Word: russia
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Dates: during 1920-1929
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...This he promptly did. Premier Herriot allegedly offered the vacant Ministry to M. Louis Loucheur, prominent and influential industrialist, but the latter refused it. The post was next offered to Senator Anatole de Monzie, an ardent Catholic and a prominent henchman of the Government in the recognition negotiations with Russia. The Finance Ministry was accepted by M. de Monzie on the understanding that the Government drop opposition to the Vatican Embassy. The Premier compromised on this question by stating that the Government would permit the representative of Alsace and Lorraine− whom he proposed to substitute for the present Ambassador...
...RUSSIA...
Last week's despatches told a simple story and, like many such, its signifi- cance was great. The story was that Bolshevik Russia had reformed its internal trade policy, permitted private capitalists to operate, begun what was known as the " 'Newest' Economic Policy...
...Lenin the Late promulgated his N. E. P. (New Economic Policy)− inviting foreign capital to exploit Russian concessions sharing profits with the Government−which virtually marked the receding of the waves of Communism from the shores of Capitalism. It was a fearless step to save Russia from economic ruin. It showed that Moscow Communists, whatever else they were, were not afraid to admit their errors and rectify them; but the Party held many diehards, notably ex-War Lord Trotzky. The N. E. P. was kept in force until 1923. Private traders began to gain confidence. The Government flirted...
...Communist intransigents triumphed, began a drive against the capitalists. The N. E. P. went largely by the board. The drive was chiefly a political movement, readily understandable, since the rise of Capitalism, even in an attenuated form, must eventually spell the fall of Communism. The capitalists had been restoring Russia to economic ability, themselves to power. It was this latter factor that caused the Moscow oligarchy to attack...