Word: systemic
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Dates: during 1920-1929
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...have become one nation, we can only survive through the most elaborate system of concerted action. Any part which fails to function is chargeable with disloyalty to the whole people...
...King, my august master." The present Earl was educated at Wellington College and spent his early years in the army, holding many frilled, gold-laced positions. He entered politics with little enthusiasm and no ambition. Appointed Postmaster General in 1903, he applied his ponderous brain to the telephone system and subsequently nationalized it, the wisdom of which step has been disputed ever since...
...Raskob said at last week's banquet: "In 1926 the retail value of automobiles, trucks and parts produced is estimated at $6,000,000,000." Only 40% was paid in cash, the balance by monthly installments. General Motors, Mr. Raskob's firm, believed that the installment system was good. However, said he: "If we were wrong we wanted to know it. If we were on fundamentally solid economic ground we wanted to know that also. All agreed that no opinion would tend to give a greater sense of security than that of Professor Seligman...
...Yale," said Bingham, commenting up on Harvard's reasons for entering into the agreement, "believed that a non-scouting pact would give the football players more initiative, and accordingly wanted to give the plan a season's trial. We did not feel that a non-scouting system would prove successful because of the suspicion that it would raise, but we were glad to give this arrangement a trial in order to cooperate with Yale...
Senator Aldrich represented Rhode Island in the Senate from 1881 to 1911, and was the first chairman of the National Monetary Commission, appointed by Congest in 1908 to study the banking situation throughout the world with a view to revising American banking methods. The Federal Reserve system was a direct outgrowth of the commission's findings, although the proposal of reserve banks met with hostility when first proposed, and was not immediately adopted...