Word: pounded
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Dates: during 1930-1939
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...trade. Though Secretary Morgenthau called this pact, secretly negotiated by transatlantic telephone, a "new type of gold standard," it was really nothing more than a technical extension of the U. S.-Franco-British agreement of last month to use their respective stabilization funds to steady the dollar, the pound and the franc (TIME...
...final pattern of world currency stabilization, this week's international deal set no ratio between the dollar, the franc, and the pound, left that to be developed by the course of trade. Any other country with a stabilization fund and a desire to end international currency fluctuation was welcome to join Secretary Morgenthau's party. As for the ordinary citizen of France, of Britain or of the U. S., this week's gold pact changed his monetary routine...
Devaluation and "alignment" of the franc at about 21 to the dollar and at about 101 to the pound sterling was only a fraction of what Socialist Blum, who was strongly pressed by the Communist Deputies among his supporters, had sought to obtain from Parliament. Ignoring the peasantry, the numerous artisans and small shopkeepers and the French middle classes, the Communists got the Premier to write into his bill a measure which would automatically have raised the wages of proletarian factory workers and other small-salaried employees on a sliding scale in exactly the proportion that French living costs rose...
Simmons, a Senior, was a Varsity tackle two seasons ago, and a member of the starting eleven his Freshman year. He also stroked the Varsity crew at New Londin in 1935. In the 190-pound class, he will be a welcome addition to the line. Glueck, a guard, who prepared at Exeter is in his Sophomore year. He was a starter on the Freshman eleven two years ago, and was out of College last season...
...propose to use them separately within the vague framework of an informal agreement. With the understanding but a week old, yesterday's news brings report of a disagreement already existing between Great Britain and the United States as to what the parity should be between the dollar and the pound, for, as might be expected, the English bankers and economists have no especial love for the figure of $4.87 to the pound, the rate which played havoc with their trade during the twenties...