VI. The World Wars and the Interwar Period, 1914–1945 > C. Europe, 1919–1945 > 12. Austria > 1922, May 31
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  The Encyclopedia of World History.  2001.
 
 
1922, May 31
 
CABINET OF IGNAZ SEIPEL (Christian Socialist).  1
 
Oct. 4
 
The League of Nations took over the problem of Austrian reconstruction, following the earnest appeal of the chancellor. An international loan, under guaranty of the League, was accorded and a League commissioner appointed to supervise Austrian finance. Outside pressure forced the government to cut expenditures: about 85,000 civil servants were fired or pensioned, taxes were raised, and social service benefits were curtailed.  2
 
 
 
The Encyclopedia of World History, Sixth edition. Peter N. Stearns, general editor. Copyright © 2001 by Houghton Mifflin Company. Maps by Mary Reilly, copyright © 2001 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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