Word: givens
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Dates: during 1920-1929
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Parisian Novelist Francois Mauriac: "It is lucky the jury was chosen among people not given to the habit of reflection. For myself, it would have taken me about a year to make up my mind...
...grain. This is 10% more than last year, will amply suffice to feed the Red Army and the proletarian population of Russia's cities throughout the winter. "Let us rejoice and sing!" cried the Peasant-President, motioning to the orchestra leader. "Once more the good Russian Land has given us plenty of bread...
...symphony orchestra exists unaided by great-hearted guarantors and, miraculously, without deficit. Last week the Lincoln players gave the first concert of their fourth season. Again Rudolph Seidl, onetime oboist in the Minneapolis Symphony, conducted his 40 colleagues, all of whom receive union wages. Again there will be given four Sunday afternoon concerts sponsored by the junior division of the Lincoln Chamber of Commerce...
...broken, to denounce speculators as fools and speculation as vicious. Yet a few die-hards (such as Yale's Irving Fisher) maintained, even after the Crash, that quotations had never become so weirdly out of touch with reality as prophets-after-the-event were quick to label them. Given a profound conviction that the future of U. S. industry was boundless, that there was no limit to the potential value of U. S. securities, where could the line be drawn between farsightedness and folly? Speculation is the shadow of industry thrown forward on the wall of the future...
Causes of this undermining were: 1) Warnings from the Federal Reserve Board and other prophets of disaster?warnings which, scoffed at when given, nevertheless filled the Market with a conviction of sin. 2) A period of almost two months (since the Babson Break early in September) in which it had taken strychnine-injections to push quotations ahead. The September slump (currently almost ignored in favor of the peculiar theory that the Market crashed without warning) was of tremendous importance in its indication that a Market which could survive only by constant rises had reached the limits of its climb...