Word: content
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Dates: during 1930-1939
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...refinance farm mortgages at 4½%. He could compel the Federal Reserve to absorb $3,000,000,000 worth of U. S. securities. He could issue $3,000,000,000 worth of paper money, backed only by the good name of the U. S. He could cut the gold content of the dollar to 50?. He could order the free coinage of an unlimited amount of silver at a gold ratio of 16-to-1 or any other ratio he chose. He could cut War Debts about 30% this year by accepting payments up to $200,000,000 in silver...
...fund would be raised to ?200,000,000 possibly to ?500,00,000 in preparation for a duel with the dollar. Wrote Economist John Maynard Keynes: "It demonstrates that we intend to remain the masters of our own situation. The United States is perfectly entitled to reduce the gold content of the dollar. There is much to be said for this policy, not only for America but for the rest of the world; but we must be firmly resolved to maintain the relative exchange value of our own currency at a figure adjusted to our own wage levels." The Financial...
...Almost unbelievably calm, good-natured, efficiently hardworking, she had run the Shaw household ever since her mother's death. Idealized type of what a farm woman should be, Jen was as understanding as the next one, never bothered her head about not being appreciated; she was well contented to stay forever where Providence had put her. It was Jen who found time, over & above all her mending, cooking, sewing and cleaning, to keep the Shaw family running smoothly. When Ed's black New England sullenness was too much for the pretty school-teacher he was going to marry...
...bristling with immaculate greenness. Through the ploughing wind he walks, feeling like a dog whose hair is blown back straight over his eyes, caressed and washed by the rapid air. Only now, through the deep blue dusk, a press of desire comes upon him, he is no more content with the street, the passers-by in their bright clothes, the scented dust that fills the air; but longs for a sudden furtherance...
Answer 4. Devaluation of the dollar, which the President was all against three weeks ago, he is now willing to consider- partly to please the ardent inflation block developing in Congress, and more important, to solve the problems of international exchange. But having cut the gold content of the dollar to 80? who can be sure that he will not cut it again to 60?. So the question remains...