Word: hysterias
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There was hysteria nowhere, though a few overzealous merchants hoped to cash in on any they could stir up. "War is not around the corner, it's here!" shrilled Dallas' Alexander Motor Co. "What will you do? Play safe or be caught with an old car?" Even without such a shock treatment, there were people who, remembering World War II shortages, rushed to get on new car waiting lists. Tire sales zoomed, but there was little evidence that housewives were stocking up on groceries...
...next day, the big investment trusts began to buy. The market climbed to 209.08, and some traders thought the war hysteria had finally spent its force. At the start of this week, trading was light. Down some 19 points from the bull market high, the market had lost in one week all the progress it had made in five months. An estimated $8 billion in paper values had been wiped...
...triumph was premature. Slowly, the anxiously watching world saw sign after sign that there was still plenty of fight left in the South Koreans-and in the U.S. First, General Mac Arthur's Far Eastern headquarters in Tokyo called reports that Seoul had fallen a result of "war hysteria," announced that only "isolated forays" of the enemy had reached the suburbs of the South Korean capital. Then came encouraging reports that the Southern army had rallied, had hurled a furious counterattack at the invaders and turned them back from Seoul. Several towns to the north of the capital were...
...same day, Dr. George Pettitt, assistant to President Sproul, stated: "We don't like the idea of oaths--nobody does--but, on the face of the cold-war hysteria we are now experiencing, something had to be done. We feel the public is entitled to know how the Regents and the faculty feel about the question of loyalty...
...past few years there has been a perceptible move to the right in the U.S. Today few citizens fail to see the menace of Communism. Some, however, both moved and confused by the charges of Senator McCarthy and others, have compounded the hysteria which says that any man is right who cries antiCommunist...