Word: panic
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Dates: during 1940-1949
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Young Conrad, the second of eight children, went to private schools (Albuquerque's Goss Military Institute and New Mexico Military Institute at Roswell), and to college for two years (New Mexico School of Mines). When father Hilton was wiped out by the panic of 1907, he started taking roomers into the family's modest adobe dwelling at $1 a day, and Connie helped him. But it wasn't what young Hilton wanted. He went into politics and, with the help of a well-organized graveyard vote ("the best people in the county"), was elected...
...good segment of the sports world is having itself quite a panic over the television "menace": as more and more promoters and arena owners cry out that the new entertainment medium is grabbing too many dollars out of gate receipts. What throws the whole thing into confusion, however, is the fact that there are powerful voices on the other side who are booming television as the greatest thing that's happened to sports since the coming of radio...
...nation's economic "panic of 1907" made the Corporation promptly decide that anyone except the business man would be too hard to place. So on October, 1908, the Business School alone opened its doors, and 33 students started courses as candidates for the newly-minted degree of Master of Business Administration...
...Panic spread fast as news of the state of siege exploded over Bogota. Tanks rumbled into the plazas. Rifle-toting troopers turned Congressmen away from the Capitol. Rumors spread through Carrera Septima crowds that Liberal leaders had been assassinated. Panicky shopkeepers slammed down their iron shutters. People stampeded. One woman, asked why she was running, answered: "Because everyone else is." An Austrian who had seen Dollfuss take over Vienna in 1932 said: "It is not only the same but exactly the same...
From the bell's first ring, it was panic; by day's end an incredible 16,410,030 shares had been dumped, capping the selling that had wiped out an estimated $25 billion in stock values. Not until 2½ hours after the market's close did the tickers catch up and carry the final sale. There was no longer any attempt by bankers or anybody else to stem the collapse. In just six days the whole world of easy prosperity had been buried...