Wednesday, August 07, 2019

Today -100: August 7, 1919: Of hoarders, occupations, and peace terms

The Wilson administration is planning to tackle the high cost of living by pretending it’s entirely the fault of “hoarders.” So the Justice Dept will charge meat-packing companies under anti-trust laws.

Romania, ignoring Allied orders to remove its troops from Hungary now that Béla Kun has been ousted, issues demands on Hungary – reduction of its army to 15,000, giving up half its railroad supplies and 30% of its harvest animals, etc etc.

Austria responds to the Peace Conference’s terms, complaining about the loss of so much territory, especially the Tyrol district and southern Bohemia, and to being saddled with 2/3 of the debt of the former Austro-Hungarian Empire.

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