Word: krystal
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Dates: during 1960-1969
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Civil rights have come so far in Atlanta that no one bats an eye any more when Negroes are served side by side with whites at Krystal restaurants, a chain that sells 100 hamburgers all over town. Yet only 17 months ago, Connecticut College Coed Mardon Walker, 18, was considered such a menace when she joined a sit-in at a Krystal counter that she was arrested for trespass and hauled before Fulton County's terrible-tempered Judge Durward...
Only recently, Dr. Krystal told the American Psychoanalytic Association, have economists recognized that the market curves reflect psychological swings, but they are still making the mistake of looking for psychological explanations in the realm of the rational...
...Krystal sees it: out of his unconscious needs, the investor wishfully attaches "magical feelings of omnipotence and omniscience" to the government, big corporations, and even the stock exchange itself. "The anxieties of the consumer" drive him to periodically reendow his salesman or broker with an aura of authority and safety that was shattered as recently as the last time his stocks took a tumble...
...says Dr. Krystal. feels guilty about making too much money too easily. "In June 1962 many people were expecting a depression to set in and were preparing to 'tighten the belt' with some eagerness and relief. The Peace Corps, admirable in purpose as it was. represented a form of asceticism resembling a St. Augustine-like renunciation of riches and vows of poverty. There seemed to be a growing feeling that we had had it 'too good too long,' and that the time had come to pay the price." To the analytic-minded psychiatrist, there seems...
There were. Dr. Krystal admits, some reasons for the market's slump that at first sight appear purely financial. But these realities, he insists, came into play only in a way dictated by the emotional needs of the investors. Many speculators, says Dr. Krystal. use the stock market as an outlet for their aggressive impulses. It is one place where they can make "killings" without conscious guilt. But at the deeper, unconscious level, he argues, the guilt builds up along with the wealth, and every boom must inevitably be followed by its reaction of widespread emotional depression that leads...