Word: 20s
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...Star-Times from the anemic 30,000 circulation of the old Star to its present 167,400, made it a lusty rival of the powerful Post-Dispatch, and in doing so had become a newspaper legend. Managing editor since 1914, he made his reputation in the early '20s, when he exposed the notorious Hogan gang, the Egan Rats, the bloody Italian gang called the Green Ones...
Natives claim that the Yankees stole their best thoroughbreds after the Battle of Nashville. In the late '20s, however, when the paper profits of the Rogers Caldwell-Luke Lea "Shares In The South" bubble began to pour into Nashville, its upper crust started ambitious plans to revive Nashville's prestige as a horse-racing center. They formed the elegant Grasslands Hunt Club, invited the East's best jumpers to take part in the "International Steeplechase." After two Internationals, Depression hit Nashville, Caldwell's banking empire came a cropper and Grasslands grew weeds...
...rise of Jackpot Riley reads like a W. R. Burnett novel. He saw Shanghai first in the '20s, a sailor off a U.S. Yangtze Patrol sloop, drinking in the dives along "Blood Alley." When he finished his hitch in the Navy he went back to the U.S., soon landed in the Oklahoma State penitentiary under the name of Johnny Becker, with a 25-year sentence for attempted highjacking. Two years later he escaped from jail, headed again for Shanghai...
Muscle journalism includes the gentle arts of kidnapping, wire tapping, burglary, bribery, plus cunning and unlimited nerve. Frank Carson gave it its name and was one of its chief practitioners. Out of it, in the '20s, came journalistic legends and one ripsnorting play, The Front Page...
...hungry stock and bond mar kets instead of at the banks. By 1929 the banks had only 39% of their funds in commercial loans; it was chiefly their volume of brokers' loans that gave them the appearance of great prosperity. What the corporate financing of the '20s started, the New Deal finished. The Treasury's gold buying and deficit financing pushed up deposits; banks were overwhelmed with money. Corporations, no longer growing, financed themselves out of surpluses. By 1935 only 21% of active bank funds were in commercial loans...