Word: headedly
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Dates: during 1930-1939
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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...
...with only 7,000 men at Thermopylae, a narrow strip of dry shore between the cliffs of Mount Oeta and the swampy border of the Maliac Gulf. Hearing that a big detachment of Persians had found a way around the pass, Leonidas sent 5,000 soldiers to head them off. Xerxes then effected a great slaughter against the remaining Thermopylae defenders...
...made St. Olaf's choir what it is is genial, 68-year-old Dr. Christiansen. The violinist son of a Norwegian blacksmith, Dr. Christiansen came to the U. S. from Larvik, Norway, went to St. Olaf College 26 years ago as head of the music department. Since then he has become the college's most respected figure, and though St. Olaf's youngsters call him "Christy" behind his back, they would never dare address him as anything but Dr. Christiansen...
...endowments to hold up the Hopkins' falling prestige. But after a violent quarrel with Dr. Mitchell, President Bowman once confided to students: "No mother hen is more solicitous of her chicks than I am of Broadus. Why, there are men downtown who would like to see his head on a platter...