Word: 1920s
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...deal of his fiction was based on material provided by his extensive travels. His first trip to Samoa and the South Seas was in 1916 and he kept exploring - visiting French Polynesia, Japan, Hong Kong, Shanghai, Peking, Singapore and what was then Malaya - with absolute fascination until the early 1920s. His finest short-story collections, The Trembling of a Leaf (1921), The Casuarina Tree (1926) and Ah King (1933), were inspired by these wanderings. They were all undertaken in the company of the colorful Gerald Haxton, the man who was his lover, secretary and companion for 30 years. His other...
...inflate its way out by printing money to pay creditors. Printing more dollars (the process actually involves the Federal Reserve's purchasing government securities with dollars it conjures out of thin air) reduces the value of existing dollars. And a government in truly dire fiscal straits - Germany in the 1920s is the most famous example - may print so much currency that it makes the stuff effectively worthless. Our fiscal straits aren't that dire just yet. But chronic deficits during George W. Bush's Administration, even bigger deficits brought on by the financial crisis and President Obama's efforts...
...Though this work does not promise much in the way of dynamic variety or musical progression, Luisi did what he could with a compositionally-constrained piece. Honegger, one of six composers loosely identified as leaders of the musical avant-garde movement in the 1920s, employed languid horns and murmuring strings to capture the flavor of first light in a pastoral setting...
...much is actually spent? In the U.S., about $65 billion a year is spent on holiday gifts. There's been this giant [holiday season] bump in retail sales in the U.S. going as far back as statistics are available, back to the 1920s and '30s. In fact, as a share of the size of the economy, the spending has gotten smaller over time. Our fathers' and grandfathers' Christmases were a bigger deal than ours...
...example, were good for both Wall Street and Main Street. His theory, which fits the historical evidence well, is that the financial sector's share of the economy should increase when there are fast-growing companies needing outside funding, like railroads in the late 19th century, manufacturers in the 1920s and tech firms in the 1990s. If financing wasn't in great demand in the booming 1960s, perhaps that was a warning sign of stagnation to come rather than evidence of the uselessness of financiers...