Word: panic
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Dates: during 1940-1949
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...insidious danger of "lethargy, defeatism and rumor." Declaring that the impending dangers are being faced "in confidence, indeed in pride," he opened a campaign against rumormongering. It had been verified that "They say . . ." stories had caused the evacuation of several French villages and had thrown thousands of peasants into panic, and even as Duff Cooper spoke, a creepy story circulated in London about a nun in a railway carriage who stooped to pick up a newspaper and revealed to horrified passengers a man's hairy forearm. With "wide powers" to stop rumormongering, police went to work. A news vendor...
Thus on the air over 20 West Coast stations goes Tonight's Best Buys, radio's big rummage sale. In Hollywood six stenographers answer six constantly jangling telephones, type out names, descriptions, prices of the items offered, provide an offstage, panic-on-the-stockmarket sound effect. Wiry, fast-talking Narrator Sam Pierce offers the goods to the radio audience, tells how to reach the would-be seller. One-third of the odds & ends offered are bought...
Week II of Hitler's war against the West was also week II of a Wall Street panic. Down another eight points went the Dow-Jones average of 30 industrials to 114.75. Volume of stocks dumped totaled 10,370,000 shares, against over 17,000,000 shares moved during panic week 1 (TIME, May 27). One reason why the panic slowed down: most shoestring margin accounts, many small, outright holders, were already sold out. Furthermore, bargain hunters held off in the hope that stocks like Bethlehem Steel might soon be given away closer to 40 (when...
...Continued panic, wiping out untold collateral behind all kinds of business & personal loans, would force many a small security holder to drop insurance policies, mortgages, autos, just as though a major depression were getting under...
...Such panic losses are cutting deeply into the capital that will be needed to finance public & private investment for National Defense...