Word: jonesism
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Dates: during 1970-1979
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At home, the Carter plan had some early supporters. Said Heath Larry, president of the National Association of Manufacturers: "The time has come for us to join the President in attacking the problem?and stop attacking each other." Claimed a spokesman for Otto Eckstein's Data Resources, Inc., a highly...
Carter's plan touched of a rally in the stock market yesterday that carried the Dow Jones industrial average to its largest gain in history.
The Dow Jones average of 30 industrials, which fell 104 points in the last 12 trading days, climbed 35.34 to 827.79, The largest previous single-day gain for the Dow occurred on August 16, 1971 following then-President Richard M. Nixon's announcement of several economic measures.
Nervousness about the weak dollar and inflation conspired to bring a startling break in stock prices. The Dow Jones industrial average last week tumbled more than 59 points, to 838, its worst one-week loss in history. Indeed, currency and stock markets seem to be getting locked into a vicious...
At the private meetings, the exchanges were frank. Confided one Administration representative: "We got a real going-over on Government barriers to exports." Yet, unlike earlier meetings, when most council members were depressed by what they saw as Jimmy Carter's aloofness to them, White House emissaries found the...