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Harry McNevin said that in 1988 the ORU Board of Regents "rubber-stamped" the "use of millions in endowment money to buy a Beverly Hills property so that Oral Roberts could have a West Coast office and house." [54] In addition, he said a country club membership was purchased for the Roberts' home. The lavish expenses led to McNevin's ...
As the Great Depression became worse, the call raised for increasing in federal intervention and spending. But Hoover refused to allow the federal government to force fixed prices, control the value of the business or manipulate the currency, in contrast, he started to control the dollar price.
Essays on the Great Depression (2000) Bernstein, Michael A. The Great Depression: Delayed Recovery and Economic Change in America, 1929–1939 (1989) focus on low-growth and high-growth industries; Bordo, Michael D., Claudia Goldin, and Eugene N. White, eds. The Defining Moment: The Great Depression and the American Economy in the Twentieth ...
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
The hospital accepted its first patient in November 1981. By 1986 the City of Faith was losing over $10 million per year. [12] In 1987, with costs spiraling out of control, the medical center went largely vacant. [12] Roberts told a television audience unless he raised $8 million by March, God would "call him home" (a euphemism for death). [13]
Richard Lee Roberts was born on November 12, 1948, in Tulsa, Oklahoma, the son of evangelist Granville Oral Roberts and schoolteacher Evelyn Lutman Roberts. The third of four children, Richard had an older sister, Rebecca Ann, who was killed, along with her husband, Marshall Nash, in a plane crash in 1977; and an older brother, Ronald David, who committed suicide in 1982, six months after ...
But before that, he had called Greenwell, Grateful Life’s intake supervisor. Hamm had begged to be allowed back into the program. Greenwell had turned him down. “It’s heartbreaking,” Greenwell said. “I really think he’s a great guy. He tried to call me personally many times. Unfortunately, I told him he was no longer in our program.
The stock market suffered a major drop in 1937, marking the start of an economic downturn within the Great Depression known as the Recession of 1937–38. Influenced by economists such as Keynes, Marriner Stoddard Eccles , and William Trufant Foster , Roosevelt abandoned his fiscally conservative positions in favor of economic stimulus funding.