Word: reactionism
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Dates: during 1920-1929
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...stockmarket, which has lately been the band ahead of the Business Prosperity Parade, a purely technical reaction has occurred. Meanwhile, industrial and commercial news continues to grow more favorable. Commodity prices at wholesale are experiencing a sharp rise. Gasoline is being marked up. The steel industry is operating at about 85% capacity, while other metallic industries are doing well. Automobile companies, despite keen competition, anticipate good business this coming year. Except for a handful of roads, among them the St. Paul, the railroad outlook is singularly good. Moreover, the absence of sensation in business at present is a sign...
...chief ideal of the American people is idealism. I cannot repeat too often that America is a nation of idealists. That is the only motive to which they ever give any strong and lasting reaction. No newspaper can be a success which fails to appeal to that element of our national life...
...athletics. Most significant of all, however, is the growth among a small section in some Universities of a leisured attitude to learning. Business America still demands a business education, but the new gentlemanly class, having made the excellent discovery that business is not everything, have begun, by way of reaction, to express contempt for any knowledge which can possibly be of any social utility. Among this class (still a small one) the older kind of "Oxford culture" is therefore the fashion, and, in spite of the fact that America has the finest indigenous architecture in the world and that Gothic...
...clock.--Sun now eclipsed in path of totality. Stars now clearly visible. After a minute or so the reaction will set in and the moon will pass from the sun's face...
...When the period of reaction is over we shall realize the responsibility of providing education for all the children of the United States...