Word: britain
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Dates: during 1920-1929
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...allotment to France, Belgium and Italy of nearly all the sums "unconditionally" pledged by Germany "in kind" (i.e., in commodities like coal) for the next ten years, whereas Mr. Snowden wanted them stopped at once, believing that they constitute "dumping" and are ruinous to Britain's depressed trade...
Declaring pungently that Great Britain is tired of being "Europe's henpecked husband," Chancellor Snowden demanded that the conference take steps to modify the Young Plan in accordance with his wishes. Trembling with earnestness, clutching the heads of his canes until his knuckles showed white, his hurled his ultimatum: "I have behind me the unanimous support of my government, the support of the House of Commons, irrespective of the party in power, and the support of the entire population of Great Britain. I speak frankly. I cannot compromise...
...gave up what you never could have gotten anyway ! " shouted back Chancellor Snowden. "No reply has been made to my arguments. . . . But if you have started talking of sacrifices I will tell you of sacrifices! . . . Great Britain has a War debt now more than twice the War debt of any other nation...
...Scot. The full staggering power of Chancellor Snowden's punches was not felt until Mr. MacDonald officially declared: "In view of the statements so widely read on the Continent that Mr. Snowden is bluffing, I want to make it perfectly clear that the claims he is making that Great Britain has now reached the limit of bearing unfair burdens have all of our support...
Such a step would put a heavy strain on British industry. Legitimate and necessary business borrowing within Great Britain would be regrettably curtailed by so high a rate. When the news flashed from Manhattan that the U. S. Federal Reserve Bank had unexpectedly boosted its rediscount rate a full percent, to 6%, it was clear that something must be said or done...