Word: 1920s
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...correlation between financial-sector growth and economic growth, Philippon reasons, finance's share of the economy would stay constant. But when he examined data back to 1860, he found that finance's share of GDP varied widely. It ballooned in the late 19th century, shrank, ballooned again in the 1920s, shrank and stayed low for decades, then began to grow again in the 1970s, reaching unprecedented levels earlier this decade. The measure Philippon uses is the economic value added of the financial sector as a percentage of GDP, which was at about 4% in the 1960s and hit almost...
...early snow on the trees. In the 16th century, Germans settled alongside Czechs in the town and built flourishing factories, one of which is said to have produced a carpet for the Waldorf Astoria Hotel in New York City that was deemed the world's largest in the 1920s. But Czechoslovakia's German minority suffered greatly in the Depression on the eve of World War II and many threw their support behind Konrad Henlein, leader of the country's pro-Nazi ethnic German party. As punishment, the Czechoslovak government ordered most German-speaking citizens in the country to be deported...
...successfully engaged with relativity, QM’s better-behaved older brother. While concepts like warped space-time are hardly possible to visualize, its effects are easier to understand. When the theory became famous in 1919, it had a significant effect on the art world (see Kandinsky circa the 1920s). The way the theory forced us to reconsider our everyday concepts of space and time radically altered our renderings of them through...
...1920s. Phar Lap in the '30s. Secretariat in the '70s. Dancing Brave in the '80s. The debate over horse racing's greatest ever flat runner has always been as contested as a Breeders' Cup - and it just got hotter. Sea the Stars, an Irish-trained colt that darted to victory in the Prix de l'Arc de Triomphe in Paris on Oct. 4, might just be the greatest of them...
...addition to dry-cleaning all her products before putting them on sale, Goldhagen only carries original pieces, such as costume jewelry from the 1920s. “This is not just junk from Taiwan that breaks instantly,” Goldhagen asserted...