Word: nationalization
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Rothschild bank survived the Austro-Hungarian collapse in 1918, remained Central Europe's biggest financial house. In 1929, with a typical Rothschild gesture, Baron Louis rushed to Vienna from a hunting expedition, took over the insolvent Bodencreditanstalt, great Austrian bank, the failure of which threatened the nation's ruin. Two years later the Creditanstalt, weakened by the merger, itself failed, plunging Europe into financial crisis. Prosecution of Baron Louis was dropped when he "voluntarily" handed over $10,000,000 of his private fortune to the Government and resigned as the bank's president...
...about the decadence of his own aristocratic class. Hopeless and outmoded as most of the surviving diplomatic bigwigs of the '205, the crusty Count is convinced that his country is going to pot: "It is much to be feared that Bolshevistic ideology will again strike root in the nation. ... At present I feel that any part I might play in politics would be tilting at windmills...
...insist that Fascism is not inevitable anywhere, and that a different system of property, political and consequent international relations would result in plenty for the German people even though their soil and raw materials are poor. But whatever the truth of the Socialist argument, it is axiomatic that a nation's total well-being under any economic system is limited by two things: the nature of the land and what is under the land, and the number and ingenuity of the population. A nation of clever and ambitious people with scant natural resources has but one recourse: it must...
Before the World War Germany was a rich creditor nation, with an estimated 35 billion marks invested abroad. Although she imported more than she exported, income from this overseas capital and revenues from a merchant marine second only to England's were more than enough to make up the difference. To back a note circulation of 1,800,000,000 marks the Reichsbank held 1,370,000,000 marks in gold-double the coverage considered normal in 1914. Another two billion marks in gold currency were in circulation among the people. These liquid reserves made it easy for Germany...
...fields, assuming Germany could and would quickly take Rumania through Hungary, is short of 7,000,-ooo tons and synthetic production in Germany can hardly exceed a million tons. Furthermore, number one truism of writers on military problems is that the next long war will be won by the nation with the greatest industrial potential behind the lines. The ability to mass-produce and to service guns, tanks, planes, ships and motors will, so the military theoreticians predict, be the crucial factor. Her lack of home metallurgical supplies would indicate that here, too, a warring Germany would be behind...