Word: panic
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Dates: during 1920-1929
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...York has been building too fast. The boom is inflated. Rents are coming down. A severe and slow panic impends"?such was the concurrent drift of remarks made a fortnight ago by Walter Stabler, Comptroller of the Metropolitan Life Insurance Co., and of a wise old Manhattan banker, Clarence H. Kelsey, who has seen all the "hard times" in 40 years. They added that they would lend no more money for New York City building...
...cause of this "buying panic"-which did not assume dangerous proportions-was twofold: 1) Finance Minister Loucheur had just presented the Chamber with the first draft of a new tax bill expected to raise eight billion additional francs per annum, by increasing the taxes on alcohol, business transactions and practically everything else; 2) The franc slipped down last week to 27 to the $1, a new low record for the year. The relative stability of numerous foreign currencies, prompted the harassed Jean to transfer his currency into pounds, gulden, Scandinavian kroner, U. S. dollars...
...General Sarrail was reported in the French press as alleging that the British consul at during Damascus the had "nearly created as panic" during the recent French bombardment of that city (TIME, Nov. 9), and had sent distorted reports to London on the situation...
...spokesmen" aboard the Sphynx "quoted" General Sarrail as follows: "I had the situation well in hand in Syria. . . . Then we were attacked at Damascus by rebels . . . and as I could not surrender the town there had to be fighting in the streets. . . . The British consul very nearly provoked a panic when I told him that I must bombard the Moslem quarters of the town. . . . The romantic versions of the affair in the English press indicate that somebody wanted to give the public its money's worth. . . . The French Government has always received full reports from me, except during three...
...technical condition" of the stock market became very weak; news of the Boston Reserve Bank's rate advance was enough to topple the motor stocks over in a record day of 3,400,000 share sales. Because of this unprecedented volume, many ignorant people concluded that a panic had started. As a matter of fact, nothing of the sort developed. The smash in motors was simply a large-scale reaction in a strong "bull" market, as proved by subsequent events. In succeeding sessions of the stock exchange, prices steadied and in some cases shot upward to new high levels...