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Updated: May 31, 2025
In 1959, the average American family had an income of $6,520, 15 percent higher in dollars of constant buying power than in 1952, and the real wages of American factory workers have risen 20 percent during the past eight years. These facts reflect the rising standard of individual and family well-being enjoyed by Americans.
In every age there have been people to sigh: "Ah, yes. Fifty years ago we had a few great writers. But they are all dead, and no young ones are arising to take their place." This attitude of mind is deplorable, if not silly, and is a certain proof of narrow taste. It is a surety that in 1959 gloomy and egregious persons will be saying: "Ah, yes.
The 1959 deficit was caused in large part by the failure of our exports to penetrate foreign markets the result both of restrictions on our goods and our own uncompetitive prices. The 1960 deficit, on the other hand, was more the result of an increase in private capital outflow seeking new opportunity, higher return or speculative advantage abroad.
By the spring of 1959 from nearly two hundred centres, and every week added to their number, roared the unquenchable crimson conflagrations of the atomic bombs, the flimsy fabric of the world's credit had vanished, industry was completely disorganised and every city, every thickly populated area was starving or trembled on the verge of starvation.
The temperature hovers around zero and it's so clear you have a feeling you can almost reach up and touch the stars. It was this kind of a night on March 13, 1959, and as the officers and men of the Air Defense Command fighter squadron at the Duluth Municipal Airport moved, they shuffled along slowly because the heavy parkas and arctic clothing they wore were heavy.
Mankind then will see more clearly than ever that the future belongs, not to the concept of the regimented atheistic state, but to the people the God-fearing, peace-loving people of all the world. State of the Union Address Dwight D. Eisenhower January 9, 1959 Mr. President, Mr.
And by July 1, 1959, Government expenditures for storage, interest, and handling of its agricultural inventory will reach a rate of one billion dollars a year. This level of expenditure for farm products could be made willingly for a temporary period if it were leading to a sound solution of the problem. But unfortunately this is not true. We need new legislation.
The people who listened to him in 1958 with a smiling impatience, were eager before 1959 was four months old to know just exactly what he thought might be done. He answered with the patience of a philosopher and the lucidity of a Frenchman. He began to receive responses of a more and more hopeful type. He came across the Atlantic to Italy, and there he gathered in the promises for this congress.
In 1959, the average American family had an income of $6,520, 15 percent higher in dollars of constant buying power than in 1952, and the real wages of American factory workers have risen 20 percent during the past eight years. These facts reflect the rising standard of individual and family well-being enjoyed by Americans.
In 1959 our deficit in balance of payments approached $4 billion. Continuing deficits of anything like this magnitude would, over time, impair our own economic growth and check the forward progress of the Free World. We must meet this situation by promoting a rising volume of exports and world trade.
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