Word: centralization
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Dates: during 1930-1939
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...American Express has done "easily half" the Fair business it had anticipated. Since the Fair opened, Baltimore & Ohio traffic has been double 1938; Pennsylvania Railroad up 20%; New York Central a meagre...
China's onetime Premier Wang Ching-wei, who is hourly expected to bob up as head of a super-puppet government in Nanking, broadcast an appeal from Japanese-held Canton. He begged South China to break with the Central Government, make peace (under himself) with Japan. Wang sniped at his old rival Generalissimo Chiang Kaishek, whose tremendous popularity, along with Wang's lack of it, has undoubtedly been the main incentive for the would-be-puppet's campaign. Himself a Cantonese, Wang subtly appealed to his fellow Southerners on the grounds that South China, in olden times...
...college, he got a job in the German Government bureau directing the flow of raw materials through Germany. In no time, he headed it. At 27 he persuaded Belgian industrialists to accept the paper currency issued in occupied territory. After the War he managed Germany's central monetary office, where his first job was to organize the Amsterdam branch of the famous, 125-year-old Mendelssohn & Co. Bank. The branch grew bigger than the tree. At 30, Fritz Mannheimer set up Mendelssohn & Co., Amsterdam, as an independent bank, made himself its head...
...then on, Fritz Mannheimer was a regular E. Phillips Oppenheim character. Mysterious (few people even knew his name), powerful, grasping, he began to formulate the financial policies of nations and to get fat. At one time he worked simultaneously for the German, Austrian, Czech, Polish, Hungarian, Yugoslav and Rumanian Central Banks. Twice he turned down the presidency of the German Reichsbank, the second time proposed Dr. Hjalmar Schacht in his place. Schacht got the job. He began to buy antiques-among them the valuable Eucharistic Dove stolen from Salzburg's Cathedral. He was too skeptical to have any truck...
...would have been defeat for the U. S. (Said Partner Davison later: "Some of us in America realized that this was our war from the start") and bent their energies to help. When Allied purchasing agents in the U. S. began fruitlessly bidding against one another, the Morgans became central purchasing agent to the Allies, and Morgan Partner Edward R. Stettinius (whose Son Edward was to become chairman of U. S. Steel 21 years later) bought $3,000,000,000 worth of U. S. goods for shipment to England and France...