Word: growth
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Dates: during 1960-1969
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...ROTC civilianizes the military and thus serves a democratic purpose. It is an argument which originated in the 1920's and 1930's, when the relatively simple level of training required for military duties still permitted something approximating a true citizen army. Since the Second World War, however, the growth of military technology has carried with it a new emphasis on the recruitment of career officers through ROTC. Even more importantly, the same expansion of technology, and the diffusion of military production throughout the American economy, have tended to obliterate the distinctions between civilian and military styles of thought...
...shooting to be a corporate structure, a single unit of power--in influence, money, and talent," Archie Williams, president of Freedom Industries, explained. As an independent entity within the community, Freedom Industries can efficiently channel its energies toward creating a growth environment in the black ghetto...
...than ever. Its plans to investigate the riots in the ghettoes were preempted by the highly publized Kerner Report and the findings of two Senate groups. The Presidential commissioner has replaced the Congressional prosecutor in the Washington spotlight. Another factor in HUAC's eclipse was the Wallace campaign and growth of the American Independent Party. Presidential politics provided a more attractive, more visible expression of discontent that a HUAC committeeroom...
...resulting in far less Government-generated economic demand. Meanwhile, the Federal Reserve Board has moved to tighten the money supply. After growing at an annual rate of more than 7% in late 1968, the supply rose at a 3.7% rate in January, and is expected to show even slower growth in February...
...feeling that inflation is inevitable may finally be giving way to a touch of welcome uncertainty. In Paris last week, Federal Reserve Board Governor Andrew F. Brimmer predicted that the economy's real growth, which reached 5% last year, would slow to a rate of 3% or less by the end of this year. But many other economists and corporate policymakers predict an appreciably higher-or lower-rate of growth. When opinions divide and uncertainty becomes widespread, decision makers begin to act with caution, holding back buying plans. That tends to retard economic growth and inflation...