Extraordinarily, the Slavic languages are chock full of calques that originated in just this way. Educated Slavs in the 17th-18th centuries deliberately modernized their own languages by taking Western words, translating the morphemes individually, and grafting them back together. Modern Czech in particular, if I remember correctly, was largely constructed in this way. The classic example is German
Zeitschrift (magazine) being translated
zeit →
čas (time) and
schrift →
pis (writing) to produce
časopis, "timewriting". Russian has tons of words like this from French (
traduire, to translate, went
tra →
пере (across) and
duire →
водить (lead) to become
переводить, "to crosslead").
Normally such concocted species (like the neologisms in the OP) fail to take root and soon wither. The difference here is that these words were badly needed in daily life.
http://en.wikipedia.org/wiki/Calque