Word: readjustments
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Dates: during 1930-1939
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There are, of course, activities and activities. Habitual residence at the Ritz bar may be one of the latter. Others are valuable, but hardly educational in the Conant-Landis-Hutchins sense: Phillips Brooks House might be mentioned. Many others, however, actually do help to readjust the educational balance which is now so heavily on the side of subject matter, so far from the ideal of method...
...lower daily wages for the building trades, for reorganization of untenable capital structures like the railroads, when it came to the point it has shied away from meeting deflation by the orthodox means of scaling down monopolistic high prices, disproportionate wages and interest charges. "Because it is unpopular to readjust by liquidation and politically inconvenient to revise its policies," summed up Pundit Walter Lippmann last week, "the Administration has come back as a matter of course to inflation by spending...
...scrap iron but finished steel (more quickly convertible into war materials) and to pay for it they were already beginning to ship abroad quantities of Japan's small store of gold. Internally the Government launched 200,000,000 yen of deficit bonds, announced it would be necessary "to readjust [private] investment capital," presumably a euphemism for a capital levy. The Knife of War was about to slit China's throat but it was also about to slit Japan's purse...
...return to the Gold Standard at present devalued monetary levels. In this they were encouraged by the annual Mansion House speech to the Lord Mayor of London and the city's leading bankers delivered last week by Chancellor of the Exchequer Neville Chamberlain. "The decision of France to readjust the value of the franc," said Mr. Chamberlain, "must have come like the cracking of the ice at the approach of a warmer season to a polar explorer whose ship has been frozen for months into immobility. ... If we can prevent violent fluctuations of the valuation of gold...
...slashed, and this was followed even more unexpectedly by Benito Mussolini with similar action on behalf of Italy (see p. 24). Overnight on the international scene new life was breathed into the principle of Free Trade, and there was a wild scramble by His Majesty's Government to readjust their ideas and Mr. Chamberlain's. To Geneva this week hurried the Chancellor's most distinguished subordinate, Mr. William Shepherd ("Shakespeare") Morrison. In the only speech to the current League Assembly which had any real importance, Mr. Morrison virtually reversed the highly nationalist position Mr. Chamberlain had taken...