Word: drastically
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Dates: during 1920-1929
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Some time ago we excluded Chinese laborers; we have legislated to check Japanese immigration; specific cases from other countries are barred and a law was recently passed creating a literacy test for admission. But the query arises: is this enough? Circumstances today warrant drastic measures if our industries are once more to be placed on a firm basis. It would appear that a temporary restraint on immigration would do much to lessen the present plague of unemployment...
...fundamental relations--federal reserve ratios, rediscounting, interdistrict borrowing; but the six months which have elapsed since the peak of the credit stringency have witnessed a much less substantial decline in market rates than occured after previous crises in this country. For this there are several reasons. The drastic liquidation in commodity markets and the serious difficulties in certain export markets have made it necessary to "carry" many borrowers for more or less extended periods--a process not yet completed. Moreover since this was accomplished largely with the aid of the federal reserve banks, the extrication of these borrowers from their...
...football rules committee advised against any drastic change in the present rules, unless possibly restricting the use of the forward pass, owing to the fear expressed in the East that football is yearly growing more and more like basketball...
That is a shrinkage of five billions from last year, but it is an enormous total. Why not think of that? The drastic deflation is painful. In some cases it cuts to the quick, but after all the basic strength of the country remains the same, and in that is the welfare of our people year in and year...
...reduction. Indeed, the people of this country face an alternative. They may continue their reckless extravagance, in which case the price of government bonds will continue to fall. The unwholesome item "loans on government securities" will continue to rise; the government will be unable to sell its certificates; drastic taxation will inevitably follow. Under such conditions the amortization of our national debt would be impossible. As an alternative the people may save. New assets would then be accumulated. The inflation of loans which the Federal Reserve Banks has been fighting to the extent of raising the rediscount rates...