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President Richard Nixon delivers "Nixon Shock" speech dealing with the economic crisis in the United States.
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.
Various scenes of Waikiki.
The first several scenes show a drive-by view of some Waikiki hotels and condominiums along either side of Ala Moana Blvd. We also see a glimpse of the Waikikian Hotel with its well known tiki designed exterior. We continue down Ala Moana Blvd. showing the front property of the Hilton Hawaiian Village and a glimpse of the white geodesic dome, built as an auditorium, by Henry Kaiser, in 1957. ( It was demolished in 1999 to make room for the Kalia Tower.) The car then turns down Kalia Dr. and the last scenes are of a palm tree lined road that leads to the Sheraton Waikiki Hotel built in 1971.
Official City road sign welcoming people to Gary, Indiana
Road sign welcomes people to the city of Gary in Indiana, United States. Signboard near road reads "Welcome to Gary, city on the move". In smaller letters above, it reads: "Ridhard G. Hatcher, Mayor." And below, it reads, "Home of Pat Patterson, Miss Indiana, 1971." Trucks and tankers drive on the roads and parked nearside. Cows grazing near the signboard.
President Nixon talks about his income tax returns during a news conference in Orlando, Florida.
A journalist questions U.S. President Richard Nixon about his income tax returns during a press conference in Orlando, Florida. The journalist mentions the amount of income tax paid by the President in years 1970 and 1971. He asks the President about the accuracy of these figures as well as his opinion on disclosing of personal finance by an elected official. The President responds that he has disclosed his personal finance. He briefly discusses his income tax returns for the past recent years. He states that the former President Lyndon Baines Johnson had told him that under the 1969 law, the Presidential or the Vice Presidential papers given to the Governor could be taken as a deduction from the tax. The President states that he has submitted his Vice Presidential paper for this purpose. He talks about his papers and notes. He states that he did what he was told.
U.S. President Richard Nixon addresses people in the United States on withdrawal of remaining U.S. troops from Vietnam.
Television broadcast of U.S. President Richard Nixon's speech from the White House in Washington DC, United States on the withdrawal of remaining U.S. troops from Vietnam on 29th March 1973 during the Vietnam War. The White House. The Seal of the President of the United States. The President talks about that period of the Vietnam War when he joined the office and speaks about the program he initiated to end the war. He says American prisoners are on their way from Vietnam and people of South Vietnam are now free to choose their government. He says North Vietnam is not complying with few provisions of the Peace Agreement. He says that they should honor all those American soldiers who died during the Vietnam War. He refers to the difficult days of the war including the moratorium to end the war which was organized on October 15, 1969 when millions of Americans took day off from work and schools to participate in local demonstrations against the war. Nixon refers to the period of April 1971 when he ordered attacks on Communist bases in Cambodia. He talks about the period of May 1972 when he ordered air strikes in North Vietnam and the period of December 1972 when he ordered more air strikes.
President Nixon orders a 60-day freeze on all retail and wholesale prices during a live broadcast from the White House.
Live coverage of a speech by U.S. President Richard Nixon about the economy of the United States. A news correspondent reports that President Nixon's announcement regarding economy includes a 60-day price freeze which is followed by falling value of U.S. dollar in the world market, a record increase in gold prices and an increased cost of living. The South Facade of the White House. President Nixon speaks about economy and summarizes positive points saying that the economy is growing in terms of income and jobs. The President talks about the announcement he made in August 1971 and economic progress achieved after that. He says that prices, especially food prices are going higher unacceptably in present period. He says that faced with the rising inflation he has ordered a 60-day freeze on all retail and wholesale prices except for raw agricultural commodities. The President says that wage freeze will not be implemented till wages remain non-inflationary. He further speaks about putting in effect price controls which will control the factors responsible for increase in prices. He says that he has directed the Cost for Living Council to work towards controlling gasoline prices. President Nixon says the actions he has ordered are designed to deal with the rise in the cost of living without jeopardizing the prosperity of American citizens.
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