Word: wealth
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Dates: during 1930-1939
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...strong professorial voice raised last week against the New Deal and its professorial sponsors was that of Robert Andrews Millikan, head of California Institute of Technology. At Oberlin's centennial commencement this Nobel prize winner extolled the Machine as the producer of wealth and leisure, flayed government paternalism for "weakening American self-reliance, discouraging private initiative, diminishing opportunity, stimulating bonus marchers and veterans' rackets." Warning against dictatorship Dr. Millikan cried...
...fell in love again, but business once more tore him away, this time to Africa, where he spent long years as master of the slave-trading station of Gallegos. When he had amassed a tidy sum he sold out, went back to Europe to enjoy his wealth...
Striking a bold, fresh note in Conference plans, the French Premier proposed world co-operation in "international public works," gave as examples "the exploiting of South America's wealth, the establishing of trans-African railways and vast public works in Central Europe and the Near East. These projects . . . should be simultaneously begun by all the great nations...
Under contemplation, broadly speaking, were the social uses of wealth. In a Democracy was it right for one man. one firm to have the incalculable economic influence implied in the 167 directorates held by Morgan partners? Was it in the public interest that railroads, public utilities, food companies, manufacturing concerns supplying millions of people with
...popular but erroneous idea, carefully revived by Prosecutor Pecora. that the present John P. Morgan is the main driving force of the House of Morgan. Also according to formula behaved the Scripps-Howard chain of 25 newspapers. Their formula being "liberalism." none must excel them in excoriation of unphilanthropic wealth. Their lead hound, the New York World Telegram, soon turned the predictable "revelations" of the investigation into a "shocking" scandal...