Word: guardism
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Dates: during 1930-1939
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...noticed is the relative steadiness of the market, since under the S.E.C. short selling in a declining market is impossible. Formerly, bankruptcy of such a large house would have caused a speculative wave of selling. Second, Mr. Whitney marks a milestone in the rapidly disappearing element of "old guardism," which is seeing the eradication of its laissez-faire doctrine. With the triumph of governmental control comes the end of an era in which historians will include both the prosperity of the twenties and the barrenness of the thirties...
...direct and challenging that the President has yet made over the radio since he took office. But like all speeches concerning a matter so controversial as the New Deal, it gave aid and comfort to sympathizers, disposed with proper scorn of those whose objections are based on more Old Guardism, and failed to answer the sound objections of those who agree with Mr. Roosevelt that something has had to be done, but disagree with his solution...
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