Word: panic
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Dates: during 1930-1939
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Steel began to issue its backlog figures shortly after it was founded in 1901. On Nov. 1 of that year the backlog was 2,380,000 tons. Just before the 1907 panic the figure was 8,489,000. At the start of the War it was 3,787,000 but by 1917 had climbed to an all-time peak of 11,711,000 tons. On Sept. 30 Steel's backlog hit an alltime low-1,775,000 tons...
...bonds. People will not buy bonds (or exchange bonds soon to be paid off for new long-term bonds) unless they have confidence in the value of the dollar. The implication of the offering was obvious: radical currency inflation has been put off at least until April 15. Paper Panic. Many a sound money man breathed easier. No confidence have financiers in "controlled" inflation of the currency. In spite of the dollar being off gold and selling at 60-odd in international exchange, the dollar is still a dollar to John Citizen, is still backed by perfectly sound government credit...
...informed its members that if the Government's war against crime was to be successful, constitutional guarantees should be suspended, local police should be Federalized, all legal technicalities which shield criminals should be swept away (TIME, Sept. 11). The A. B. A. lawyers were thrown into a professional panic until Attorney General Homer Stille Cummings arrived, disavowed his subordinate's speech, promised to deal with crime in a sound constitutional manner...
...Vegas, Nev. With little formal schooling he became a teacher, then a principal, then president of Iowa's State Agricultural College. With no newspaper experience he bought and edited the Seattle Post-Intelligencer, made money on the side from mines, steel mills, realty. Wiped out in the panic of 1893, he went to the Orient to recoup, spotted a chance in Korea where rich ore deposits were being crushed by hand, got concessions, sent for U. S. machinery. First to grow cotton in the Anglo-Egyptian Sudan, he unfolded one evening at the White House dinner table a glowing...
...regrettable that press reports of scientific interest in the sleeping sickness epidemic in St. Louis should have produced a psychological effect equivalent to panic through the country. Schools, especially, in this area, have that to combat...