Word: nationalities
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Dates: during 1920-1929
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...undoubted loyalty, holding the regard of all the world as a mighty power, stable, secure, respected. The people are prosperous, the standards of social justice were never so high, the rights of the individual never so extensively protected. . . . No one would claim that our country is perfect. . . . Yet . . . a nation, which has raised itself from a struggling dependency to a leading power in the world, without oppressing its own people and without injustice to its neighbors, in the short space of 150 years, needs little in the way of extenuation or excuse...
...certainly has not been for the purpose of endowing an aristocracy with wealth. It has been fostered and encouraged by the Government in order to provide the people at large with sufficient incomes to raise their standards of living to a position worthy of a free and enlightened nation...
Prosperity, a Test. "The test which now confronts the nation is prosperity. There is nothing more likely to reveal the soul of a people. History is littered with stories of nations destroyed by their own wealth. It is true that we have accumulated a small but a blatant fringe of extravagance and waste, nourished in idleness, and another undesirable class who seek to live without work...
...fear of the Allies that Germany would be outlawed from world trade and hence unable to pay her debts, seems to have been without foundation. And there is at least one paradox in the spectacle of the wealthiest nation in the world pausing long over a half billion dollar loan to her own merchant marine, while Germany needs a foreign check-rein to keep her from staking her last cent on German enterprise...
Binding the U. S. are 62 chain store systems. Besides 5 & lO? stores, there are stores for shoes, furniture, music, drugs, cigarets, candy & food. As they profit, so profits the nation. Their condition is accepted by statisticians as the nearest to an infallible arrow of prosperity or decline as exists. Last week 30 of them reported that their ten months' receipts to Nov. 1 were $843,292,700-more than the business in 1926 by $106,-471,445. Accordingly, the U. S. is better off industrially by 14.45% than...