Word: austria
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Germany, on her part, announced the Chancellor, agreed to take responsibility for Austria's Government debts owed to Britain. In return, Britain slashed the interest payments on the Austrian loans, also reduced the interest charges on Germany's 1924 Dawes loan and 1930 Young loan, both floated to help the Reich's reparations efforts. Further, Britain arranged to take an increased amount of German goods, allowing Germany to make future debt payments from the proceeds of these additional exports...
...large section of the world's diplomats believe that five weeks ago Chancellor Hitler made a feint in Czechoslovakia's direction when he moved 170,000 troops into "summer barracks" nearer the border. He had just Nazified Austria while French and Germans stood by with open mouths. Their mouths were still open when the Reich's soldiers began ominously moving around on their side of the Czechoslovak border. In this crisis the Czechoslovakian Republic, the keystone of democracy in central Europe, marched 400,000 troops up to its side of the border and the first German over...
...19th Century Bohemian industrial revolution. Favored by the Habsburg regime, they looked down on their agricultural Czech, Slovak neighbors. In the post-War years, when the Czechs became the top-dogs they turned the national trade to their allies and friends, which dried up Sudeten markets in Austria, Hungary, gradually supplanted German capital with Czech, eased out Sudeten workers, filled Sudeten administrative, police and army posts with Czechs. Although the Sudetens form only 22% of the nation's population, they now make up 50% of its unemployed. Most of those eligible for the dole receive only 35? a week...
When Germany gobbled Austria she swallowed three indigestible items. First, Austria's foreign debts, which, from her action last week, Germany intends to digest by ignoring them. Second, while Reichsbanker Dr. Hjalmar Schacht hurried to Vienna to impound $43,000,000 of Austrian gold reserves he also realized that another $32,000,000 of Austria's foreign exchange reserves was banked abroad, $25,000,000 in London. Extensive litigation will be necessary before this money can be released and Dr. Schacht's chief fear now is that the courts will turn the money into payments on loans...
Third and soggiest lump was the fact that Austria's imports have exceeded her exports. During the first four months of 1938, Austria's adverse balance was $7,600,000, an almost insurmountable addition to Germany's own $28,400,000 adverse balance for the same period. According to League figures, Germany's net imports of raw and semi-raw materials totaled 1,731,000 metric tons (a metric ton is 2,204.6 pounds) in 1936; Austria's 1,867.000. In foodstuffs and livestock for the same year, Germany imported 2,168,000 metric tons...