• Short Summary

    President Nixon called on Americans to sacrifice bigger wages, profits and dividends to help the country stem the rising cost of living and protect the dollar from foreign speculators in a speech on Tuesday (17 August) evening.

  • Description

    President Nixon called on Americans to sacrifice bigger wages, profits and dividends to help the country stem the rising cost of living and protect the dollar from foreign speculators in a speech on Tuesday (17 August) evening.

    Mr. Nixon, seeking support for his drastic economic programme unveiled earlier this week, said: "It's easy to sit back and criticise, it's hard to make the sacrifices, do the work, make the extra effort that makes the difference between a nation on the way down and a nation on the way up."
    The President's pleas for support came in remarks made to the international meeting of the knights of Columbus, a Catholic men's organization, at a hotel in New York.

    Mr. Nixon said his new economic plan was designed to create more jobs, halt the cost of living rise, and "defend the American dollar against the attacks of international manipulators." The plan, prompted by continued inflation at home, rising unemployment, a deteriorating trade balance and massive foreign speculation against the dollar, includes a 90-day wage and price freeze, temporary suspension of the 37-year-old United States pledge to redeem dollars for gold and a ten per cent duty on imports.

  • Tags

  • Data

    Film ID:
    VLVAD1YYEYA2WWCDGY644BCKG2E1C
    Media URN:
    VLVAD1YYEYA2WWCDGY644BCKG2E1C
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    18/08/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:25:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment