Word: franc
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Dates: during 1920-1929
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Premier Briand and his Finance Minister were emboldened by these favorable omens. They were given the courage of desperation by the unabated fall of the franc...
...moment seemed ripe for attempting to jam through the Chamber M. Caillaux's program (TIME, July 19), whereby the Chamber should confer dictatorial power upon the Cabinet for four months to save the franc. M. Caillaux announced that the Cabinet intended to employ this power to make binding once and for all the Franco-U. S. and Franco-British debt agreements, "as is," and without further dickering...
...stroke was bold and probably judicious. For months the rival factions in the Chamber have played party politics while the franc fell-have displayed the acumen of drunkards gambling in a burning saloon. Not to stake all upon forcing some definite program to an issue, was to court more months of mad trifling while the franc collapsed. Moreover a precedent had been established for franc-saving-by-dictatorship only a few days before, when the Belgian Parliament buried its party differences, and all but unanimously conferred dictatorial power upon King Albert (See BELGIUM...
Trois. Funds for manipulation in stabilizing the franc to be drawn from: 1) An elaborate revision of French taxes calculated to produce three billion francs of new revenue. 2) Negotiation of international credit...
...their feet and hurled diverse protests. Amid wild confusion M. Leon Blum, fiery Socialist, bitter foe of Finance Minister Caillaux and Premier Briand, poured forth a tirade in which he tore M. Caillaux's proposals to tatters, pleaded for a direct levy on capital to save the franc and pay all debts, hurled awful warnings of "enslavement by foreign credits...