Word: wealth
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Dates: during 1930-1939
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...people you would find an overwhelming majority of them believe in collective bargaining . . . social security . . . unemployment insurance. They believe in relief-relief to the needy and unemployed, but not the financing of a vast political machine under the false label of relief. They believe in a better distribution of wealth created, in raising the standard of living, and a great many other social reforms...
...capital goods. But for the past 20 years the volume of U. S. savings thus available for industrial expansion has exceeded the public's capacity to purchase goods. This situation can best be remedied, according to the Brookings theory, not by reducing production or by sharing the wealth, but by increasing the public ability to buy. This in turn can best be done, not by taxing the rich and subsidizing the poor, not by Governmental spending, not by raising wages, but by a sustained industrial policy of cutting prices. Price reductions, say the Brookings books, are a basic part...
...said to have been going on ever since the Civil War, with hands descending from father to son. After he had driven through the textile towns of the Carolinas-Gastonia, Kannapolis, Spartanburg-he began to note the mansions of the Coca-Cola millionaires, and to speculate about their significance. "Wealth in the South," he must reflected, come "for those who sell in the South, must come from a cheap luxury...
...last Democratic President was prevailed on, during the World War, to cut the original Mt. Olympus monument area almost in half so as to stimulate private prospecting for manganese ore. Some ores were found, but the real wealth of the Olympics is their mantle of giant fir, spruce, cedar and hemlock, their abounding game (trout, bear, cougar as well as elk), their scenery. Also during the War, the Government built a spruce production railroad there to get out special woods for airplane construction. The lumbering now is mostly in private hands (Weyerhaeuser, Long-Bell, Northern Pacific) and the jagged boundaries...
...easiest. Told to go forward, but not where, graduates of the past fifty years seemed to have evolved the tradition of money-grubbing by seeking positions which would pay the highest salaries merely because they did pay them. During the industrialization of the last century most millionaires made their wealth without social regard and only thought of society post facto--sometimes to ease their conscience. The desire for security--which involves comfort, leisure, marriage--is intelligent, but the ambition to make money for the sake of money should have been buried with the primitive Forty Niners. The tradition of money...