Word: overextends
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Dates: during 1930-1939
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...which nearly all Chinese have shown to Chiang Kaishek, "The Great Unifier." His entourage last week put the blame on Neville Chamberlain, attributed the Japanese drive on Canton to collapse of British prestige at Munich and predicted that not only will the Cantonese fight but their resistance will so overextend Japan that it will cost...
...plummet from last summer's high is the swiftest decline in the history of U. S. business and finance. It is remarkable because the big, obvious factors which are usually held responsible for economic retrograde- swollen credit, top-heavy inventories, unmanageable surpluses-are not in existence. Business did overextend itself last spring, just before the President dampered the roaring commodity boom. But in large measure the principal cause of the Recession appears to be purely psychological, the result of Capital's mass pessimism about the future, and a consequent reluctance to make future commitments. The Recession is also...