Word: nationalization
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Dates: during 1930-1939
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...Harvard's expansion into a university with national connections was the most conspicuous phase of its development. In 1938, the multiplication and strengthening of these connections is still one of the most significant features of Harvard's expansion. But although the game is yet in play, Harvard can look with satisfaction upon the large score already rolled up. Today, it draws its students from every section, every state of the nation. It has gone far in combatting regional misconceptions and prejudices. Each year, it does a little more to erase the stamp of sectionalism, to substitute the much prouder national...
...sterilized gold-gold which it will now remonetize. This will eventually give the Treasury $1,400,000,000 in cash. When this gold is spent-as gold certificates deposited to the Government's account in Federal Reserve Banks-it will add an equivalent amount to the nation's credit base. The unused part of that credit base (excess reserves) will then swell from $2,400,000,000, to which it was enlarged by lowering reserve requirements, to a record...
...reckoning comes. The further we go in the direction we are now heading, the longer and more severe will be the period of suffering when we attempt to get into reverse--or if we do not reverse, when we come to the inevitable crash. The hope of the nation lies in Congress, backed by an articulate citizenry, to continue to take action and assume leadership...
Closest check on the flow of U. S; money, blood stream of the nation's economy, is kept by the Federal Reserve Board, and it publishes weekly reports fully as baffling to the average citizen as a doctor's statistics on blood pressure. Last week the Federal Reserve Board reported an increase of $65,000,000 in the total of money in circulation ($6,394,000,000) whereas $24,000,000 is the regular rise for that time of the year...
...have reached the point as a nation where we must take action to save the Constitution from the court and the court from itself...