Word: depressionitis
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Dates: during 1950-1959
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In 1923 Meany was elected secretary-treasurer of the New York building trades council and began to be a minor mover and shaker in city labor affairs. With the Depression, construction work in New York almost came to a halt. Along with other union officials, Meany took a 50% cut...
"Work or Starve!" Meany's duties in Albany occupied him just three days a week while the legislature sat. Meanwhile, he found plenty to worry about downstate. The Depression was in full tide, and in the summer of 1935 the New Deal came to the rescue with the WPA...
Are U.S. homeowners getting in over their heads on mortgage debt? At a meeting of the savings and mortgage division of the American Bankers Association in Manhattan last week, a group of the nation's top mortgage experts thought the answer was yes. Some bankers' facts were laid...
The Other Side. Then the bankers heard an opposite view. George C. Smith, economist for the F. W. Dodge Corp., said that the low rate of new-family formation reflects the Depression's low birth rate, predicted that the new-family-formation rate will soon pick up and keep...
In his statement, Galbraith said that buying on the market may reach the type of speculative hysteria which led to the 1929 depression. To forestall this possibility, he proposed that stock buying should be conducted with a 100 percent margin instead of a 60 percent margin.