history XXII

NOTHING NEW UNDER THE SUN (ALMOST)

22nd July, 1931 : After a three-hour emergency meeting of Finance Ministers in London yesterday, Britain, the USA and France agreed to renew the recent credits for Germany for three months, instead of for three weeks. This, it is hoped, will tide Germany over her present difficulties until a more comprehensive settlement, possibly including further credits, can be worked out. German banks have been shutting their doors to halt a run on funds as confidence in the mark, at home and abroad, collapsed. (Also today – a new edition of Hitler’s “Mein Kampf” is issued, with all the profits going to the Red Cross.)

About Avadoro Worden

Iconoclast
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