Word: florenz
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Dates: during 1990-1999
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...Florenz Ziegfeld produces the first of his 24 famed Follies...
ECONOMIC BACKDROP This was the decade of Jay Gatsby, Florenz Ziegfeld, the rise of the American middle class and unbounded optimism. Following a postwar depression in 1920-21, the economy bounced back with a vengeance, growing a torrid 30% in the next two years. And money succeeded in holding its purchasing power as inflation averaged a less than 1% in the decade. The boom filled federal coffers. The 1920s was the last decade in this century when the federal budget ran a surplus every year. The national debt shrank from $24 billion to $16 billion. Taxes were reduced...
This week the public will get its first look at the most spectacular fruit yet of the area's renaissance: the unveiling of the Walt Disney Co.'s $34 million restoration of the New Amsterdam theater. Originally built in 1903 and famously taken over by Florenz Ziegfeld 10 years later, it is, after its refurbishment, one of the grandest and most mind-bendingly ornate theaters in America, an eclectic melange of Art Nouveau and other turn-of-the-century ornamentation and a triumph of the restorer's art. Disney is hoping the New Amsterdam will be an economic triumph...