Word: marketeers
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Dates: during 1930-1939
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...time Dr. Carroll has used the drug with remarkable success on four other staphylococcic patients, including a baby. "No toxic symptoms or signs ascribable to this drug were seen," reported Dr. Carroll, "except for a slight nausea." About the future of the drug, which is not yet on the market, he hazarded no comment. Last week sulfamethylthiazol was tried on two Staphylococcus victims in a Midwest hospital, and on one in Manhattan, with hopeful results. But still restrained is the cautious enthusiasm of physicians, who cannot commit themselves on the drug until it has been tried on many more patients...
Then something happened to Dick Knight. One autumn Manhattan's stock-market collapsed; but it was not that. He began to drink hard, and kept it up for seven years; but it was not that either. It was a delusion of grandeur, he thought later, brought on by too much money and power: that and boredom, the emptiness of going through the same old triumphs. Dick Knight began to act in a way that no longer amused anybody. He threw his weight around, wrecked his friends' apartments, kicked the windows out of a taxicab, got arrested on Fifth...
...Republic), was sitting on the boards of 20 great corporations (utilities, steel, paints, hotels). That year he helped undermine the foundation of the tottering Insull empire by selling Sam Insull a huge block of stocks in Insull companies for $56,000,000, about $6,000,000 above its market value. His financing, in the hardbitten, buccaneering tradition of the Coolidge Era, took on a heroic cast because it brought to the Middle West its share of control of American Industry. Admiring Clevelanders called him "Cyrus the Great...
...understood that Russell, dignified by the title of Assistant to the President of the University, will travel extensively, making contacts with educators and establishing Harvard's position in the market for academic talent...
...between 1939 and 1929's production and employment figures. At 120 the production index virtually duplicated 1929's peak (126), but 1939's unemployment is around 9,000,000. This is largely due to the fact that some 500,000 new workers come into the labor market each year: October's nonagricultural employment (34,649,000) was only 1,492,000 under 1929. For with a growing working population it would be perfectly possible to have employment and unemployment increase at the same time...