Word: blocs
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Dates: during 1930-1939
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...since the dollar was devalued a year ago. A frenzied scramble sent the dollar soaring in terms of francs, guilders, sterling, yen, and at one time it sold nearly 3? above the gold franc parity. The pound sank to $4.83½, lowest price since November 1933. Bids for gold bloc currencies practically vanished. Wild flew reports that trade contracts were being canceled right & left, and for several hours the whole foreign exchange market was completely demoralized...
...announced that he would not be a candidate for reelection when his term expires next May. Observers anticipated that since B. I. S. was originally founded to promote the gold standard which the U. S. has now abandoned, Mr. Fraser's successor would be chosen from the gold bloc...
...defense program of the Soviets in Eastern Siberia, industrial projects, strategic railway, settlement of veteran soldiers on the frontier, and the possible formation of a Turkey-Persia bloc on the Southern pathway to the Orient formed two other salients which Professor Hopper particularly stressed in his talk...
...winning huge votes of confidence from Chamber and Senate on a program of rock-ribbed gold standardism (seep. 21). The gold cover behind French currency stood at over 80%. Even so, psychological pressure was great. After-effects of the French crisis fortnight ago kept the currencies of four gold bloc countries (France, Belgium, Netherlands, Switzerland) fractionally below the gold export point all week. President Roosevelt, by relaxing completely the lax treasury restrictions on export of U. S. capital, convinced Europeans that the U. S. is now a better place to which to send their money than heretofore...
Since both the Catholic and Liberal parties have pledged themselves to maintain the belga on gold, Dr. Sap should have been popular among his colleagues. He balanced the budget last month, and, with Foreign Minister Henri Jaspar, rallied all the gold bloc countries to stand together at the Brussels Conference (TIME, Oct. 29). In the end, however, Dr. Sap's economies, imposed on each and every Minister, made him the Cabinet's Simon Legree. When, having already cut civil servants' salaries 24%, Dr. Sap insisted last week that he must cut them 5% more, the Cabinet resigned...