean anything"); 1931, master (one of 15) of a grammar...
In 1894, when George Meyercord and his brother Henry set up shop in the backroom of a Loop barbershop, only about $100,000 worth of decals a year, mostly German imports, were used in the U.S. Meyercord carved out a domestic market by making decals for bicycle, sled and sewing...