Dr. Schacht’s removal as Reichsbank President created an unfavorable impression in the city today and the mark, which closed last night at 11.69 to the pound sterling, opened today at 11.74. His removal was interpreted here as a set-back to the moderate elements in the German leadership and the fall of the mark reflected the attitude of London financial circles toward the possibility of extremist moves in the financial and economic fields.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
