Word: rate
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Dates: during 1920-1929
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...purse was not plump one morning and lean the next. Such epochal movements of gold bullion are necessarily slow. All summer airplanes have been hopping off gold-laden from England. Many winged to Germany, attracted by legitimate opportunities for high return offered in the Reich, where the discount rate of the Reichsbank stood at 7½%, a potent magnet. But even more gold planes sped to France, and that was passing strange. With the Bank of France's rate at 3½%, the zeal of that institution to acquire and hold gold bullion was regarded in London as distinctly ominous...
...Bank of England, in his quiet sanctum, Montagu Collet Norman sat one morning last week, and probably he stroked in anxious meditation his courtly Vandyke beard. Invisibly the battle of gold was on. It was a question whether to call out the ordinary reserves?whether to raise the rediscount rate of the Bank of England...
Such a step would put a heavy strain on British industry. Legitimate and necessary business borrowing within Great Britain would be regrettably curtailed by so high a rate. When the news flashed from Manhattan that the U. S. Federal Reserve Bank had unexpectedly boosted its rediscount rate a full percent, to 6%, it was clear that something must be said or done...
Manhattan papers were prompt in harassing college professors for answers which were quickly printed. An exception was the New York Mirror, gum-chewers sheet, which decided to print the questions and answers under the caption "Ediquests" at the announced rate...
...Work is force acting through space. Energy is capability of doing work. Power is the time rate of doing work. Work is lifting 50 pounds to a table three feet high, exerting 150 foot pounds. You increase the energy of the weight by the process, adding 150 foot pounds to it. If you do it in ten seconds you exert a power of 15 foot pounds per second. Weight is the force by which the earth attracts a body, and is variable. Mass is a measure of inertia and does not vary. Energy is force multiplied by distance. A body...