THE PRESIDENCY: The Pledge

World-wide was last week's interest in the Depression's wage scale. At Rome, Prime Minister Mussolini, boastful of how all Europe had followed his policy of scaling wages down to meet retail prices, announced that, for Italy, a limit for such cuts had been reached "beyond which the antidote may become a poison" (see p. 19). In London, figures were collected which revealed that 1,500,000 British workers, including some of the most militant unions, had last month accepted deep pay cuts with quiet resignation. And in Washington, despite ominous news from his Department...

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