Word: trades
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Dates: during 1930-1939
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Paradoxically Dr. Schacht chose to kill Germany's export trade with the U. S. as the easiest way to kill the U. S.'s export trade with Germany. For years these two forms of trade-normally independent of each other within limits-have been rigidly interlocked by the Nazis' iron rule that Germany buys only where Germany sells and in substantially balancing amounts. Therefore last week Dr. Schacht was not simply cutting off Germany's nose to spite her face but, in complex fashion, was cutting ultimate U. S. exports to Germany when he abruptly...
...only released or unblocked for transactions which the Nazis consider "essential." Last week these were killed, so far as the U. S. is concerned, when Dr. Schacht completely suspended payments in Aski Marks. He also killed "Barter Marks." In the past more than 50% of all German-U. S. trade has been conducted in Aski Marks for "essentials" and Barter Marks for "nonessentials." To wipe out these two was to deal deadly blows to trade. Yet Dr. Schacht followed with a third wallop which put out of action even ordinary Registered Marks...
With U. S.-German trade thus apparently due to sink toward zero, U. S. citizens this week could still buy at reduced rates for travel in Germany Tourist Marks. In Washington and in Berlin technical experts believed that surely President Roosevelt and Chancellor Hitler will now find it necessary-as foreseen by foxy Dr. Schacht-to open negotiations and make a brand new deal on U. S.-German trade...
...flourish. One night last week His Majesty was kept up late by the Greek Cabinet. The Premier, General John ("Little Moltke") Metaxas, has been frankly pro-German ever since he rated high as a young officer student at Kaiser Wilhelm's Military Academy. He has recently made important trade agreements with Dr. Hjalmar Schacht, President of the Reichsbank, and he considers that all Europe is hurtling toward a crisis in which it must choose between forms of Communism and forms of Fascism...
Reds of the Greek trade unions had declared a 24-hour general strike effective at midnight. Against this the General Confederation of Labor in Greece had declared their formal opposition. The strike was supposed to be in protest against a royal decree under which in Greece arbitration of all labor disputes has now been made compulsory. Just before midnight Premier Metaxas successfully scotched a strike by proclaiming martial law throughout Greece. Parliament was dissolved, the Cabinet omitting to proclaim when elections would take place. Liberals felt that King George had, by signing the necessary papers, made General Metaxas his Dictator...