Word: slump
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Dates: during 1930-1939
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...sense the originator of the credit club to fight the fears and panics of a Depression (FORTUNE, Jan. 1932). As director of the War Finance Corp. after which R. F. C. is patterned almost item for item, he evolved and put to use his economic theory in the 1921 slump. He knows to a nicety how many millions or billions of dollars one needs at one's elbow to annihilate this or that bugaboo of deflation. It may not be necessary or practical to use them all but psychologically their very handiness makes them effective...
...alleviate the present depression but also to forestall future recurrences of the same nature is most commendable, but the complete prohibition of speculation on the fall of prices would do more harm than good. Only a narrow-minded person would believe that short sellers alone could cause a major slump of values. Their defenders point out that they exert a restraining influence on unwarranted optimism and expansion and that they usually buy heavily after a defiation of prices. Depressing security values by false rumors is a great evil, but it is no greater than the artificial stimulation of confidence...
...report, was led to believe the commission had granted, at least in part, what the roads had asked for. A telephone call from Washington sent rail shares bounding up on the New York Stock Exchange. When the whole story was revealed next morning, railroad securities responded with a dispirited slump...
...University of Southern California, youngest champion in the history of U. S. tennis, shook hands with Lott, wrapped a towel around his neck while Lott put on a blazer, moved over to a microphone in his slow pigeon-toed shuffle. Theorists wondered whether Vines would, like Doeg, slump after becoming champion; or whether, which seemed a shade more likely, he would improve enough to dominate U. S. tennis like Tilden, McLoughlin, Larned, Wrenn, and Richard D. Sears...
Though President Hoover continued to dislike it intensely, the Press last week was flooded with speculation on the political effects of the Hoover Holiday. General was the agreement that, at the moment, the President's political stock had climbed prodigiously out of a long, sorry slump. For months the Republican defense against economic conditions in the U. S. has been that the Depression was "worldwide" and so the President ought not to be held responsible. Now President Hoover had put reality into this defense by acting for "worldwide" relief. But because the President had enlisted Democratic aid to ratify...