Word: agreement
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Dates: during 1920-1929
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...sponge cake, with the total fixed by the Young Plan for Germany to pay. That part of the plan he was ready to adopt. But he objected strenuously to: 1) the scaling down of the British Empire's share in German reparations to 18%, whereas under the Spa agreement of 1923 she was to get 22%; 2) the allotment to France, Belgium and Italy of nearly all the sums "unconditionally" pledged by Germany "in kind" (i.e., in commodities like coal) for the next ten years, whereas Mr. Snowden wanted them stopped at once, believing that they constitute "dumping...
...National Commander Paul Vories McNutt of the American Legion, which had protested President Hoover's suspension of cruiser construction, the President last week wrote: ". . . This is a forward step of the first importance. ... It is far better to at least try to establish [parity] by agreement before we resign ourselves to establish it by rival construction programs. ... I fear you have been misinformed as to the actual problems that lie before us, for they are far more intricate and difficult than can be solved by the simple formula which you suggest...
Repercussions. Leading U. S. cotton experts were in substantial agreement that: 1) Even a brief Lancashire strike would depress the market for raw cotton as British orders were curtailed. 2) Only a long Lancashire strike would boom the U. S. cotton textile trade. Reason: the British mills have reserve stocks of the type of high class cotton cloth competitively manufactured in the U. S. and can maintain their position in this class of goods for some weeks or months. 3) Germany and Japan, producers of cheapest cotton cloth, will be in a much stronger position to grab what Lancashire loses...
...further negotiations." Key points in the MacDonald speech: Parity: The Prime Minister said that he and General Dawes "have agreed upon the principle of parity"-that is to say when the U. S. and British fleets have been scaled down they must be of equal strength. A similar agreement existed in theory between the Coolidge and Baldwin regimes, but it came to nothing in practice because the experts on both sides always deadlocked over details before they got so far as "parity." Doubtless with these deadlocks in mind, Mr. MacDonald went on to say last week: "We have determined that...
...hard it may prove for the politicians to come to an agreement strikingly appeared last week at London, where the Young Plan was mercilessly flayed by David Lloyd George, balance-of-power man in British politics...