Word: loans
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Dates: during 1920-1929
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...proposed loan to Germany. "Part of the plan contemplated that a considerable loan should at once be made to Germany for immediate pressing needs, including the financing of a bank. I trust that private American capital will be willing to participate in advancing this loan...
...Banque de France repaid the loan of $100,000,000 advanced by J. P. Morgan & Co. at the time of the franc's crash (TIME, March...
...international loan of $200,000,000 to ensure the successful establishment of the gold bank and to cover internal payments on account of reparations for the financial year...
What Britain Thinks. British opinion was pessimistic over the acceptance by Germany of the report. London announced that Britain would not participate in the proposed $200,000,000 loan. It was learned that delay in publication of the report had been caused by opposition of the British delegates, Sir John Bradbury and John Maynard Keynes. The latter is one of the most persistent foes of French continental policy. Keynes' book The Economic Consequences of the Peace was the first general indictment of the equity and the workability of the Versailles Treaty. Since then, as a publicist, he has constantly...
...meantime France studied the course of the late illness. It was "discovered" that France had saved the franc by her own efforts, that Mr. J. P. Morgan's $100,000,000 credit (TIME, March 17) had not been needed, that the conditions of the loan had been too severe. Inquiries in Manhattan showed, however, that the well-known medical firm at No. 23 Wall St., Manhattan, had saved the day. Reports originating from the French Ministry of Finance stated that the franc recovered when there was a rush of buyers to cover a shortage, following the operation...