Word: funds
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Dates: during 1930-1939
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...President Roosevelt worked long & hard last week over a tougher, more immediate problem -Relief. He had made it his peculiar personal problem when he asked and got from Congress $4,000,000,000 and the right to spend it as he saw fit. With this fat fund firmly in hand, his promise to the country was to end the dole and give 3,500,000 jobless real jobs. And by last week he was up against a hard mathematical fact: $4,000,000,000 divided among 3,500,000 jobs gave only...
Since most foreigners hotly resent the dumping abroad of German goods at below-cost-of-production prices, Economics Minister & Reichsbank President Dr. Hjalmar Schacht has moved with extreme wariness in setting up the 1,000,000,000 mark ($400,000,000) revolving fund to force German exports out upon the world...
...profits into deficits. Even firms notoriously in the red have been assessed and were paying up last week, as Tsar Schacht brusquely demanded that 100,000,000 marks be collected by June 15. Efforts to draw from the Ministry of Economics some explanation of how the $400,000,000. fund will revolve were met by bland assertions that it is covered by no law and hence must be considered an unofficial German movement of economic selfhelp. This explanation, German officials seemed to hope, may protect their Government from foreign charges that Germany has resorted to dumping as a weapon...
...will supply Dr. Schacht evidence that it could sell 1,000 Mercedes rear-engine cars in the U. S., if it could cut the present Manhattan delivered price of $1,350 to perhaps $800. This it could do only if granted a subsidy out of the $400,000,000 fund. Should Mercedes be considered deserving in this case, it would get the subsidy...
...which, like all foreign money possessed by Germans, would be at the Government's disposal, necessary purchases could be made abroad of materials now urgently needed by Realmleader Hitler's fast expanding Army, Navy and Air Force. Last week in Berlin most businessmen agreed that the dumping fund was set up chiefly because German War Minister General Werner von Blomberg has been loudly complaining that he cannot get together a proper lighting force if obliged to equip it with German Ersatz (substitute) materials...