Word: panic
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Dates: during 1950-1959
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...most of the reporters adopted the framework set up by the Post and Democrat Mitchell; the discussion got down to an argument on the pros & cons of kicking Nixon off the ticket. Train correspondents reported the news that the Post story had thrown the Eisenhower train into a panic; by next morning the correspondents were typing out the sensational word that the matter of dropping Nixon was under consideration by Eisenhower's staff. With this, the story really began to pick up speed...
Just after 10 a.m. Ike issued a formal statement. He believed "Dick Nixon to be an honest man," and intended "to talk with him at the earliest time we can reach each other by telephone." But some of Ike's strategists, still in high panic, insisted that Nixon should be brought into Ike's presence for a personal accounting. Nebraska's Senator Fred Seaton, a close friend of both Eisenhower and Nixon, dropped off the Ike train at Auburn, Neb. to put through a telephone call to Nixon to ask what Nixon proposed to do. Should...
...story of perversion of Government responsibilities and powers−the story of a giant federal farm agency, backed by the people's dollars, deliberately driving down the price of grain to instill fear in the minds of farmers. It is a story of a Government agency spreading panic-using press, radio and speeches to paint a picture ... a false picture ... of the lack of storage space for grain...
Turning Away Panic. Hoover passes a stern judgment on Secretary of the Treasury Andrew Mellon, whose only formula, says Hoover, was: "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate." Hoover says that he rejected Mellon's advice, acted promptly after the crash, and was the first President ever to make full use of his powers to cushion a national economic shock. He promoted federal works projects and expanded the federal employment service. Calling in business leaders, he got their promise that capital expenditures would go on and that wages would not be cut. But they often were...
...challenge head on. He won a year's moratorium on war debts and reparations, shored up the gold standard, called a world economic conference, set up the Reconstruction Finance Corp., and launched reform of "our rotten banking system." Says he: "[These] great legislative and other measures . . . turned away panic and started us on the road to real recovery around July...