But when in the history of American business was there such a volume of broken faith as in the drastic deflation of 1920?
James Beck: “But when in the history of American business was there such a volume of broken faith as in the drastic deflation of…”
Editor's note · Context
Beck reflects on the economic turmoil of the early 1920s and its implications for trust in business.
Share
More from James Beck
It must champion the human soul in its God-given right to exercise freely the faculties of mind and body.
Without that vision to restrain each succeeding generation of Americans from the tempting excesses of political power, the American Commonwealth, with its great heterogeneous democracy, would probably perish.
Under the American Constitution, they are part of the fundamental law, and, as such, enforceable by judges sworn to defend the integrity of the individual as fully as the integrity of the State.
That vision will remain with them as long, and no longer, as there is in their hearts a conscious and willing acquiescence in its wisdom and justice.





