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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 ...
Herbert Hoover and the Great Depression (1959). scholarly history online; Watkins, T. H. The Great Depression: America in the 1930s. (2009) online; popular history. Wecter, Dixon. The Age of the Great Depression, 1929–1941 (1948), scholarly social history online; Wicker, Elmus. The Banking Panics of the Great Depression (1996) White, Eugene N.
The Young Plan, which sets the total World War I reparations owed by Germany at US$26,350,000,000 to be paid over a period of 58½ years, is finalized. It replaces the earlier Dawes Plan. October 29 The Great Depression begins with the Wall Street crash.
The late 1940s was a time Pentecostals considered "of deep spiritual hunger," [7] as they were concerned about the declining operation of the gifts of the Spirit they claimed were once so evident when Pentecostalism began in the early 20th century. [8]
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 ...
During this time, most people believed that the decline was merely a bad recession, worse than the recessions that occurred in 1923 and 1927, but not as bad as the Depression of 1920–1921. Economic forecasters throughout 1930 optimistically predicted an economic rebound come 1931, and felt vindicated by a stock market rally in the spring of 1930.
The term was reportedly coined by Claudia Goldin and Robert Margo [1] in a 1992 paper, [2] and is a takeoff on the Great Depression, an event during which the Great Compression started. Share of pre-tax household income received by the top 1%, top 0.1%, and top 0.01%, between 1917 and 2005 [3] [4]
Drawing from her childhood experience with the Salvation Army, in 1927 McPherson opened a commissary at Angelus Temple offering food, clothing, and blankets. She became active in creating soup kitchens, free clinics, and other charitable activities during the Great Depression, feeding an estimated 1.5 million.