Word: germanic
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Dates: during 1930-1939
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...German museums have kept their excellent modern collections in cellars since the Aggrandizer of the Reich defined modern art as "degenerate." Last week they attempted to sell some choice examples of degeneracy on the international market. Up at auction in the big ballroom of the Hotel National in Lucerne, Switzerland, after having been displayed appetizingly for six weeks there and in Zurich, were 125 works by van Gogh, Gauguin, Picasso, Braque, Matisse, Modigliani, Lehmbruck, Barlach, Chagall, Hofer, Klee, Grosz and others...
...then was beginning to find homes in the country and entertainment in the metropolis. Dana made his museum of interest to working people and the middle class. In 1912 he got up the first industrial arts exhibition ever held in the U. S.; 1,300 items of Austrian and German craftsmanship. He arranged an exhibition of jewelry (something Manhattan's Museum of Modern Art has not yet got around to), displayed New Jersey textiles, New Jersey bath tubs. New Jersey citizens came in droves...
...masters of power politics. Europe's Cartel is about two-thirds Potash Syndicate of Germany, some French, less Polish. Its bankers are British. Spain, an independent producer, thoroughly undercut the trust's prices in 1933 and 1934. But in the spring of 1935 the Syndicate, thanks to German control of Spain's oldest potash company, made a tentative deal with Spain. Immediately the world price snapped back from its trade...
This deal was soon voided when Spain's Republican Government nationalized the potash fields. Since Russian potash (fully occupied feeding the soil of the steppes) was the only other European rebel against Cartel discipline, German and French potash magnates sniffed the rise of a rival Socialist combine. So did their London bankers and sales agents-J. Henry Schroder & Co.-a firm which is an economic booster of the Rome-Berlin Axis. Franco's victory ended their fears, brought Spain back into the potash axis...
Meanwhile, Schroder & Co. had helped to form a company named Compensation Brokers, Ltd., which gave Germany strategic raw materials on the cuff. Germany's resultant debt served as an argument to push such German exports as potash in order to increase Germany's ability to pay. Last year, however, was a poor year: Schroder & Co. reportedly sold only $20,000,000 worth of the German Syndicate's potash...