Word: europeanization
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Dates: during 1930-1939
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...close watchers of European diplomacy in the last few months, the known great number of secret letters, code dispatches and contacts by personal intermediaries which have taken place between The Four Chiefs has made it increasingly certain, month by month, that Europe would sooner or later be offered a sudden and staggering proposed "Solution"- whether or not it be now accepted. Repeatedly correspondents have described Herr Hitler as bringing on the Czechoslovak crisis: primarily to break up the Russo-Czech-French alliance; secondly to get control of the Sudeten Mountains which have barred his "Push-to-the-East"; and only...
...torn Spain became a mere spectator last week as both belligerent armies virtually halted their small-scale war to watch the deepening European crisis. Leftist authorities believed that both sides in Spain would be weakened by a general European war, the Rightists because Germany and Italy would withdraw their generous aid from Generalissimo Franco, the Leftists because not only would they have little chance of receiving further Soviet aid, but Britain and other maritime powers would commandeer for their own use the tramp steamers which now run food and gasoline to Barcelona and Valencia. Leftists believed, however, that they would...
...Glendale, L. I., Vincent J. Ferrari, is launching the movement on a wider front, under the supervision of an able Paulist father, Rev. Paul Ward. Four Jocist study groups have been started. Jocist Ferrari, no worker himself, last week appeared minded to modify the thoroughly radical temper of European Jocism. Full of zeal against Communism, he seemed less interested in spreading labor unions (of which the Pope and French, and Belgian Jocists are vigorous champions) than in making "immoral" magazines in the U. S. the first target of Jocist artillery...
With that remark Mr. Morgenthau hit two nails upon the head: 1) The nervousness of people with money had just produced the sharpest break in the stock-market since last spring, commodity prices were fluttering, and throughout the nation businessmen were absorbed with one question-how would a major European war affect U. S. business? (Even if no war came at once, it was clear that the threat was likely to remain.) 2) How the U. S. was affected in 1914 is a matter of record. But since then there have been several enormous shifts in the status...
Gold. The flight to the dollar by frightened European capital last week tumbled the pound to a four-year low of $4.78⅝ and the franc to a twelve-year low of 2.68⅜. Upon the U. S. Treasury thus devolved the enormous responsibility of supporting the world's foreign exchange in order not to let the dollar go to a premium against currencies that would cut off U. S. foreign trade. Secretary Morgenthau refused to let this worry him. Declaring that the U. S. is standing by its tripartite agreement with Great Britain and France, he professed satisfaction...