Word: slump
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Dates: during 1930-1939
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...Stimson's speech dwelt, of course. primarily upon economics.* His first concern was to relieve President Hoover of the political responsibility for the business depression. Persuasively by rhetorical questions and answers he argued that the slump was worldwide, that its causes antedated the Hoover Administration, that the U. S. was suffering less than other countries. He insisted the Democrats would have lost their heads in such a crisis, that conditions would have been much worse. He lavished praise upon President Hoover for the "prompt and effective" steps he took last November to minimize the effects of the stockmarket crash...
...revolutionary and early reconstruction periods, these 42,000,000 extra acres have been needed, profitable. But now, with Soviet production gradually creeping up, Red wheat, added to the rest, is producing a primary, "genuine" world surplus and depression of wheat prices, this quite apart from the secondary, "artificial" slump which Dictator Stalin's shrewd machinations may produce...
...than Europe's simple peasantry, not thus supplied. The overseas farmer he said, "being entirely on a price basis, cannot live unless he sells at a profit." Bankrupt, he loses his farm through foreclosure, and this fate, warned Dr. Riddell, befell "some 2,000.000 U. S. farmers after the slump...
Last week the gold delegation of the financial committee of the League of Nations made an interim report. From leading gold-mining experts the committee obtained the general opinion that gold production will rise during the next few years, slump gradually until 1940, then drop sharply. On this hypothesis, the committee foresaw a possible gold shortage, a great depression in prices. Remedies were suggested against this theoretical danger...
...take their overwhelming vote of two years ago as a lcense to behave as an autocrat, as a dictator more absolute and infinitely more unreasonable than Signor Benito Mussolini. Being staunch Democrats, the people could stand such tyranny no longer-especially in view of Argentina's current business slump, "hard times," and the provokingly low price Argentines now get for grain...