Word: spengler
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Dates: during 1930-1939
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...firm was three years old. Since then it has survived many a severe depression including at least six actual stockmarket panics. Last week it failed. Almost coincidentally a "New Economic Theory" seemed to sweep the emotions of volatile stock-traders. Though few Wall streeters have ever read Oswald Spengler's Der Untergang des Abendlandcs, it was easy for them to imagine a world in the grip of conditions more awful and appalling than ever before. Prices will never go up again; the world will seethe in war and revolt; all mankind is doomed to a steadily decreasing standard of living...