Word: montagues
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Dates: during 1940-1949
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...given to Montagu Norman to attempt to reconstruct a worldwide financial system after World War I. Last week few doubted that Britain had chosen well and shrewdly in selecting Lord Catto to shoulder the even tougher responsibilities that will emerge out of World...
Four years later the reign ebbed. Last week, after a quarter of a century in which he dominated every move of the world's greatest banking institution, Montagu Collet Norman, 73, resigned the Governorship of the Bank of England, and prepared to go into permanent retirement...
World War I shattered this system, broke up the gold standard, left England burdened with debt. But the war also gave one man his supreme opportunity. Montagu Norman, descendant of three generations of bankers, veteran of the Boer War (wounded, D.S.O.), had entered the Bank's employ in 1907, fresh from an apprenticeship with Brown, Shipley...
...world came unstuck. In May 1931 followed the failure of the Credit Anstalt in Austria. In September 1931 Britain herself was driven off gold. Desperately Norman tried to glue his world together. He worked with New York. He journeyed to Berlin to see Hjalmar Schacht. And steadily Montagu Norman the man became Montagu Norman the legend...
...Grand Objective. The fact that Lord Catto, the practical banker, could work so closely with Keynes, the intellectual, was not surprising. Their cooperation grew out of a simple need, the same need which old Montagu Norman had felt at the end of World War I-the need for a worldwide currency and financial system...