Word: macdonaldization
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...ministry Sir Oswald has held: Chancellor of the Duchy of Lancaster (1929-30). In this post he helped Lord Privy Seal "Jim" Thomas explore schemes for relieving unemployment, quarreled violently with Mr. Thomas' laissez faire conclusions, resigned from "the do-nothing MacDonald Cabinet" (TIME, June...
...delighted," telegraphed Mr. Henderson and M. Briand publicly to Signor Grandi. "With you we congratulate ourselves." In England the honest broking at Rome was widely hailed as the prime achievement of the Labor Government since the London Conference-Scot MacDonald and his cabinet having failed to accomplish nearly everything they have attempted since. In France, however, nearly the whole Press took a show-me attitude. French bankers prepared to loan Italy...
...Italy and France to adhere to the Hoover-MacDonald Naval Pact on the basis that they have abandoned their squabble over "parity" and will now proceed to take a "naval holiday...
...when the Hoover-MacDonald pact expires, Italy would have substantial parity with France in new ships, but France would have all along a considerable superiority in old ships...
...tons. This is agreeable to Italy and Britain. But it may not be agreeable to the U. S. and Japan. Under the Naval Pact, the U. S., Britain and Japan are allotted only 52,700 tons each of submarines. If France is allowed to come into the Hoover-MacDonald fold with so many more submarines, Mr. Hoover, and Mr. Hamaguchi may have to build their submarine fleets up to France...