Word: recessional
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Dates: during 1930-1939
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In 1930, although every U. S. State had laws requiring that all children be schooled, some 800,000 U. S. children of elementary school age had no school to go to. Most of them were in poor farm areas that could not maintain a school. Hard times and a slump...
Last spring 347 Yardings were turned down at the first admission. This year the number will probably be greater, since the Housemasters have decided to favor upperclassmen more than they have in the past. Like finding a job in a "recession," getting into a House forces a Freshman to sell...
> To the doctrine that increased Government spending cures depressions: "The national income fell from $73,000,000,000 in 1920 to $53,000,000,000 in 1921. Severe recession. The Federal expenditures were reduced from $5,000,000,000 in 1921 to $3,000,000,000 in 1922 with the...
Income. The President based his estimates on the assumption that Congress will renew excise taxes which expire in June and July. Income taxes, which last year accounted for 42% of all revenue, are expected to suffer from a Recession hangover, but payroll taxes and miscellaneous internal revenues are expected to...
Last week the furniture makers were cheerful as buyers placed orders for Kentwood. Although home-building bucked the recession tide, the furniture industry did not. Furniture follows the general business cycle rather than the building cycle, and the automobile has long since displaced it as Public Want No. 2 (No...