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Eisenhower continued on to address many subjects, such as the economy in light of the Recession of 1958, saying, "A year ago the nation was experiencing a decline in employment and output. Today that recession is fading into history, and this without gigantic, hastily-improvised public works projects or untimely tax reductions."
The recession of 1958, also known as the Eisenhower Recession, was a sharp worldwide economic downturn in 1958. [1] The effect of the recession spread beyond the United States to Europe and Canada, causing many businesses to shut down. [2] Officially, recessionary circumstances lasted from the middle of 1957 to April 1958. [3]
He had overseen a period of considerable economic expansion, even as the Cold War deepened. Three of his national budgets had been balanced, but spending pressures mounted. Eisenhower's defense policies, based around a high-technology strategy, played a significant role in expanding the size of the defense research industry. [3]
Dwight D. Eisenhower's tenure as the 34th president of the United States began with his first inauguration on January 20, 1953, and ended on January 20, 1961. Eisenhower, a Republican from Kansas, took office following his landslide victory over Democratic nominee Adlai Stevenson in the 1952 presidential election.
In this week's column, historian Ken Bridges looks at the profound world impact of Texan Dwight Eisenhower. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways ...
The first 1961 State of the Union Address was delivered in written format [1] by Dwight D. Eisenhower, the 34th president of the United States, on Thursday, January 12, 1961, to the 87th United States Congress. [2] It was Eisenhower's ninth and final State of the Union Address.
The Dwight D. Eisenhower Memorial will be dedicated Thursday in a mostly virtual ceremony. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
Through his involvement in the Council on Foreign Relations, he also gained exposure to economic analysis, which became the bedrock of his understanding in economic policy. "Whatever General Eisenhower knows about economics, he has learned at the study group meetings," one Aid to Europe member claimed.