Word: develope
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Dates: during 1930-1939
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...University of Wisconsin is considering changes which will cure the ills existent under a system of the old school. Students at DePauw are criticizing their government and agitation is being carried on to obliterate politics. The Daily Northwestern runs as a platform plank on its editorial page the program, "Develop a strong, central student governing body...
...cases proves a mistake, for the intervening year or longer is often passed in intellectual stagnation. Northwestern has recognized the importance of keeping constantly before a student the type of material with which he can best deal; under its plan brilliant young students will be enabled at least to develop to a high point their inherent intellectual abilities...
...created a flight from the mark; again, in the Fall of 1930, when the results of the elections caused another flight, and, finally, in the Summer of 1931, when even the moratorium failed to avert an acute financial arises which paralyzed German business. Certainly the inability of Germany to develop a large export surplus must be regarded as a major factor in precipitating the depression in 1929 and in intensifying the depression in the Fall of 1930 and the Summer...
...This failure to develop an excess of imports caused no acute difficulty while loans abroad continued in sufficient volume. But the export surplus was bound to draw gold to the United States in large quantities if, for any reason, the purchase of foreign securities should be seriously curtailed. Trouble started in 1929, when speculation in stocks destroyed the American in stocks destroyed the American market for foreign bonds. Gold began to enter the United States in great began to enter the United States in great volume--our net imports of gold in 1929 were about $120,000,000 causing...
...only temporary and have been largely due to the conversion of foreign bank balances and bill holdings here into gold. The effect is to strengthen rather than to effect our creditor position, which is the basis of our pull on the world's gold. Consequently, we must either develop an import balance or exert a disastrous attraction upon the world's gold supply whenever we fail to lend abroad on a large scale...