Word: ifs
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Dates: during 1950-1959
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The relationship was sharply tested in his first big battle after taking over as Treasury Secretary: his quiet campaign in early 1958 to head off both Republicans and Democrats who wanted to try to cure the recession by cutting taxes. Within the Administration, Vice President Richard Nixon and Labor Secretary...
"If we had taken massive government action and then business had improved." he says, "we might have convinced the people that this was the only way out of a recession. But by leaving it essentially alone, we established a basis for belief in the resiliency of the economy. In their...
But Anderson argued that a balanced budget was urgently needed for its symbolic value. If the chronic price upcreep of the mid-1950s came to be tolerated as inevitable, he warned, it could inflict severe damage on the economy by eroding the confidence in the future that is essential to...
2) The U.S. is running into the red in its international transactions, with the result that U.S. gold reserves are shrinking as gold flows overseas to balance the nation's accounts. If the gold outflow continues for even a few years, it could endanger the value of the dollar...
Despite these feats of leadership, the farmers feared the worst. It looked as if Thanksgiving would be cranberryless for thousands-except laboratory rats. And they, like the growers, had little to be thankful for.