Word: franc
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Dates: during 1930-1939
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...Washington tended to weaken confidence in the dollar and make it fall; therefore the British Exchequer, which is resolved for reasons of trade not to let the dollar become much cheaper than the pound, took steps to weaken its own currency. The means adopted was to sell sterling against francs and these the British Exchange Equalization Fund hastily converted into gold to protect itself against possible devaluation of the franc. During the week over a billion gold francs fled France and it was possible although not yet probable that U. S. fiscal manipulations, which have already shoved China...
...fortnight ago caused the resignation as British Foreign Secretary of Sir Samuel Hoare (TIME, Dec. 30). From Paris to London to sit in the Commons gallery during that fracas dashed the dynamic French Deputy who for months has been trying to upset the Laval Cabinet in order to dislodge France from the gold standard and start inflation or devaluation of the franc. Last week M. Paul Reynaud was back in Paris and, although no expert in foreign affairs, had primed himself to achieve his economic ends, if he could, by whipping up against Premier Pierre Laval a popular storm such...
...cable from France last week that you thought the franc about to go off gold was to risk being deported under Premier Pierre Laval's new and drastic decrees for defense of the franc. Into Paris mailboxes vexed correspondents popped dire franc predictions. These, unopened, safely reached London, Brussels, Amsterdam. Everyone knew anyhow that gold was again in flight from France in the nearest thing to panic since last spring. Three successive uppings by the Bank of France of its discount rate failed to halt the flow. Instead it quickened. The radical parties opposing M. Laval redoubled what they...
...franc weakened somewhat and Premier Pierre Laval was harassed last week by French Radicals, Reactionary Captain Henri Bonneville de Marsangy attended a Radical meeting, raised a bucket of blood high, deluged Radical onetime Minister of Interior Eugène Frot. To inquisitive police peppery Captain de Marsangy replied with a snort, "Of course I got the blood at a slaughterhouse...
...Widow Maupas worked to clear her dead husband's name. Last year a court especially constituted to review such cases ruled that the 21st had been pushed beyond the limits of human endurance, declared that the executed corporals had been valiant men, awarded their widows damages of one franc each. Meantime General Réveilhac had retired to his fine country estate, been made a Grand Officer of the Legion of Honor, died...