Word: panic
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Dates: during 1930-1939
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Keynote excerpts: "In the midst of panic, ot Depression, of insidious corruption, and cynical sacrifice of the common welfare for the profit of the exalted few, Democracy has kept the faith. . . . Its day has come...
...political troubles; but, armed with the authority of centuries, he may also assume high complacency as he did last month in inviting all Christendom to re-turn to Catholicism. He may, further, agree with vigorous America which said:' "The truth seems to be that our enemies are in a panic. . . . The note of alarm is everywhere patent. The triple statements of Pope Pius XI on education, the family and economics showed the world that the Catholic Church contains a complete body of truth unassailable in logic...
Great economic reforms move slowly. It was 25 years after the panic of 1837 before the National Banking Act was passed. Six years after the Depression of 1907 the Federal Reserve System came into being...
...reporting how the Mayor of Urbana, Ill., as anxious to help banks as N. C. C., closed down all unnecessary business until fear of panic had subsided, TIME fortnight ago erroneously stated that First National Bank of Urbana had failed. The bank closed only in accordance with the Mayor's order, is now open as usual for business...
...last week the First National Bank of Urbana, Ill. failed. Panic spread. Mayor Reginal Carl Harmon sat up most of the night with the city councilman and economic professors from nearby University of Illinois. At dawn, he issued an edict suspending all business in the town for five days excepting only food, drug stores, public utilities, newspapers. And the following night he said...