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.
View of the Colorado State Capitol (200 E Colfax Ave, Denver, CO 80203, United States) building in Denver Colorado from across a large expansive square. Slates describe ability to view mountain ranges clearly from Downtown Denver, a former mining supply camp. View of the Mountains ranges of Colorado, rocky and snow-covered.
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.
The Yellowstone National Park in the United States. Sign reads 'The Canyon is about 750 feet deep and 1500 feet wide'. Views of canyon of the Yellowstone river. Waterfall in distance. View of the waterfall. Group of tourists watch grizzly bears eat. Moose feeds the young ones. Sign reads 'Tower Falls,Height 132 feet'. Rock formations at top of the fall. View of a cliff. A herd of buffalo. Steam rises.. Automobile traffic on mountain roads.
Construction of Hoover Dam in June 1933. A bucket of concrete is lowered on ground from mountain top. Base of structure is prepared. Vehicles move on road on Canyon (Black Canyon) wall. Buckets of concrete suspended by cables are dumped on ground. Material is offloaded from truck and transferred through cable ways. Concrete buckets transferred from cliffs. Bucket descends and received by men on ground. Men shovel concrete and operate equipment. Workers from Canyon rim are transferred on ground. Concrete bucket lowered on to construction site. Construction in progress. Two intake towers on each side of the Canyon wall. Other structures constructed for dam.
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.
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