Word: systemic
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Dates: during 1920-1929
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...their sophomore year rather than requiring the regular four year college course. The object of this innovation was to give the advanced student more time to devote to his particular field, thus acquiring greater efficiency. Now, at the end of three years, a report on the system declares that all of the men working under it are doing well. From the point of view of modern education, however, this project is at fault in that, despite the fact that it offers good professional training, it minimizes the possibilities of gaining a general cultural background...
...reaching ramifications of the entire House plan, the latter as vulnerable due to the brief existence of the Freshman dormitories and the absolute lack of a Senior monopoly on the Yard dwellings, the paramount argument in opposition to moving the Freshmen is based upon the success of the present system of Freshman dormitories. This success, however, is purely accidental, the dormitories having been built more with an eye for such a plan as Mr. Harkness has made possible in conjunction with a desire to disintegrate the Gold Coast cliques than for any of the less tangible advantages which have accrued...
...river front beyond McKinlock, the inference is that Smith Halls will form another House as will Standish, Gore and McKinlock combined. With the new Houses surrounding the Freshman dormitories, it certainly seems far safer to move the Freshmen to the Yard than to try to work the two systems side by side. Moreover, if the Freshmen are not moved, the Yard dormitories will have to be split into Houses. Such a procedure would be far more difficult and much less likely to succeed than the adapting of the Yard to the present system of Freshman segregation...
...mingled outburst of oratory, ethics, provincialism and a little economics was the result. The prevailing sentiment was strongly against the speculator. Since, however, the very Senators and Representatives who were most inclined to view Wall Street as the heart of the money octopus also regarded the Federal Reserve System as at least a tentacle of the same monster, the banker was scolded while the broker was flayed...
...Advisory Council of the Reserve system (a group of private bankers & businessmen appointed by directors of the twelve Federal Reserve Banks) emphatically endorsed the Reserve Board's warning of last fortnight. The Reserve banks themselves began to tighten money by selling government securities and bankers' acceptances. Member banks beckoned for about $60,000,000 of outstanding call money...