Word: armaments
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...world order. The Italians are still interested in its reform, and, in fact, in strengthening it, although Mussolini has said that the League will collapse if the disarmament conference is wrecked. The conference will not be successful in a strict sense, but it can hope to prevent an armament race by stabilizing arms and by permitting German re-armament...
...last week practically all hope of armament limitation had disappeared from the world. In its wake came the following developments: United States. The Senate passed (65-to-18) the House bill to build the U. S. Navy up to Treaty strength in seven years (TIME, Feb. 5). Cost: $750,000,000 to $1,000,000,000. Ships: one airplane carrier, 99,200 tons of destroyers (65), 35-530 tons of submarines (30). Aircraft: a number "commensurate with a Treaty navy." Author of the bill was Georgia's Carl Vinson. Chairman of the House Naval Affairs Committee. Washington...
...practical agreements on naval disarmament are more often reached when nations approach the diplomatic tete-a-tetes with actual evidence of disarmament as well as desire for it. Demanding smaller navies on one hand and building larger ones with the other, our government will end up by leading another armament race. The United States, because of its comparative security, is peculiarly fitted to set an example to the world in disarmament. It is disappointing that it should choose the easier way of joining with little reluctance in preparations for the next...
...compared to France's Schneider-Creusot most other armament makers are small fry. Through his company, M. Charles Prosper Eugene Schneider controls hundreds of armament firms, mines, smelters and foundries. As a bank director he finances armament loans. As the President of Union Europeenne Industriale et Financiere he has his finger in 230 armament and allied enterprises outside France. Chief of these is Czechoslovakia's Skoda. In this firm French, German, Czech and Polish directors come together in the friendliest spirit to discuss the problems of increasing European consumption of armaments...
Directors in this French-controlled armament firm joined with Fritz Thyssen, German steel man and armament maker, in contributing money which helped Hitler to power. Putative reason: because Hitler was the one man most likely to stir up war in Europe, thus increase armament orders, armament dividends. After Hitler became Chancellor, French newspapers controlled by armorers screamed for more armaments because he threatened French "security...