Word: europeanization
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Dates: during 1930-1939
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Isolationists snorted at the proposal that good money be sent abroad after bad. But the President explained that the borrowers were to be good South American neighbors, not wicked European defaulters. The money would all be spent in or for the U. S., opening and reconstructing export markets. Moreover, Jesse Jones would be the watchdog on duty...
...Sarajevo's 25th anniversary, they saw on the European horizon signs aplenty that the old war-ridden continent was again facing nerve-wracking summer days of crisis...
Vladimir Poliakoff (Augur), White Russian newspaperman who snoops around odd corners of European chancelleries and sometimes pulls out something good, last week reported to the New York Times that British Foreign Secretary Viscount Halifax had sent, through an unnamed emissary, to German Foreign Minister Joachim von Ribbentrop an odd but simple and direct message: "If you want war you can have war." Almost as defiant was Prime Minister Chamberlain, who delivered the most direct warning he has yet given to the Reich and boasted about Britain's newly found military power...
Since the World War, European connections had lost a lot of their value as the capital of the financial world moved to the U. S. There was a time when Speyer & Co. could raise $50,000,000 by cable overnight without calling on a single U. S. bank. That was long years after old Philip Speyer had sold millions of dollars worth of U. S. securities abroad to finance the Civil War, made a handsome profit for the house...
Last week Jimmy Speyer, 77, wealthy, still fond of ceremonious European dining, announced what Wall Street had long been expecting: his retirement and the dissolution of Speyer...