Word: watt
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Dates: during 1960-1969
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...KINGS DEPART by Richard M. Watt. 604 pages. Simon & Schuster...
...Watt's account ranges beyond Versailles to the tormented terrain under angry debate at the peace meetings-fast-changing, impoverished postwar Germany as it struggled to survive the chaos of surrender. Absorbed in private rancors, busy reshuffling peoples and national borders, the Allied statesmen paid little heed to the German scene. Historians have tended to follow their lead. Yet the obscure skirmishes for power that went on in Berlin and Munich may have done almost as much as the Versailles Treaty to shape the future course of Germany and Europe. The far left was pitted against the far right...
History has often slighted such moderates, the well-meaning, badly organized Social Democrats in particular, perhaps because they ultimately proved to be the losers. Yet Watt makes a persuasive case that, given a little help from the Allies and their own countrymen, they might have steered Germany in the direction of a viable democracy...
Stab in the Back. The Allies, Watt suggests, might have been able to prevent this vicious right-left polarization of Germany. Instead, by imposing a Carthaginian peace, they undercut the moderates and strengthened extremists. The Versailles Treaty ceded parts of German territory to other nations and burdened Germany with staggering reparations. Though the moderate Socialist government had no choice but to sign the treaty on Germany's behalf, it afterward came under incessant attack from the right for that "stab in the back"-the allegedly ignominious capitulation to the enemy. The Weimar Republic was already fatally weakened from...
...housing corporation will be headed by Chairman Carter Burgess, former head of American Machine & Foundry, and President Ray Watt, a large West Coast builder. It aims to raise $50 million from large corporations and banks and a public sale of stock. Then it will invest most of the money in a number of partnerships of local builders and small investors. For every dollar that the corporation puts up, each local partnership will put up about three dollars. In addition, these partnerships will get FHA-insured loans under the National Housing Act for up to 90% of the costs of construction...