Dollar Collapse Triggers European Markets Crisis
The dollar sank on European money markets after Nixon's 10 percent devaluation, prompting closures and talk of a Common Market joint float. Heath and Brandt held emergency talks as Germany's central bank intervened with billions to stabilize the dollar, while currencies across Europe rose against it.
MENTIONED IN THIS ARTICLE
Bonn
Germany
Nixon
Tokyo’s
Edward Heath
Willy Brandi
Central Bank Council
West Germany
Japan
United States
Brandt
Heath
Jeaders
Anthony Barber
Guido Carli
Italy
Hans Friderichs
London
Europe
U S Money Still King To Chileans
Chilean inflation drives reliance on the dollar with the escudo officially pegged at 46 to 1, yet the black market trades at 460 escudos per dollar. Smuggling, mail pilferage, and a growing underground market fuel currency speculation as Europe intervenes to prop up the dollar.
MENTIONED IN THIS ARTICLE
Santiago
Chile
Europe
U.S
Salvador Allende
Capital
Cafe
Haiti
Halli
Escudo
Senate and House Back Rural Aid Programs Against Nixon
The Senate approved 71 to 10 to require full spend out of the 225 million Rural Environmental Assistance Program and the House passed 297 to 54 to obligate about 120 million for rural water and sewer projects. Both votes risk a presidential veto and broaden congressional control over impoundment. Leaders cited aid to small communities and the need to keep proven rural programs funded amid Nixon’s budget actions.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Nixon
Secretary of Agriculture
Nixon Adminisration
Congress
Executive
Herman E. Talmadge
D-Ga
Senate Agriculture Committee
Farmers Home Administration
Quality New Homes by Hal Reddick and Highsmith
Real estate brief highlights new home offerings by HAL REDDICK and W H HIGHSMITH. Contact numbers 643 6515 and 644 1217 for inquiries and showings. Local market note contrasts features and pricing across several neighborhoods.
MENTIONED IN THIS ARTICLE
Hal Reddick
W. H. Highsmith
Also Mentioned on This Page
Far East
Middle East
New York
Frankfurt
Paris
Zurich
Karl-Otto Poehl
Switzerland
Friderichs
Olivier Emminger
Frankfurt Exchange
Com
Sig Shoe
Alexandria
Mon
House Agriculture Committee
EPA
Boy Jonathans
Brown St. Tunnel
Anderson
Nichol
Sales Jewelers
Mounds Mall
Liberal
Credit Insurance
Young America
Meridian Street
Schweiger
Berkline
Bassett
Speed Queen
Lane, Serta
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!