Word: 20s
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Safe and Sound. If inflation goes further than it already has, it will not be for any of the reasons which got bankers into trouble back in 1929. Truth is there is little similarity between banking today and banking in the '20s. The big gamblers -the Charlie Mitchells and the Al Wiggins -are gone. In America's biggest bank, the Chase, sits conservative Winthrop Aldrich; head of the National City is Gordon Rentschler. In Chicago Walter Cummings heads the great Continental Illinois. In Detroit Walter Scott McLucas chairmans the National Bank of Detroit, which was put together after...
...Headache. Behind those figures lies a complicated story which revolves very largely around a product which most Americans take for granted-aspirin. Back in the '20s, Sterling gave up struggling against German competition in that product in South America and concluded a cartel peace with I. G. Farben by which Sterling's two subsidiaries, Sydney Ross Co. and Sterling International, became Farben's selling agents. This combination made Sterling a chief commercial aid to the Nazis after war broke out in Europe, because Sterling had also agreed to supply I.G.'s Latin American market...
...Government, or any party in the U.S. that favors the establishment of governments in Europe that do not require deodorizing, will receive the support and enthusiasm of the American people. But if a return to the cynical indifference of the '20s is desired it may best be obtained by the support of the reactionary plans of our State Department...
...More than in any other service youth runs the Air Forces. Frequently a man in his early 20s commands a bombardment squadron worth $5,000,000 to $10,000,000 in equipment alone. Most have no business training, though each unit is a business which must turn in a profit. Once Arnold's system is in full operation, a Stat officer will be attached to each Air Force unit down to the farthest squadron. By instituting a management-control system, General Arnold hopes to up those profits in terms of damage to the enemy and conservation...
...broadcast: "Among the self-styled 'realists' who are trying to scare the American people by spreading worry about 'misguided idealists' giving away United States products are some whose policies caused us to give away billions of dollars of stuff in the decade of the '20s. Their high tariff prevented exchange of our surplus goods. And so we exchanged our surplus for bonds of very doubtful value...