Word: austria
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Dates: during 1930-1939
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Last week a report was circulated in New York that Lloyds was laying 5-to-1 on war somewhere within six months. Massed troops around Austria might mean nothing-but that territory remained the powder box of Europe. More informative than such fearful talk was an article appearing last week in the March FORTUNE on the world's armament industry. In it were detailed the companies which make war possible and the men who sell the products of those companies internationally. Prime FORTUNE facts...
...Under Secretary for Foreign Affairs, who had been discussing a possible Italian-Austro-Hungarian trade alliance with the Hungarian Government. He closeted himself for several hours with little Chancellor Dollfuss, then rushed off for Rome. In Trieste, earlier in the week, Italian police suddenly arrested three Nazis bound for Austria, seized trunks full of smoke and tear gas bombs, bundles & bundles of pro-Nazi propaganda. In Vienna Heimwehr troops suddenly assembled with rifles, full equipment and rations for three days, piled into motor trucks and departed. Such was Austria's first week after the bloody suppression of the Socialists...
Appropriately launched upon his career as the son of an influential Austrian industrialist, Joseph Alois Schumpeter was born in 1883, in an Austria just beginning to feel the effects of its Industrial Revolution already well under way. As a young man, he studied law, receiving the degree of J.U.D., at at the age of twenty-four, and immediately thereafter, more or less on a lark, went to Cairo to plead cases among the Africans in King Edward's newly created civil courts. Interested in the intense opposition put up by the Egyptians to the vigorous reorganization of their political...
Lured into politics by the excitement of the war and by his conviction, unpopular as it was articulate, that victory held nothing for Austria, Professor Schumpeter was appointed in 1915 to the Commission for the Socialization of industry in Berlin, on which he served until the socialist premier Renner called him to Vienna in 1918 to accept the Finance portfolio in the new coalition government being formed to replace that of the recently abdicated Emperor Charles...
Caught between the two fires of Bolshevist governments in Prague and in Munich, and faced with preserving order and the semblance of a state even before the Treaty of St. German had assigned Austria her new boundaries, the most pressing problem faced by Schumpeter's government was how to preserve the loyalty of the Vienna police. Carrying this and also the task of reorganizing the monetary system of a dismembered country to a successful conclusion, Schumpeter presented early in 1919 a budget designed to prevent the paper currency inflation which subsequently followed; but the legislature rejected it by a narrow...