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Federal Business Clash Tops Johnson Era Year in Review
SAM DAWSON lists 10 top business and finance stories of 1965. Key items include the Johnson administration's clash with monetary authorities over interest rates, a government crackdown to curb wage and price increases, volatile stock trading, rising deficits from Viet Nam and the Great Society, tighter corporate controls, a jump in gold flows, an excise tax cut faded by spending, unemployment down amid industry upheaval, and ongoing disputes with De Gaulle affecting the gold standard and trade relations. The year ends on a note of broad prosperity but ongoing economic and geopolitical tensions.
MENTIONED IN THIS ARTICLE
Johnson
Federal Reserve
Pittsburgh
White House
Great Society
Washington
Elemies Ts
Treasury
Justice Department
de Gaulle
France
Renney
Pha
Isles Sane