Word: doughnuts
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Dates: during 1930-1939
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...Doughnut's Hole. "Repeated shocks stimulate fear and hesitation among our businessmen. These fears and apprehensions are unnecessarily increased by that minority of people who would make political capital out of the Depression through magnifying our unemployment and losses. Other small groups make their contribution to distress by raids on our markets to profit from depreciation of securities and commodities. Both groups are within the law; they are equally condemned by public and business opinion...
...Money-Man Clifford Hewitt of Philadelphia went out to China fresh from reorganizing the Philippine mint. Taciturn, he prefers making money to talking about how it is made. But he did talk the Chinese out of coins-with-a-hole. The "World's Champion Mint" will make no "doughnut money." Thus far it has cost...