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.
U.S. President Dwight David Eisenhower calls for a cabinet meeting at Camp David in Maryland, United States. Dignitaries disembark from a car at Camp David. United States Secretary of the Treasury George Magoffin Humphrey, U.S. Secretary of the Interior Douglas McKay and other cabinet members arrive for the meeting. The President gets off his car. He is greeted by officials. The President is joined by United States Ambassador to the United Nations Henry Cabot Lodge, Jr. and United States Secretary of State John Foster Dulles . The cabinet seated for the meeting.
Firestone family camp in Maryland, United States. Harvey Samuel Firestone founder of the Firestone Tire and Rubber Company with wife Idabelle Smith Firestone and son Harvey Samuel Firestone Jr and his wife Elizabeth Parke Firestone walk on a path with trees on either side. One of the members climb a rock formation. They enjoy near a stream of water. They walk at the edge of the rock formation in water. Maryland state police officers at a service
Demonstration of new weapons and equipment for members of the American Ordnance Association at Aberdeen Proving Ground in Maryland, United States. A United States Army OH-23 Raven helicopter and a United States Army UH-1 Iroquois helicopter fly over a range. Machine guns are fired from the helicopters. Explosions on the ground. Four trucks including a five ton XM-453 vehicle drive past the stands. Sky divers land near a target. A United States Army CV-2 Caribou aircraft flies by. Members of the American Ordnance Association in the stands.
United States sailors visit Washington DC area. View of the U.S. Naval Academy Chapel in Annapolis, Maryland (Slate the precedes this shot incorrectly states that it is the U.S. Capitol). View of Pennsylvania Avenue in Washington, DC, as seen from the U.S. Treasury Building. Traffic along Pennsylvania Avenue. View of exterior of U.S. Treasury Buildings, with sailors descending steps. View of the South entrance of the White House. A sailor standing next to Tidal Basin views the Washington Monument in the distance. Exterior of the side of the Lincoln Memorial, with two U.S. Navy sailors walking toward the building. Sailors descend the steps of building. The south entrance of the White House. A sailor looks at the Washington Monument from Tidal Basin. The sailors in front of the Lincoln Memorial.
Major events of the year 1959. United States Vice President Richard Nixon with Soviet Premier Nikita Khrushchev where they engaged in the so-called "Kitchen debate" at United States Trade and Cultural Fair in Moscow, Soviet Union. Nixon talks to Khrushchev leading to the former's visit to United States. Khrushchev arrives in United States and President Dwight D Eisenhower welcomes him at the airport. Soldiers march as the Presidential motorcade follows them. President Eisenhower and Premier Khrushchev after a meeting at Camp David in Maryland.
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