Word: peso
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...felt deflation caused by the rising silver price, for she has a managed currency. But unfortunately her coins are silver. When silver touched 81? her coins were worth more as silver bullion than as money. Almost overnight they went out of circulation. Her smallest paper money was the five-peso note (worth about $1.52.) When coins went out of circulation Mexicans could not pay cash for anything worth less than $1.50. Business was at a virtual standstill. Hastily the Government closed every bank in Mexico, all silver coins were ordered turned in to the Government, the printing presses were...
Perfectly delighted was Professor Moley with the quaint personification of gold employed by Boss Calles in explaining Mexico's "entire freedom from the gold standard." Said the general grimly: "We marched gold out, stood it up against the wall and executed it!" The silver peso, declares Professor Moley, "is practically pegged to the American dollar. Mexico is prepared to follow the dollar, wherever it goes...
...almost every part of the globe where clothes are worn. So long does it take to assemble Singer figures from the preceding year that the annual meeting can never be held until September. Last week, having accounted for the very last nickel, yen, leu, franc, shilling, florin, drachma, peso, pengo, rupee, escudo, zloty, mark and finmark. Sir Douglas Alexander, Singer's venerable president, announced that profits for the year 1933 were...
Since the Chilean peso was falling like a plummet, no foreign firm would take over the dam job. but Chileans decided to go ahead under an engineer from, Brento, Italy, swart, indomitable Ernesto Boso. Ulen & Co. had done the first quarter of the work. On the Limari River 200 mi. north of Valparaiso. Signer Boso raised a wall of rock and concrete which slowly backed up enough water to submerge the historic colonial settlement of Recoleta, a town more than 250 years old. Last to disappear was the battered cross atop Recoleta's parish church...
...cite these facts only to persuade you that the Mexican Government in establishing a peso wage is performing a greater good than you think. I was offered an hacienda in the State of Queretaro only last year, agricultural workers included, with the understanding I need pay the more skilled workers 60 centavos a day, the unskilled only 40. And I dare say even these would top some of the sweatshop paychecks in depression New York. MARION LAY Mexico City...