Tragedy and Crisis Compared in 1931 and 1971 Financial Aid
The piece contrasts 1931 central bank cooperation as grudging and slow with 1971 cooperation marked by swift aid and shared interests. It notes currency collapses and unemployment in 1931, while 1971 preservation of stability avoided tragedy. It cites Stephen V O Clarke and Bank for International Settlements discussions.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of New York
Stephen
V.O. Clarke
Central Bank
George L. Harrison
Federal Reserve
Critics argue over yaks danger and docility in crisis
The article contrasts 1931, when central bankers and Montagu Norman bore the burden with little staff support, with 1971 when IMF staff provided consultation and planning. It notes ministers’ experience reduces risk but warns that work remains to avert a new Depression.
MENTIONED IN THIS ARTICLE
Interional Monetary Fund
Montagu Norman
Bank of England
IMF
Winter wheat output boosted sharply for 72
The Agriculture Department report shows 1972 winter wheat plantings up 9.2 percent nationally with significant gains in nontraditional states. Georgia rose to 290000 acres, a 20 percent increase, while Kentucky jumped 22 percent to 301000 acres. two years earlier Kentucky had 219000 acres. Most Southeast states reported gains, with only two showing declines from 1971.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Plains States
Georgia
Kentucky
Drug seizures surge as U S tightens narcotics drive
The State Department reported a fifty fold rise in customs seizures of heroin in the first nine months of 1971 and sharp increases in other drugs. The plan includes high speed aircraft with sensors and ground support. Rogers outlined intensified diplomacy and law enforcement as narcotics control rises on the administration's agenda.
MENTIONED IN THIS ARTICLE
Washington
State Department
Customs Bureau
Nixon
Secretary of
William P. Rogers
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Laurance F. Stuntz
France
Bank For International Settlement
Osterud Agency
Minnesota
Austin
Ray Lewis Orchestra
Nemitz
Brownsdale, Minn
Eve
Eagles Club
Tom N’ Jerrys
Ake NE
American Legion
Austin Post
THE
V.F.W. Club
Free Favors
Alcove Supper Club
Cen
N. Mai
Midtown
Nemitz’s
Hallmark
N. Main
Oakland Avenue
Knights of Columbus
CLUB
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