Word: systemic
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Dates: during 1920-1929
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...these is to build removable steel stands which could be taken down after the football season is over. This system, according to Mr. Bingham, is in use at present at the athletic field of the University of Chicago where the temporary stands seat 30,000 people and are taken down when not needed...
...Vare's counsel, Francis Shunk Brown, announced flatly that Mr. Vare would not and could not appear before the Reed committee on Jan. 4. Three physicians of Mr. Vare backed this statement, saying that a trip to Washington would "work great hardship upon a nervous system that has been badly damaged, and possibly might even jeopardize his [Vare's] life...
...automobile: "It devolves upon the United States to help to motorize the world. . . . Road building is taking root in Australia, vast Africa, Spain, South America. . . . Every new development, highway, railroad, steamship line, building operation, whether it be a drainage project in old Greece or a new water system in Peru, means an added use of the automobile...
...found the U. S. financial world in a depressed condition, with call money bringing 25% to 30%. Interested, able, he wrote an article showing the unsound condition of U. S. banking, likening the U. S. banking system to European banking during the Renaissance. Seeing no chance of publishing a critical essay written by a stranger, an alien, he put his paper in a desk-drawer, where it remained for four years. But in 1907, on the advice of Professor Seligman of Columbia University, he brought the article up to date, sent it to the New York Times...
...Warburg, their inquiries colored somewhat by a distorted idea of the Money Demon and Mr. Warburg as an incarnation of it. At that time a Kuhn-Loeb member, and with an income of some half a million a year, Mr. Warburg devoted himself to building up the Federal Reserve system. For four years (1914-1918) he served on the Federal Reserve Board, did much to determine the success of what has since been recognized as by far the greatest domestic accomplishment of the Wilson administration-the modernization of U. S. banking. In 1921 Mr. Warburg founded International Acceptance...