Word: funk
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Dates: during 1930-1939
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Five years ago, to dissipate the blue funk into which collectivization had thrown the peasantry, each farm worker was granted his own small private piece of land on which he might raise a few cows, pigs, fruit, vegetables. The decree provided that the garden plots must adjoin the owner's cabin. Because in many villages houses are crowded close together, this stipulation could not always be followed, and the private plots in many cases were well away from the village, scattered around the collective fields. The peasants have worked like demons on their tiny pieces of private property...
Schacht to Funk. Even before Hitler the Germans had been forced to experiment with foreign exchange control. With exports falling in 1933, Hjalmar Horace Greeley Schacht, head of the Nazified Reichsbank, first prohibited the transfer of interest on German foreign debts and then evolved a system of control boards to balance imports and exports. Out of these equilibrist schemes grew the blocked currency accounts and the barter devices, with the Germans paying foreign exporters in special marks good only for German goods at a price lower than the internal price level. Boycotts and currency difficulties kept lopping off chunks...
Recent replacement of Schacht by Dr. Funk as Reichsbank head has revived talk in U. S. newspapers of internal German inflation. Proponents of Nazi economic methods argue, however, that "inflation" is a word that has no meaning in relation to Nazi finance. The Nazis have, almost from the beginning, supplemented tax receipts by debt-creation" through forced loans. With the "secret" debt added to the acknowledged public debt of 40,000,000,000 marks, the total Government deficit may be as high as 54,000,000,000 marks. But prices #151;the popular measure of inflation- have not risen markedly...
...Funk & Wagnalls...
From Propaganda Minister Dr. Paul Joseph Goebbels came a symposium of German movies from 1910 to 1939. Labor Front Leader Dr. Robert Ley presented a Volkswagen, the cheap German-manufactured car not yet available to the public. For the Reichsbank Dr. Walther Funk gave a version of Titian's Venus at the Mirror which official Germany now accepts (although many art critics do not) as one of two authentic originals of this painting...