Word: 1920s
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Market letters earned a sour reputation for themselves in the 1920s and '30s-and have done little to redeem it. In those days, brokers used the letters to push sales of the securities they handled, loaded them with glib predictions and tips on questionable stocks. According to a 1933 survey by the Cowles Commission for economic research, 1928-32 forecasts of how certain stocks would perform were actually 4% less accurate than if the choices had been made at random from the list. Eleven years later a similar survey by the commission found that accuracy had improved hardly...
Wright's cry was taken up in the 1920s by Germany's bustling, experimental Bauhaus School under Walter Gropius. It was at the Bauhaus that Architect Marcel Breuer designed the first chrome metal chair, whose descendants now populate the land as lawn or kitchen furniture. In Berlin, Mies van der Rohe first developed the cantilever metal chair, went on to produce the famed "Barcelona" chair, designed for his sumptuous German Pavilion at Barcelona's 1929 International Exposition. For the Barcelona chair he used chrome-plated stainless steel, covered the cushions with sumptuous kid leather. Cost...
...1920s Long Island's fashionable North Shore society, who had just played host to Britain's bouncing Edward, Prince of Wales, gave a royal welcome to the Grand Duchess. Many of those firmest in proclaiming her authenticity were distant relatives and friends of her supposed family-but one branch, the German House of Hesse, to which the Empress of Russia had belonged, declined to accept the newcomer. The Czar, it was said, had deposited some 20 million rubles in England before the revolution, and the House of Hesse wanted to assure itself a prior right to the money...
...1920s he joined Galveston's W. L. Moody III, whose father was one of the world's richest men, in creating a mammoth oil, gas and sulphur empire. Cooking deals like popcorn, Odie was one of the founders of Texas Gulf Producing Co., which has large oil reserves in the Gulf states, was one of the powers in what is now Freeport Sulphur Co. He and Moody developed and owned the famed Hugoton natural-gas field in southern Kansas and Oklahoma-"a deal," says a friend, "that has never been equaled in the world -it was worth...
...Left Bank, like the Teddy Boys of postwar London posturing on street corners in their shabby pseudo-Edwardian finery like pathetic barnyard roosters, like the slack-jawed worshipers of Elvis Presley and their spiritual ancestors in the U.S., the hootch-swilling hellions of F. Scott Fitzgerald's 1920s, the truants of Japan have no place to run but away. Soon after the war, their restlessness was marked by a sharp spurt in juvenile delinquency. Today, after a brief respite, delinquency, violence and sex crimes among the young are once again on the rise in Japan, but beyond this criminal...