Word: recessional
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Dates: during 1930-1939
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Fortnight ago Chairman Alfred P. Sloan Jr. of General Motors Corp. told a Senate committee that "America's production plant is obsolete," that industry should be stimulated to substitute new machines for old, thus increase production and lower prices (TIME, Dec. 19). But outright expansion, rather than improvement, is...
Last week figures from abroad indicated a slight leveling off in business, but London's famed financial sheet,The Economist, remarked: "We cannot conclude that the downward trend in British business has been reversed. . . . In France, where for some months rising wholesale prices have paradoxically countered falling industrial production...
An example of Hollywood's recent Recession-prompted hunt for old stories available for revival, The Shopworn Angel illustrates one consequence: in the effort to remain consistent, the Hays organization has failed to censor material which it passed in 1929, although the characters involved scarcely meet the moral requirements...
Mistakes. "It makes no difference to me whether you call it a recession or a depression." But Depression II was not like Depression I. The national income, having risen from 1932's low of 38 billion dollars to 70 billions in 1937, was now, he hoped, going down only...
Uncle Dan. To the general excitement and enthusiasm in Washington was added the voice of Secretary of Commerce "Uncle Dan" Roper. Recession psychology, said he, had now become "a shadow of its former self." Forgetting the President's metaphor and mixing his own still further, he added: "Economic skies...