Word: france
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Dates: during 1930-1939
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...intimate friend of a famed saint. In his native Normandy many years ago Papa Cheron used to play the guitar while the "Little Flower," St. Therese of Lisieux, sang hymns. As Finance Minister in the successive ministries of Poincare, Briand, Tardieu, he helped to keep the franc stabilized after the crucial days of 1926-27, and left with a budget surplus of 19,000,000,000 francs. But ending inflation was a simple matter compared with cleaning up l'Affaire Stavisky. Frenchmen have forgotten about St. Therese and the budget of 1930. They only remember that the greatest political scandal...
That meant that France, Holland, Belgium and Switzerland must rally to a last desperate defense of their gold standards. Their first stand came quickly?when Liege, fourth city of Belgium, suddenly defaulted on its debts. The Government promptly stepped to its aid but pressure on the Belga spread to other gold-bloc currencies, and for the first time in two months the dollar rose to parity with the franc...
Next he assured the tax-paying rentiers that there would be no devaluation of the franc...
...advocates of devaluation would lead the franc to zero. They would ruin all France and finally ruin that famous French woolen stocking that people abroad sometimes laugh at because they are envious of it. Perhaps someone will say to me that the currency, once devalued, can be restored again. That is impossible when it no longer has any value. You cannot bring the dead back to life...
...sells sewing machines in almost every part of the globe where clothes are worn. So long does it take to assemble Singer figures from the preceding year that the annual meeting can never be held until September. Last week, having accounted for the very last nickel, yen, leu, franc, shilling, florin, drachma, peso, pengo, rupee, escudo, zloty, mark and finmark. Sir Douglas Alexander, Singer's venerable president, announced that profits for the year 1933 were...