Word: wealth
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Dates: during 1930-1939
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Sargent claimed the large number of Prep school tutees was due largely to personal wealth. "A great many have no interest in getting a college education but go through the four years just to please their parents, who regard college in the same light as a finishing school," he says...
...foreign-held concessions and International Settlements, where neither Chinese bandit nor Japanese invader could get at them. In their invasion of China the Japanese have found precious little loot with which to finance their war. Before they retreated the Chinese were careful to strip their cities of wealth, and what they could not take westward with them they hastily deposited in the foreign-controlled zones...
...fullest deposit vaults are in the big International Settlement and the French Concession at Shanghai. There are only guesses as to how much wealth (foreign and Chinese) is on deposit there, but if Japan, already forced to tighten her belt to carry on the Chinese "incident," could get her hands on these riches, they would help her in financing the rest of the war. While Chinese diplomats profess optimism over the military situation, no one was surprised when they warned Occidental powers sympathetic to China that the question of whether Japan wins or loses now depends largely on how firmly...
...Wall Street, now the world's safe deposit box, Sir John Simon's order to investors to "Buy British" recorded another portentous retreat from the free capitalism of Adam Smith. Under it, Britain found that capital export opened markets, expanded prosperity across national boundaries, employed surplus British wealth. Today, British capital is no longer exported in this sense; it flees, and its flight is at this time a drain on national resources...
...potential refugee cash that did not escape before. Only bounders will persist in selling pounds and buying dollars, but the British Government has marvelously effective ways of cracking down by the use of "influence." Thus one month after Britain had begun conscripting men, preparations were being made to conscript wealth, too-by consent...