Nearly all the twenty years of the operational history of the American College of Life Underwriters coincide with the most extraordinarily turbulent economic conditions ever experienced by this nation. The first two years, 1928-1929, were marked by extreme inflationary bull-racketeering conditions, when men were too busy at money-making to bother with an untried educational idea.
McCahan, David C.L.U. and Huebner, Solomon S. PhD, "Some Aspects of American College Operational History" (1906). Solomon S. Huebner Documents. 124.