President Richard Nixon gives a speech on the economy from the White House in the United States. Nixon addresses the nation on the need to create more jobs, stop the rise in the cost of living, control price inflation, relieve economic stagnation, and control speculation. He announces the Job Development Act of 1971. He talks of eliminating excise taxes on automobiles and speeding up availability of some exemptions in personal income taxes. He charges Congress to introduce incentives for research and development. He orders federal spending cuts including a postponement of pay raises, a 5 percent cut in government personnel, and a 10 percent cut in foreign economic aid. He notes need to open ways for the young people entering job markets. Nixon orders a freeze on all prices and all wages in the United States for 90 days, and he calls on corporations to extend the freeze to dividends. He announces a Cost of Living committee within the government. He calls for voluntary cooperation of all Americans to control price increases after the 90 day period ends. He talks of the need to protect the strength of the American dollar and prevent international money speculation. He announces that the dollar will be defended. He announces the suspension of the convertibility of the dollar to gold, except in certain circumstances. (Later this speech was called the Nixon Shock and also the speech closing the gold window.) He says he wants to "lay to rest the bugaboo of what is called devaluation." He states the goal is stability in the dollar. Regarding trade balances, he announces a temporary 10 percent tax increase on goods imported into the United States, valid until unfair exchange rates are eliminated. He reflects on success of post World War 2 relief measures offered by the U.S. to foreign countries, increased competition with those nations, and need for less U.S. relief to them. He asks the public of America to work together to crush unemployment and economic problems.
Signing of the National Cancer Act of 1971 in the East Room of the White House in Washington DC, United States. Members of the House, Senators and others sit while U.S. President Richard Nixon signs the bill. President Nixon says a few words as he signs the bill. The President shakes hands with the Chairman of National Cancer Society. President Nixon shakes hands with members of the House and the Senators.
A Teledyne Ryan BQM-34 F, Firebee drone, suspended from CH-53 helicopter flying in vicinity of Edwards Air Force Base in California, United States. Aerial view of the CH-53 helicopter in forward flight with BQM-34 F Firebee suspended far below. The orange colored Firebee drone trails a striped drogue chute. While in forward flight, the CH-53 pulls the drone closer, until it is within 20 feet of the helicopter.
A Teledyne Ryan BQM-34 F, jet-powered Firebee drone suspended from a CH-3 helicopter, during tests of the drone's drogue and mid-air retrieval system (MARS) at Edwards Air Force Base in California, United States. Aerial view of the BQM-34 f Firebee drone under the CH-3 helicopter, with a striped drogue chute trailing behind. The helicopter descends over concrete ramp and hovers close to the surface, with the Firebee suspended underneath.
Teledyne Ryan BQM-34F remotely piloted vehicle (drone) being recovered at Edwards Air Force Base in California, United States. Aerial view of CH-3E helicopter at very low altitude, with BQM-34 Firebee drone suspended below it on a cable. The CH-3 hovers over the tarmac. The drone's drogue chute flutters about. The CH-3 slowly lowers the drone to the ground, releases it and flies away.
Debate on the 'Role of Congress in Foreign Policies' between John C Stennis and William J Fulbright in United States organized by American Enterprise Institute. John C Stennis, Chairman, Armed Service Committee speaks about Senators and their exercise of powers. He talks about the amendments made on June 30th 1971. He states that the people have welcomed these amendments, but that they have over committed themselves. Fulbright talks about their expectations from the United Nations for world peace. He hopes to recognize problems and find solution within their system. Instead of war there must be re amendments.
CRITICALPAST.COM: About Us | Contact Us | FAQs - How to Order | License Agreement | My Account | My Lightboxes | Shopping Cart | Advanced Search | Featured Collections | Website Terms & Conditions | Privacy Policy | Links ©2024 CriticalPast LLC.
License Agreement |
Terms & Conditions |
Privacy Policy
©2024 CriticalPast LLC.