Word: wealth
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Dates: during 1940-1949
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...adolescent, the Revolution had shaken the tight social system which Mexico had inherited from Spain, and opened wider horizons to young men. It wrenched power from the cautious hacendados (landed gentry), who seldom took a chance with a peso- except over a gaming table. It handed power and wealth to half-educated generals and to adventurous businessmen not greatly different from the men who built the U.S. Whatever their sins, the new bosses were willing to bet the wad on Mexico- at least, the part they did not keep for themselves. They took such sleepy colonial cities as Monterrey, Guadalajara...
...blame for the demise of this dream on the present administration would be an unjust indictment. Other powers in the world today, notably the Soviet Union and Great Britain, have consistently followed a program of self interest. However, the power of the atom, and the vastness of American industrial wealth place the United States in a unique position. This nation alone can afford to gamble on the chance that the world can be led to understanding rather than forced to conflict...
Bank Account in Heaven. In Britain, they still gaped at the facts & fable of his wealth and power. "Henry bloody Ford," said a Glaswegian. "I am a cheap Ford salesman and Ford's a gentleman. He captured the world. Head of the atomic energy he is too. Mon! He's a fine chap." But Socialist conservatism also spoke. Said a taxi driver: "No, we can't afford Henry Ford today. It's a good thing all that big business is finished over here...
Revolution based on the American ideal of 1776, including a single ground rent tax, conservation of land, and nationalization of natural wealth, is the only preventive for the triumph of Russia, she declared. "The crime of capitalism was that it created the proletariat," she continued, "and the crime of Russia is that she maintains it under a system of police capitalism...
...Times Magazine last Sunday featured a symposium of five prominent American economists discussing the probabilities of an imminent depression; three of the five were members of the Harvard faculty. Such figures as Hansen, Slichter, Williams, Burbank, Schumpeter, Chamberlin, Haberler, and Black--to name only a few--present an incomparable wealth of academic potential for the student who is able and willing to utilize his opportunities...