Word: normale
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Dates: during 1920-1929
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...large corporations. Recently Mr. Bancroft and some of his assistants have been engaged in making a study of present business conditions, with the intention of making a forecast for the next few years. In a recent interview for the CRIMSON, Mr. Bancroft laid emphasis on the fact that the normal business cycle has been so distorted by the war that the period of depression which business is about to enter will be one of the worst ever experienced by this country...
...this period business has been conducted chiefly on hearsay, and there has been a great deal of seatteration of authority, of 'passing the buck' when it came to making a decision of business policy. The great cry today is to do away with this, and to get back to normal. But what are our prospects of getting back to normal...
When asked through what stages we would pass before business would be back on a firm foundation, Mr. Bancroft replied, "At present we are about 15 to 20 per cent below normal. This condition will last about six months longer, to be followed by a period of flash prosperity, not more than a year in length. This will be due partly to a return of confidence, and partly to a return of inflated currency...
...that the affairs of the world seem likely to get back to something like a normal basis, at least for a while, it may be expected that larger numbers of men and women will be attracted by the opportunities for public service offered by teaching and school administration. It is hardly possible, of course, to emphasize too much the importance of education in the progress of democracy. The United States is certainly far from the stage at which its provision of education is commensurate with the needs of the nation. Men and women of larger ability, broader education, and better...
...formulation of a tax adequate to the needs of the government and at the same time adapted to American society and industry is no easy task. It might be found possible to increase the normal tax rate and arrange some sort of adjustment between the assessments made on the corporation and on the privately-owned enterprise respectively. In any case, Congress will do well to utilize to the utmost the experience of taxation experts...