Word: j
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Dates: during 1930-1939
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...defeat of Dr. Colijn's hoary oldsters was a victory for democratic theory which asserts that governments should represent majority opinion. Unfortunately the Dutch Parliament is so split among minor parties that not one of them can command a sure majority. Last week Dr. D. J. de Geer, leader of the Christian Historical Party, smaller but a shade less conservative than the Anti-Revolutionaries, formed a new Cabinet. Now that they are rid of stiff-necked Dr. Colijn, the Socialists and Catholics may well be ready to support a compromise policy...
...hardly started when the Allies had to appeal to the House of Morgan for help in financing their huge purchases in the U. S. First, J. P. Morgan & Co. advanced credits of a few millions. Then, when the Wilson administration gave its consent, Allied loans were floated publicly to a total of about $2,500,000,000-mostly through Morgan auspices...
...House of Morgan was not merely an Allied fiscal agent. Its partners, notably J. P. Morgan himself, the late Henry P. Davison and Thomas W. Lamont believed, long before the public did, that a defeat for the Allies would have been defeat for the U. S. (Said Partner Davison later: "Some of us in America realized that this was our war from the start") and bent their energies to help. When Allied purchasing agents in the U. S. began fruitlessly bidding against one another, the Morgans became central purchasing agent to the Allies, and Morgan Partner Edward R. Stettinius (whose...
...biggest fortunes-and the shady fortunes-were mostly made outside of the U. S. in countries which remained neutral. Before 1913 the Swedish match business was divided between a great number of small individual match factories and the large combine of Jönköping. Just before the War Ivar Kreuger had managed to combine the smaller companies into the United Swedish Match Factories, with a capital of four million kroner. This company, like its rival Jönköping, was faced with War-created difficulties in getting raw materials. But Kreuger made deals with belligerents, guaranteeing...
...December 1917, the new combine had built itself up to the point of amalgamating with Jönköping on very favorable terms. The new trust, called the Swedish Match Company Ltd., was capitalized at 45 million kroner, and Kreuger emerged as boss. Faced with renewed competition after the War, Kreuger took advantage of depreciated currencies to buy up match factories and real estate in Poland, Belgium and Germany. He emerged from the War as the match king of the world-to fail and go crooked in the 1929 depression...