Word: spurred
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Dates: during 1960-1969
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Beauty & Freedom. In a sense, McKenna has only done what comes naturally at North Carolina, the first (1795) state university to open its doors. Chapel Hill boasts "something in the air" that inspires purpose. In part, the spur is natural beauty: a town built around a tree-shaded oasis of ivied Georgian buildings on 552 acres. Alumnus Thomas Wolfe ('20) fondly described "Pulpit Hill" in Look Homeward, Angel as "a provincial outpost of great Rome: the wilderness crept up to it like a beast...
...Civil War, increased international cooperation and the force of public opinion finally combined to cut off the trade. As the author points out, this barbaric trade, like the cruelty of the Pharaohs, left its monuments: an accumulated wealth in Europe that helped spur the Industrial Revolution, a labor supply in the U.S. and South America that helped build a continent. But for the U.S. it also left a legacy of black hatred and white guilt-both far from final expiation...
...spur toward private schooling is getting into college. The country's 1,708 independent secondary schools, with an enrollment of about 250,000, send 95% of their graduates to college, against 40% from public schools. This faith in private schools is chiefly rooted in their freedom. They can select better students. They can pay teachers by merit, make innovations, borrow ideas from anywhere. On every score they can outpace all but a few crack public schools...
...most notable feature of the new tax bill that President Kennedy signed into law last week was a provision that permits corporations to deduct from their taxes 7% of their investment in new plant and equipment. This "modernization credit" was designed to encourage capital spending and thus spur the nation's lagging rate of economic growth. But in its October newsletter, Manhattan's First National City Bank forcefully argues that a far more sweeping tax reform will be required to get the U.S. economy really moving again...
...state in 1840, when two brothers built an iron foundry in the northeastern Wyoming Valley, turned out rails for the Erie Railroad. Their growing community became known as Scranton. The most prominent of the early Scrantons was Bill's great-grandfather, Joseph. He managed the foundry, started a spur that became the Delaware, Lackawanna & Western Railroad, organized the Lackawanna Iron & Coal Co., founded a bank and headed the local gasworks and waterworks. The Scrantons grew wealthy, but not complacent. Bill's grandfather, William Walker, as early as 1873 was warning that the town must diversify...