WAR & PEACE: Pursuit of Happiness


Ten years ago next week the U. S. entered the tenth and worst depression in its history. On the morning of October 24, 1929, the stockmarket that had been slowly declining skidded sickeningly, plunged down, and kept on going. Unknown to anybody, its future unforeseen, its consequences incalculable, the Great Depression set in. But it was not called that. The names that people give to things reveal what they think about them, and the name that the U. S. gave to its crisis was the ringing and melodramatic Crash.


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