Word: dows
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Dates: during 1950-1959
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TIME'S first bull in June 1948 was a shaky, knobbly-kneed calf, not quite sure where he was going. The market stood at only 191.05 on the Dow-Jones industrial average, and many an economist-along with Russia's Kremlin-loudly predicted that the U.S. faced an "inevitable" postwar depression. The bull did go off his feed a bit in 1949, but it was only a mild case of colic. He kept growing and growing, appeared on the cover again in June 1950, as U.S. business kept on expanding to meet the needs of an exploding population...
Investors' Market. Better than anything else, Wall Street's high-flying Bull symbolized the new economic power and stability of the U.S. Within twelve months the Dow-Jones industrials went up 137.48 points from 435.69 to a historic high of 573.17 in the closing weeks of 1958; utilities jumped 20.42 points; rails soared 58.72 points. There were still skeptics who had seen such high-flying stocks and heard such talk of the new prosperity before-in 1929. But in 1929 the market was founded on fantasy, frenzy -and credit. In 1958 the Bull's flight...
...concentrators, but by a decrease in the time each tutor devotes to History and Lit. As a result, the tutors are to an extent less interested in History and Lit and have, some critics charge, very little idea of the field as a "synthetic" discipline. Taylor and Sterling Dow, Chairman of the Committee, have tried to alleviate the size of the problem by breaking the tutorial lunches up into fields, with the tutors in England, America and the other fields meeting in smaller groups. It is probably too early to tell how this system will work...
...present chairman of the Committee on History and Literature, Sterling Dow, does not talk of the field in terms of the synthesis. He predicts that "a new, non-mystical view of History and Lit will lead to more emphasis on the integrity of history and of literature." The value of History and Lit, Dow comments, is the value of knowing both disciplines, of "having two kinds of training, learning about creative art and social study...
...views of Wolff, Gilmore and Dow on this question may be, as Taylor puts it, "idiosyncratic." But the non-believers in the synthesis, if a minority, are a significant one, and there is remarkably little feeling for the fusion among the undergraduate concentrators. Students go into History and Lit, it would seem, in order to get some amount of experience with both disciplines; and most of them probably get nothing more than that out of the field, for the confu...