Economic policy

President Harry S. Truman speaks today before a Joint Session of Congress, delivering a 10-minute anti-inflation program of what he called "drastic measures." The President asked for limited price and wage controls and rationing authority to stave off inflation at home while helping friendly countries. From: Houston Post.

President Harry S. Truman (center) is in a pleasant mood this morning, attending a budget seminar at which reporters received an advance briefing on the federal budget for the fiscal year beginning July 1. With him are Secretary of the Treasury John Snyder (left) and Frederick J. Lawton (right), director of the Bureau of the Budget. The President holds a copy of the bulky document which will be made public tomorrow. From: Houston Post.

Robert C. Goodwin, U.S. Labor Department, Bureau of Employment Security official, is standing behind a podium and speaking at a Defense Mobilization Conference held in Richmond, Virginia. At the time Goodwin was Executive Director of the Office of Defense Manpower.

Robert C. Goodwin, Bureau of Employment Security, U.S. Department of Labor, is shown standing at a podium and addressing the morning session of a Defense Mobilization Conference held in Richmond, Virginia. The exact location is the Palm Court of the Jefferson Hotel in Richmond with 425 attending. A state of President Thomas Jefferson is in view.

Presidential candidate (former Vice President) Henry Wallace explains his economic policies. From: Photos used in the 1984 Truman Centennial Exhibit. National Archives Photo Number: 306-NT-361.

Photo of former Secretary of the Treasury John Snyder at an exhibit of Colonial Money and Barter on the Frontier at the Smithsonian Institution. From: John W. Snyder Papers.

Housing Expediter Tighe E. Woods asked for a two-year extension of rent control because of a continued critical shortage of rental housing. Woods, shown before the House Banking Committee, said that removal of rent ceilings now on the estimated 4,350,000 under control would be a serious blow to our economy. From: Beth Gore.

Wage Stabilization Director John R. Steelman is shown signing the government wage policy to pave the way for payment to striking American Federation of Labor seamen of wage increases twice disapproved by the Wage Stabilization Board. He said he amended the existing wage regulations to provide that government agencies may pay wages and salaries "comparable to the wages and salaries paid for the same or comparable services by other operators". From: Beth Gore

Secretary of the Treasury John W. Snyder after he put his signature on a check for $7,500,000,000, the largest ever drawn on the United States Treasury. Actually, the money stayed in the Government, passing from the Unemployment Trust Fund to the Bureau of Accounts for investment in the new Treasury short-term certificates. From: Beth Gore

Secretary of the Treasury John W. Snyder appearing before the House Banking and Currency Committee, saying that the Republican program for halting inflation will not do the job. Mr. Snyder said the measures recommended by the GOP were necessary, but were only part of an overall program that should be approved if the inflationary spiral was to be halted. From: Beth Gore