Word: franc
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Dates: during 1920-1929
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...Chamber of Deputies, 425 to 135, rushed the Government Bill through, exempting from Income Tax 7,000,000,000 francs worth of National Defense Bonds, paying 3%, 4%, 41/2%, 5%, according to their term. This action was designed to check sales and help the franc...
...Socialist Deputies, aided by Radicals, fought a 21,000,000 franc subsidy to the Compagnie Générate Transatlantique to construct new liners. A motion for adjournment of the bill was defeated, 316 to 203. The bill dates from 1913, when 7,000,000 francs subsidy was approved by a convention between the Company and the French Government...
...French franc, par value until a fortnight ago the most stable currency of the Continental Allies, has recovered from a dramatic dip towards bankruptcy and is now canvalescing at a stable value...
Cause of Decline. Using the military phraseology so appealing to Frenchmen, Premier Poincare, backed by diplomatic despatches and official documents, declared that the cause of the fall of the franc was a German "offensive," operating from Amsterdam. Poincare asserted that German business houses, using 13 billions of French notes held outside of France as "a means of maneuver," had stimulated an artificial fall by false quotations. He said that "bear" gamblers had fallen into the trap and that the franc was persecuted on exchange in London, New York, Amsterdam, Vienna, Milan. In time the movement was reflected in Paris...
...result of recent War conditions abroad. The several new governments set up by the Treaty of Versailles naturally had to have some standard coin, and have thus 'been the source of several new ones. The Republic of Lavia adopted the "lat," equal to a gold French franc, or 19.3? in U. S. money. The Free State of Danzig chose the "gulden" of about equal value. Lithuania, however, in establishing its new standard coin, the "lit," fixed its value as equal to 10? in U. S. money. Poland beginning Jan. 1, 1924, introduced its new gold standard coin, the "zloty...