National Affairs: Mirage

Surely some time, perhaps this month —so almost everyone thought and hoped —at least some of the vexatious problems brought on by the war would disappear. The people were yearning for relaxed good times—something like the Fabulous Twenties. Last week they knew this was a mirage.

The stock market broke (see BUSINESS), prices kept rising, new strikes broke out, more strikes and more labor turmoil were in the offing. From Wall Street came rumblings that there might be a bust before a boom. And in Stuttgart, Secretary of State James Francis Byrnes stated one hard fact which many U.S. citizens would have...

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