Word: scale
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Dates: during 1930-1939
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...During the boom which preceded the depression, many countries borrowed abroad on a large and even reckless scale. When prices collapsed, these countries experienced great difficulty in meeting their foreign obligations and were compelled, in order to conserve their gold supply and to limit the depreciation of their currencies, to restrict their imports and to control the export of gold...
...prosperity is to be fully restored one of the things to be done is to stimulate the demand for labor and goods by reviving investment on a large scale. This, in turn, requires not only political stability in the countries which seek capital but also moderation in tariffs--particularly those of the lending countries--in order that the flow of trade may adjust itself to the distribution of international investments and that nations may borrow without jeopardizing the stability of their currencies. Of particular importance is moderation in our own tariff policy...
...world. This is no longer possible. We are now the second largest creditor nation in the world; adherence to our traditional, policy means that we shall attract gold in great volume and jeopardize the gold standard in many countries whenever we fall to lend abroad on a large scale. A few people mistakenly believe that our recent heavy gold losses indicate that our pull upon the world's gold supply has ceased. But these losses are only temporary and have been largely due to the conversion of foreign bank balances and bill holdings here into gold. The effect...
...nine chains which are worked separately by the left hand; the fourteenth is worked by the right foot, and it takes two men to operate the fifteenth, and largest. "The usual procedure," relates Mr. Swift, "is for the operator to start (jiggling) with his right hand, proceed down the scale with his left, bring his right foot into play, and nod his head for the two strong men to start ringing Bell No. 15." No tune results, but there is a terrific clangor...
...England, according to reports, there is little excitement--less, it seems, than in the United States. Difference in the Eastern and Western interpretations of catastrophe makes what we might call war a bit of large-scale policing to the Orientals. It is intelligent to discuss the crisis in terms of proper proportion. It is unintelligent to become worked up over nothing more substantial than an impressively warlike front page, bearing antique military photographs and often pitifully weak news articles; all these appear under headlines that clearly stamp the issue at its true value...