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Domestic News
March 4, 1946
The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
Industrialist Henry J. Kaiser testified before Congress on Mar. 4, warning that ending price controls would cause disastrous inflation harming those with limited purchasing power, and urged continuing the OPA.
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OCR Quality
98%
Excellent
Full Text
Price Control
Removal Would
Spell Ruin
WASHINGTON, Mar. 4, (AP) Henry J. Kaiser told Congress today that removal of price controls "would spell ruin for the great ways of mankind which has only limited purchasing power."
The west coast industrialist made the forecast while urging the House banking committee to approve legislation to continue the OPA.
Kaiser declared abolition of the agency would result in inflation of disastrous proportions throughout the whole field of production and distribution, laying its heaviest toll on those who are the least able to bear it.
Removal Would
Spell Ruin
WASHINGTON, Mar. 4, (AP) Henry J. Kaiser told Congress today that removal of price controls "would spell ruin for the great ways of mankind which has only limited purchasing power."
The west coast industrialist made the forecast while urging the House banking committee to approve legislation to continue the OPA.
Kaiser declared abolition of the agency would result in inflation of disastrous proportions throughout the whole field of production and distribution, laying its heaviest toll on those who are the least able to bear it.
What sub-type of article is it?
Politics
Economic
What keywords are associated?
Price Controls
Inflation
Opa
Congress Testimony
Henry Kaiser
What entities or persons were involved?
Henry J. Kaiser
Where did it happen?
Washington
Domestic News Details
Primary Location
Washington
Event Date
Mar. 4
Key Persons
Henry J. Kaiser
Event Details
Henry J. Kaiser told Congress that removal of price controls would spell ruin for the great mass of mankind with only limited purchasing power. He urged the House banking committee to approve legislation to continue the OPA, declaring that abolition of the agency would result in inflation of disastrous proportions throughout production and distribution, heaviest on those least able to bear it.