Word: panic
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Dates: during 1920-1929
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Thus gently reminded of their civic duty and the Fascist cudgels and castor oil, panic-stricken electors rushed to the polls to "vote the right way." More than 6,000,000 voters-over 50% of the electorate-turned out-a high record for Italy.* The new electoral system (TIME, May 28, et seq.) is a triumph of the ingenuity of the Latin mind. Broadly speaking, the party receiving the largest number of votes, providing its plurality be one-quarter of the "total vote cast, will receive 356 seats-two-thirds of the seats in the Chamber of Deputies. The remaining...
...Baker bank kept close to the late J. P. Morgan during all of his masterful career. They were together on U. S. Steel, together in the 1907 panic, together on New York Central when Commodore Vanderbilt's son abdicated...
...than Frenchmen began to fear it would rise too fast. Frenchmen, as well as others, who had to buy francs at a price higher than they reckoned, were forced to sell securities in order to meet their obligations. This caused dumping on the Bourse. And this nearly precipitated a panic...
...side, and sustain her when necessary." Mr. Morgan evidently understands the French psychology very well; said he: "It is quite understood that Germany must pay you." He went on to state that nothing in the French situation prior to the fall of the franc justified a panic; that in fact France's national wealth had increased greatly during the past two years. The attack on the franc by France's enemies was only an attempt to take advantage of the temporarily critical situation of her internal debt. The attack was definitely defeated...
...panic definitely subsided after it had become known that League plan of rehabilitating Hungarian finances had been adopted by the Reparations Commission and that W. P. G. Harding had been appointed to control finances through the League of Nations...