Word: modernism
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Dates: during 1920-1929
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...Krutch, the author of "Edgar Allan Poe" and "The Modern Temper", spoke Sunday night at the Ford Hall Forum in Boston, where his subject was "The Drama from Ibsen to O'Neill...
That nearly every stock was at bargain prices by any modern economic standard was best shown by the fact that very soundest stocks were selling at ten times current earnings and many a stock such as that of the General Motors Corp. reached a point where it was only five or six times current earnings. And General Motors, according to the once unchallenged statement of John J. Raskob, should sell at 15 times earnings. Quite aside from their relation to earnings many stocks sold at a point where their actual yield in dividends was higher than the yield of bonds...
That such a large sum of money has been accumulated in such a short time, a matter of a few weeks, reflects the range of interests in which the modern university is dealing. In the case of the Columbia bequests, this tendency towards diversification is brought out in bold relief. There is a gift from the Carnegie Foundation for a School of Library Service, a gift for the study of political prognostication, a bequest for research in food nutrition, for research in sub-tropical medicine, and others of equally diversified nature...
...tendency towards such diversification in the fields of college research, while in keeping with the advance of modern science, is fast breaking up what is left of the homogeneity of the university of today. Moreover, it does not seem as if the problem of modern research was being administered in as efficient way as possible. In the welter of new chairs of various sciences which are being founded in the universities of the country, there are bound to be many duplications. Among graduate schools specializing in certain fields there are many whose aims and methods of teaching are the same...
...systematically by the ablest body of men which could be assembled. It would obviate the parallelism which exists in the graduate schools and research laboratories of the country's colleges, and would enable science to pool its resources. Perhaps even most important it would simplify the administration of the modern college, which of recent years has become a monster on unwieldy proportions...