Word: spite
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Dates: during 1930-1939
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...their society was cheap labor. First they imported Chinese and Portuguese, then Japanese, and, when the "gentlemen's agreement" with Japan was made, Filipinos and Puerto Ricans. These peoples arrived by the shipload, were quartered in agricultural camps, given free housing, free water, free wood, free medical service. In spite of small wages it was a beneficent system?too beneficent, as it turned out. The Chinese coolie who contentedly grew rice in the river bottoms, and the Filipino who irrigated the sugar-cane fields, had children who were U. S. citizens. The second and third generation of field workers, after...
...revolutionary times, he and a jazz band in 1922 got a larger majority of votes for Governor than had ever before been received. Thereupon "Iron Jack" became embroiled in a Ku Klux Klan scandal and was thrown out of office for corruption ten months after he was inducted. In spite of a mail fraud indictment three years ago, a repentant citizenry elected him State Corporation Commissioner...
...University pressure reputedly made him give up that job he kept on loudly fighting the League's battles against sweatshops and exploitation of women & children, for old-age pensions, unemployment insurance, workmen's compensation. Nor is he the kind of antagonist who makes opponents love him in spite of honest differences. Chunky and spike-haired, he prides himself on speaking his mind anywhere about anything. When he gets on the subject of "invisible government" his thin, sarcastic voice grows shrill with rage. But he is a good teacher. Two years ago Pitt seniors voted him their most popular...
...much reviled law of supply & demand had worked the seeming miracle, for in spite of the fact that a greater supply of Government obligations was available than ever before, demand for this form of security was greater still. Contributory factors...
Significance. Officials in the U. S. Treasury were not at all upset to see Government bonds go to a yield of less than 3%. It meant that in spite of the topheavy public debt, the Government can still go on borrowing the New Deal's pocket money easily and cheaply. To be sure, if investors take confidence and start once more to invest in industry, the great surplus of investable cash will subside and Government bond prices will sink. But this possibility would please the Treasury even more, for relief expenses would fall, the Government would spend less...