Nixon Announces 90 Day Wage Price Freeze and Global Rate Shuffle
President Nixon unveiled a broad, largely voluntary 90 day wage price freeze and urged international currency rate restructuring that would devalue the dollar. He also halted gold sales at $35 an ounce and imposed a temporary 10 percent import surcharge while seeking tax cuts and revised fiscal steps to curb unemployment and inflation.
MENTIONED IN THIS ARTICLE
Washington
Nixon
America
The
Nation
United States
U.S
Japan
Ohio weekend traffic toll incl Cincinnati children
Sixteen people died in weekend Ohio traffic crashes including two Cincinnati children Kimberley Tracy five and Donald Tibbs twelve struck in a back yard near U.S. 50. Two other fatalities raised the count with Rowena Gutheil fifty one and Kevin Henderson fourteen killed near Lebanon.
MENTIONED IN THIS ARTICLE
Columbus
Cincinnati
Ohio
Kimberley Tracy
Donald Tibbs
U.S. 50
Rowena Gutheil
Kevin Henderson
Lebanon
Classified Fragments Highlight Entertainment Classifieds
Fragmentary newspaper text shows scattered entertainment listings and undeveloped notices. Readable items hint at ads for shows and services with limited detail.
Nixon economic plan sparks praise and questions on workability
Nixon touts a bold plan to defend the dollar by suspending gold convertibility and letting the currency float, promising cheaper exports and improved competitiveness while warning of inflation risks. A 90 day price wage freeze aims to show resolve and build a voluntary framework with industry to tame inflation without mandatory controls.
MENTIONED IN THIS ARTICLE
Nixon
Cost of Living Council
Industry
Labor
Mixed Economist Reactions to Nixon Stimulus Plan
Economists offer a spectrum of views on President Nixon's proposed economic stimulus. Samuelson praises most measures though warns of job losses if $4.7 billion in federal cuts occur. Galbraith calls it a net step back due to certain credits and foreign-sector elements. Friedman says wage and price freezes mask increases but supports spending and tax cuts. Leitche argues long run limits and cites Vietnam war end as needed for wage productivity alignment.
MENTIONED IN THIS ARTICLE
Nixon
Vietnam
Ways and Means Committee
Congress
Metic
Samuelson
Belmont
Mass
John Kenneth Galbraith
Harvard
India
Galbraith
Newfane
Milton Friedman
University of Chicago
Friedman
Ely
University of California
John M. Leitche
Leitche
United Nations
Automakers welcome economic proposals but textile leader doubts effect
Business leaders broadly praise President Nixon for wage and price controls and tax relief for autos. GM and Chrysler executives favor repeal of the 7 percent auto excise tax while a textile official argues the plan falls short. Labor leader Meany signals possible AFL CIO input later.
MENTIONED IN THIS ARTICLE
Nixon
Also Mentioned on This Page
World
Volkswagen
Toyota
Grundig
Sony
GOP
Wilbur D. Mills
D-Ark
George McGovern
South Dakota
Franklin D. Roosevelt
Office of Emergency Preparedness
Connally
White House
Union Urged
San Francisco
David Selden
American Federation of Teachers
AFT
Selden
Ivory Tower
Gilligan
John J. Gilligan
109Th General Assembly
Baby
Cleveland
Cleveland, Ohio
Lester Adelson
Cuyahoga County
Adelson
Michael Tesley
Michael
Mrs. Nixon
Richard Nixon
McLean
Six Entertainment
Oc Ocee
Secretary of the Treasury
John B. Connally
National
Mirta Fotora
Ramon Marcelo
Pilar City
Buenos Aires
Argentina
Economists
Ahrve
Associated Press
Paul Samuelson
Arith
Roche
Ford
Chrysler Corp
Lynn Townsend
W. Ray Shockley
South Carolina Textile Manufacturers Association
Shockley
Morris Less
Teamster Union
California
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!