Word: presidental
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Dates: during 1970-1979
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The challenge was not lost on the tough, army-backed regime of President Park Chung Hee. After calling an emergency meeting of his Cabinet, Park clamped martial law on Pusan and replaced the local police chief with a general as military governor. The government also ordered a curfew, closed the...
Washington was displeased with Kim's expulsion and even more concerned about the consequent turmoil, which could only damage the reliability of a Far Eastern ally that has 39,000 U.S. troops stationed on its soil. Even before the rioting, the State Department had criticized what it called "a...
Fed Chairman Volcker remains a man on the spot. Lane Kirkland, George Meany's apparent successor as president of the AFL-CIO, has already condemned the Fed's big rate boost as the "wrong move at the wrong time." Economist John Kenneth Galbraith labeled the Federal Reserve'...
President Calvin Coolidge assured the country that it could "regard the present with satisfaction and anticipate the future with optimism." His successor, Herbert Hoover, said that the U.S. would soon see the end of poverty. Only a few public figures raised doubts. One of them was Financier Paul Warburg, who...
Leonard Jarvis, 75, now a senior vice president with Shearson Hay den Stone, remembers Black Tuesday as "a bloodbath. It was horrible." In the days after the crash, he says, several of his friends committed suicide, one by jumping off the Daily News Building, another by leaping from his commuter...