Word: reales
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Dates: during 1930-1939
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...with Jönköping on very favorable terms. The new trust, called the Swedish Match Company Ltd., was capitalized at 45 million kroner, and Kreuger emerged as boss. Faced with renewed competition after the War, Kreuger took advantage of depreciated currencies to buy up match factories and real estate in Poland, Belgium and Germany. He emerged from the War as the match king of the world-to fail and go crooked in the 1929 depression...
...March had cornered the Spanish oil and petrol business. He sold shoes to the French army, traded coal and munitions to both sides, delivered American wheat in his ships, and built up a spy service that was available to all comers. Some of his profits went into Majorcan real estate, some into the National Sugar Trust. By the time the Spanish revolution broke in 1936 this grasping old man, now an octogenarian, had so compounded his World War profits that he was able to lend General Franco at least $50,000,000, according to an estimate printed last April...
...money profits of neutrals rose with war-induced inflation but the profits were for the most part taken from them by the high cost of living. Everywhere war produces a shortage of the goods that make for real prosperity in peace. For war is the opposite of free trade. A world war shuts off trade, like shutting the gate of a dam, at one clap, and it may take years for a mutually profitable exchange of goods and services to reestablish itself...
...ends the markets for war-built industries collapse and those who have built them may lose their investment. But the plants so built are not lost. New markets are eventually found for basic industrial products and the greater part of such industries remain as assets to society, producing real wealth...
...goods-whether food or cannon-which are exported to belligerents. Experience of the last great war shows that they might as well be burned or dumped at sea, for little if any real wealth is ever received in payment for them. They are paid for only with promises to pay or with gold, which is virtually as useless, so that war-born prosperity remains an illusion. Even after the war, if debtors try to pay by shipping goods, creditors commonly lock them out by tariffs...