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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."
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.
The economy was generally healthy, apart from a sharp economic recession in 1958. [91] Eisenhower remained popular and largely avoided partisan politics; he was reelected by a landslide in 1956. While frugal in budget matters he expanded Social Security and did not try to repeal the remaining New Deal programs.
January 7 – President Eisenhower delivers the 1954 State of the Union Address to a joint session of Congress. Eisenhower outlines a program to bolster American military might and that of countries fighting communism while maintaining a healthy economy in the United States. [21]
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Eisenhower served as president for two full terms from January 1953 to January 1961, and was the first U.S. president to be term-limited from seeking re-election again. He had overseen a period of considerable economic expansion, even as the Cold War deepened. Three of his national budgets had been
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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.