Word: franc
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...franc reflected the extreme gravity of the situation. It sank to a record low for the past two years: 28.09 francs to the dollar in Paris, 3.51% cents to the franc in Manhattan...
...contribution to the already seething cauldron of European politics, one even more ominous than the decline of the franc, is the news that a Fascist movement is underway in Germany. Taking advantage of the anti-administration reaction to the Genevan disappointment, Dr. Alfred Hugenberg, through the influential medium of the Telegraph Union, a news syndicate which he controls, is about to launch a nation-wide campaign to promote the establishment of a dictatorship, Meanwhile he hopes to win over the various anti-republican factions to his standard, thus forming a powerful organization corresponding to the black shirted myrmidons of Mussolini...
...Reason. Throughout the world financiers placed this discouraging value upon the franc (the record "low" since the Morgan loan) because at Paris there continued, in the Chamber of Denuties, that ignoble squabble (TIME, Feb. 22, et ante) which has brought the legislative machinery of France to practically a full stop within the last few weeks...
...official low was recorded on the Manhattan Stock Exchange, March 19, 1921, at 3.46¢ per franc, or 28.61 francs per dollar...
...Budapest occurred further scandalous developments in connection with the notorious "Thirty Billion Franc Forgery" (TIME, Feb. 1). Although some four to six policemen guarded every streetcorner, the Opposition Leader, Deputy Vasony, a former Minister of Justice, found himself looking up the muzzle of a revolver as he left the Parliament House, at dusk...