Word: panic
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Dates: during 1930-1939
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...Front Government (TIME, June 15, 1936), scared money was in flight from France last week, rushing to other havens at such alarming pace that the Bank of France, striving to tempt its return, had to jack up the already high Paris central bank discount rate of 4% to the "panic rate" of 6%. The Blum Cabinet for the third time in nine months was desperately short of cash. First time this happened (TIME, Oct. 5), Finance Minister Vincent Auriol devalued the franc by 40%, carried on with the "profits" of this operation. Next time the Treasury cupboard was bare...
...Monday the dress rehearsal was staged, and it went off like clockwork except for slight difficulties among the harnessing group. For at least two of the horses refused to submit to amateur harnessers, and one of the beasts created a small panic by promptly lying down when his girth was tightened by inept hands...
...opposite end of the earth, the Union of South Africa, whose stake in gold is the world's heaviest, was agitated not by excited prospectors but by the prospect of a gold collapse. The Johannesburg stockmarket has already had one panicקast month when rumors flew that the U. S. was about to reduce the price of gold from $35 to $25 per oz. So bad was the break in gold shares that an investigation was loudly demanded in the House of Assembly with the big mining companies accused of manipulating their own stocks. "Absolutely absurd and fantastic," cried...
...club members were assembled in Manhattan's Seventh Regiment Armory. In five minutes they would begin to enact the most ambitious radio play ever attempted in the U. S., The Fall of the City. Pulitzer Prize Poet Archibald MacLeish (Conquistador, Frescoes for Mr. Rockefeller's City, Panic) had written it. Director Irving Reis of Columbia's Workshop of the Air had persuaded Orson Welles, one of the country's ablest classical actors, to take the leading role and that morning Burgess Meredith (High Tor, Winterset), the most promising juvenile on the U. S. stage, had walked...
Meantime the dollar was soaring in foreign exchange, the franc had another bad spell, and a near-panic occurred in South African gold shares on the Johannesburg Exchange. Not until after President Roosevelt emphatically denied the rumor a second time did the world's money-changers shake their jitters. The President said he knew of no plan to tinker with the price of gold, that all he knew about it was what he saw in the newspapers. He said he understood the story originated in the foreign press. Nevertheless, suspicion remained that the great gold scare had been founded...