President Truman warns against deflation and unemployment during a speech in the United States.
United States USA Date:1945, November 1 Duration:2 min 3 sec Sound:Yes
U.S. President Harry S. Truman delivers a speech in the United States. President Truman speaks about a 20 billion dollar cut in the annual salary in the private industry. This would lead to a decrease in the salaries of workers and further lead to deflation. President Truman warns that such a situation would lead to unemployment.
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