Word: francs
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Dates: during 1940-1949
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Antagonism directed against the current anti-vivisection campaign continued to mount-in Medical School circles yesterday, as Doctors Eliot P. Joslin '94, Franc D. Ingraham '21, and Robert E. Gross '31 pointed out that promising experiments on heart diseases, ulcers, and cancer would be halted if the Nolan-Miles Bill were not passed...
...happened this way: Léon Blum and his Socialists had rebelled last month against measures like decontrol of consumer goods, the free market for gold and currency. To save his Cabinet, Schuman had made a costly concession. He agreed to a pet Socialist plan: withdrawal of 5,000-franc notes, which supposedly would smoke out illegal currency hoards. As soon as the announcement was made, prices went up drastically...
...French devalued the franc...
...clampdown on meat prices was another move in Premier Robert Schuman's efforts to combat French inflation and revive French industry. First, he had tried a partial return to a free economy, with franc devaluation, open trading in gold and dollars, lifting of many price controls. But when, on Socialist insistence, Schuman had called in 5,000-franc notes, many Frenchmen (especially farmers) had lost confidence in their currency. Prices continued to shoot upward. In a month the cost of onions and potatoes went up 50%, mutton 20%, carrots...
Those with small sums were paid off at once in smaller bills. Big accounts were frozen; how or when they will be paid off, Mayer has not decided. At week's end, Mayer estimated that all of the 330 billion worth of 5,000-franc notes, one third of all currency outstanding, had been turned in or destroyed, and much water squeezed out of the currency inflation...