Word: anstalt
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Dates: during 1940-1949
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...percent of all of Austria's industry, including the Zistersdorf oilfield, Credit-Anstalt bank, factories making electrical machinery, tools, locomotives...
...crash of 1929 his world came unstuck. In May 1931 followed the failure of the Credit Anstalt in Austria. In September 1931 Britain herself was driven off gold. Desperately Norman tried to glue his world together. He worked with New York. He journeyed to Berlin to see Hjalmar Schacht. And steadily Montagu Norman the man became Montagu Norman the legend...
Thirty-three countries protested, then took revenge by erecting their own trade barriers. Austria's Credit-Anstalt failed. Foreign credits began to be called. U.S. gold imports increased. The Republicans lost their House majority for the first time in 14 years. The Young Plan fell apart. England abandoned its historic free-trade policy. European nations set up quotas, licenses, exchange controls, other trade barriers. The depression was immeasurably deepened...