Word: bankes
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Dates: during 1920-1929
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...Budapest, Hungarian capital, the magnificent Parliament building on the left bank of the Danube was the scene of a crisis which rapidly rocked the entire kingdom...
...members of the Opposition, threw them out on the street. Then meetings of indignation were held all over the city. Anger grew; and the city became alive with people running this way and that. The Government ordered out the Army to occupy the beautiful Royal Castle, on the right bank of the Danube, and all the State buildings. The Bethlen regime, so used to wobbling, wobbled again...
...world is already bringing new and strange borrowers to Uncle Sam's loan counter in Wall Street. By an irony of fate, many of the European countries which lent us money a generation or two ago to build our railways, are now applying to Wall Street investment banking houses for loans to improve and extend their own railroad systems. One of the basic ideas in the Experts' Plan was to extract reparation payments from the German state-owned railways. As a preliminary step to this process, however, the German roads needed working capital to place them...
...finds it in a thoroughly paradoxical situation. So exceptional have the past ten years proved, that no one yet knows quite how the system will act in normal times. It has proved its ability to weather terrific financial storms, but not to sail on smooth water. Furthermore, although Reserve Bank vaults bulge with billions of gold, the institutions are finding it somewhat difficult to pay overhead expenses, owing to the relatively small discounts by member banks...
Several facts, however, are plain. The Reserve system is today the richest and most powerful central banking institution in the world; it has replaced even the historic Bank of England as the centre of the world's money market. It has furthermore apparently survived an agrarian political attack which a century ago wrecked both the First and Second U.S. Banks...