Word: morgenthau
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Dates: during 1930-1939
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...item vital to warring Japan. In the last two years she has sold the U.S. $415,209,648 worth of gold, $4,202,856 worth of silver. She is now reported to have only about $140,000,000 of gold on hand. Last week Secretary of the Treasury Henry Morgenthau Jr. said he was taking a "fresh look" at gold and silver purchases from Japan...
...Government collected through the roaring late 1920s, but still it came nowhere near paying the Government's bills. Even in the era of the Permanently Unbalanced Budget, the bloated poverty of fiscal 1939 was something to remember. The red-ink-stained picture drawn by Secretary Henry ("Henny-penny") Morgenthau Jr. showed...
Anything but a politico is new Assistant Currie. Short, Scottish Nova Scotian Currie went to the London School of Economics, thence to graduate work at Harvard. Duly Ph.D.'d, he taught Harvard boys from 1927 to 1934 that the purpose of business is profit. In 1934, Secretary Henry Morgenthau Jr.'s then economic soothsayer (and still his privy counselor), conservative Chicago Professor Jacob (Balanced Budget) Viner, induced Currie to leave Harvard, made him his assistant. Later that year, Chairman Marriner Stoddard (Unbalanced Budget) Eccles of the Federal Reserve Board spotted Currie for his technical qualifications, made him Assistant...
...getting Key Pittman's silver bloc to join them -the price being 77.57? an oz. for domestic silver. In Hyde Park, President Roosevelt hit the ceiling. He accused the hard-money men of returning control of the U. S. dollar to Wall Street's exchange speculators. Secretary Morgenthau announced that U. S. farmers and businessmen had "better start worrying seriously" if the Senate's action stood. Neither announcement improved the Senate's temper. The President returned to Washington from Hyde Park a day early to lead the money fight in person. Only two days remained before...
Last December Secretary Henry Morgenthau Jr., who eight years ago was an agriculturist but now talks economics with some assurance, hooked his pince-nez on his nose and looked a twelvemonth ahead. Prosperity, he told his economic experts in the Treasury, would be back in 1939. By prosperity he meant something much closer to 1937's $69 billion national income than to 1938's recession income of less than $65 billions. Last week, while Henry Morgenthau was waving out the old fiscal year, the Commerce Department issued its figures on national income for the first five months...