Word: greenback
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Dates: during 1970-1979
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...bounced around more than the dollar, which is being victimized by exaggerated perceptions of the U.S.'s economic problems, by fluctuations in interest rates and the fickle peregrinations of Middle East oil billions. At one point in the course of some fast and furious trading last week, the greenback was down nearly 14% against the Swiss franc and more than 8% against the West German mark from where it was only two months...
...dollar's true strength or weakness against other European currencies is difficult to judge because of a series of special circumstances. The greenback has dropped just a bit against the French franc because Paris is deliberately holding the value of the franc down in order to gain a trade advantage over other countries. The Italian lira is in trouble as usual but even so, it has gained against the dollar since January-though only because the Bank of Italy has been spending as much as $100 million a day to prop up the lira's price...
...most notable was the Democratic-Farmer-Labor Party that Hubert Humphrey helped nail together in 1944 just before he became mayor of Minneapolis. The Farmer-Labor Party was radical in its origins, with mostly rural, Scandinavian Protestant members and roots in the antimonopolist, Greenback and Populist movements. The Democrats were mostly urban and more conservative, with strong Irish, German and Catholic elements. Within a decade of the merger, the D.F.L. emerged as the dominant force in Minnesota politics, breeding a remarkable collection of national figures like Humphrey, Orville Freeman, Eugene McCarthy and Walter ("Fritz") Mondale...
...DOLLAR: Foreign moneymen remained skeptical that Nixon's latest economic initiatives will be enough to revive the ailing dollar soon. As a result, the international exchange rate of the greenback continued to drift lower against most currencies, falling to 2.54 in German marks and 4.22 in French francs...
...dollar. Within two days after bullion markets opened, the price of gold shot from about $96 per oz. to about $109 in Zurich, $110 in London and an astonishing $124 in Paris. The rise was accompanied by a decline in the price of the dollar. For example, the greenback dropped about 2? against the British pound, which rose...