Word: franc
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Dates: during 1920-1929
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...sooner did the franc begin to rise than Frenchmen began to fear it would rise too fast. Frenchmen, as well as others, who had to buy francs at a price higher than they reckoned, were forced to sell securities in order to meet their obligations. This caused dumping on the Bourse. And this nearly precipitated a panic...
...general, all Frenchmen rejoiced to see the franc go up, however fast. Monday...
Cause of Recovery. This theory, rather than M. Poincare's sensational views which are presumably designed for campaign purposes, is borne out by the conditions that led to the franc's recovery...
After the protracted struggle in the Chamber of Deputies (TIME, Feb. 18 et seq.) the Emergency Taxation Bill, which had since the fall of the franc become indispensable to the negotiation of the loan of $100,000,000 from J. P. Morgan & Co., faced the possibility of defeat in the Senate. There the Government rested on a doubtful majority...
...days' battle in the Senate was momentous. On the first day, the energetic little Premier disposed of the concern over the fall of the franc by exulting that the "counteroffensive" of the Bank of France had routed the enemy. He announced that relations with Ramsay MacDonald were good, that the U. S. was cooperating "with France, and then sat back to listen...