Word: italianization
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Dates: during 1920-1929
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Signer Benito Mussolini abandoned, last week, his most heroic financial policy: the attempt to increase the value of Italian paper money until it should stand at par (TIME, Sept. 13, 1926 et seq.). Admission that this policy is impracticable was shrewdly avoided by Il Duce up to last week, when he found a way to mask failure behind a dazzling cabinet decree. This document, issued with a triumphal flourish, establishes the lira on a gold basis? not, however, at par (five lira to the dollar), but at 19 to the dollar, the new ratio being slightly lower than the ordinary...
Observers saw in this candid, concise, lucid statement one more proof that Count Volpi epitomizes the best type of self-made Italian business man. Sprung from an old but untitled Venetian family, he was obliged when a boy to earn his living by manual labor. Came an opening in the Levantine shipping trade, and he plunged into a career during which he built up a great chain of trading establishments between Italy and the Near East. Rich, potent, he turned from business to devote himself brilliantly to affairs of state. Premier Giolitti entrusted to him the negotiation of the peace...
...over next-to-nothing moved rapidly to adjust their differences last week. At Rome, Signor Benito Mussolini said: "I believe that a full, cordial and lasting understanding between France and Italy is possible and indeed, necessary. . . . When diplomacy has completed the preliminary work, a meeting between the French and Italian Foreign Ministers* will be logical." Thus he replied to Foreign Minister Aristide Briand of France who recently declared: "I would meet him [Mussolini] at any time without displeasure." (TIME, Dec. 12). As an earnest that these sentiments are sincere, the French Government suppressed, last week, the anti-Fascist journal Corriere...
...Italian Foreign Minister is, of course, Il Duce himself. He is also Prime Minister, Minister of the Interior. Minister of War, Minister of Marine, Minister of Aeronautics, Minister of Corporations...
President Coolidge was there. So were Mrs. Coolidge, Mr. & Mrs. Frank Waterman Stearns, the British Ambassador & Lady Isabella Howard, the Italian Ambassador & Nobil Donna...