Word: lira
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Dates: during 1930-1939
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...these pleasant tales of motherhood to Benito Mussolini in his big office. They were representative of the 94 big winners in his More Babies Contest who have had 727 children (7.7 apiece) in the last eleven years. Each received from the Dictator last week five crisp new 1,000 lira bills, and to an Italian peasant 5,000 lire is a great deal more than its exchange equivalent in the U. S. ($263). Each also received a paid-up insurance policy. Of the 94 champions one is an Italian noblewoman, mother of seven...
When Italy had to spend every lira she could scrape together on the World War, she virtually abandoned Libya and at times enemy German submarines made so bold as to operate openly out of at least one of its harbors...
...times find us willing, with good will and loyalty, to do what they direct as though we were under legal compulsion." Meanwhile last week the tiny Papal State, the small Kingdom of Albania and the minute Republic of San Marino devalued their currencies in step with the Italian lira. In Berlin persistent rumors had Realmleader Adolf Hitler "greatly annoyed because Reichsbank President...
Hjalmar Schacht on his recent European tour did not discover the secret that France was about to devalue the franc with U. S. and British co-operation and that this would be followed by devaluation of the lira, Swiss franc, Dutch guilder, etc. Had Germany known what was coming, Dictator Hitler might have managed to join in and tell the German people that their mark was being devalued in an international concert of Economic Disarmament to which the Fatherland had been admitted with "equality" and "honor." Instead, according to Berlin observers, Herr Hitler felt last week that Dr. Schacht...
Astonishingly the Fascist Dictator, after cogitating with Italian economists in closest secrecy for a week, adopted exactly the same procedure as had the Socialist French Premier. Il Duce decreed 40% reduction in the value of the lira, bringing it to approximately 19 lire per dollar, and he also sweepingly reduced Italian import duties. Thus Fascist Italy, ordinarily considered a super-Nationalist State, was the first to follow the French lead to tariff appeasement and a better economic world. To Washington and to London was presented a supreme opportunity to join in for international economic peace and increasingly Free Trade...