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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 08, 1958
Page
13
The article traces the dollar value from the 1930s through the Eisenhower era, noting repeated price cycles, inflation surges, and shifts after wartime controls. It highlights falls below 58 and 49 cents, then a hoped sixth cycle of stability, while housing and food costs rise and the economy shifts toward faster jet travel.
Sylvia Porter reports that the dollar’s buying power has fallen from 100 to about 49 cents since 1939, with chances it may slip further to around 48 cents in the coming year. She notes temporary stabilization in 1958 amid ongoing recession, price hikes, and selective sales as consumers cut costs. The piece traces postwar price cycles from 1949 to 1945, highlighting wartime controls and rising costs before easing somewhat.
The president states there are no plans to stretch dollars for a jet transport switch in his second term. He stresses careful budgeting and urges shoppers to act wisely in coming months to manage costs.
Boat Press Secretary Hagerty announced that Col. William G. Draper and other crew members of the Columbine pilot will begin learning to fly jet aircraft late this month. He spoke in response to questions about the program.
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