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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]
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.
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
The 1958 State of the Union Address was given by Dwight D. Eisenhower, the 34th president of the United States, on Thursday, January 9, 1958, to the 85th United States Congress in the chamber of the United States House of Representatives. [3] It was Eisenhower's sixth State of the Union Address.
As they stormed the beaches, General Dwight D. Eisenhower's confident words summed up the incredible significance of their mission: "You are about to embark upon a great crusade, toward which we ...
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.
Federal Reserve Chair Jerome Powell said Tuesday the "disinflationary process" in the U.S. economy has begun, and said additional rate hikes will likely be necessary to bring inflation back to its ...