The graph does show one tremendous rise and collapse which stands out starkly from all the other fluctuations. This is commonly called the "new era" stock market of 1927-33. The striking feature of this phenomenon was that the new era existed solely in the minds of market speculators. The whole episode, in retrospect, now seems to have been one of those rare manifestations of mass financial madness which we used to study in our history books under the titles of "the South Sea Bubble", "the Mississippi Bubble" and so on.
Benjamin GrahamRelated topics
bubble collapse episode era feature history madness market mass now phenomenon rare retrospect rise sea show south stock striking study under graph mississippiRelated quotes
If Soviet society is to move forward with confidence toward our great goals, each new generation must rise to an ever-higher level of learning and general cultivation, occupational skill and civic activism. One might say that such is the law of societal progress. In the context of the scientific and technological revolution, under a virtual avalanche of information, this law imposes unwontedly high demands on both those who study and those who teach-from rank-and-file classroom teachers to government ministers.
Konstantin Chernenko
But now, as throughout history, financial capacity and political perspicacity are inversely correlated. Long run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with communism, lies the threat to capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.
John Kenneth Galbraith
The new paradigm may be called a holistic world view, seeing the world as an integrated whole rather than a dissociated collection of parts. It may also be called an ecological view, if the term "ecological" is used in a much broader and deeper sense than usual. Deep ecological awareness recognizes the fundamental interdependence of all phenomena and the fact that, as individuals and societies we are all embedded in (and ultimately dependent on) the cyclical process of nature.
Fritjof Capra
Certainly one of the chief guarantees of freedom under any government, no matter how popular and respected, is the right of citizens to keep and bear arms. This is not to say that firearms should not be very carefully used, and that definite safety rules of precaution should not be taught and enforced. But the right of citizens to bear arms is just one more guarantee against arbitrary government, one more safeguard against the tyranny which now appears remote in America, but which historically has proved to be always possible.
Hubert Humphrey
My aim was to create armaments to protect the borders of my motherland. It is not my fault that the Kalashnikov became very well-known in the world; that it was used in many troubled places. I think the policies of these countries are to blame, not the designers. Man is born to protect his family, his children, his wife. But I want you to know that apart from armaments, I have written three books in which I try to educate our youth to show respect for their families, for old people, for history.
Mikhail Kalashnikov
