Harry S Truman on Corporations



Business cycle is man-made; protect against "boom & bust"

Our first great opportunity is to protect our economy against the evils of "boom and bust." The business cycle is man-made; and men of good will, working together, can smooth it out. [I request to]:
  1. Enlarge the power to control consumer credit & bank credit.
  2. Grant authority to regulate speculation on the commodity exchanges.
  3. Continue export control authority & to provide adequate machinery for its enforcement.
  4. Continue the priorities & allocation authority in the field of transportation
  5. Authorize priorities and allocations for key materials in short supply.
  6. Extend and strengthen rent control.
  7. Provide standby authority to impose price ceilings for scarce commodities which basically affect essential industrial production or the cost of living, and to limit unjustified wage adjustments which would break an established price ceiling.
  8. Authorize an immediate study of the adequacy of production facilities for materials in critically short supply, such as steel.
Source: Pres. Truman's 1949 State of the Union message to Congress , Jan 5, 1949

Vigorously enforce the anti-trust laws

During the war, this long-standing tendency toward economic concentration was accelerated. As a consequence, we now find that to a greater extent than ever before, whole industries are dominated by one or a few large organizations which can restrict production in the interest of higher profits and thus reduce employment and purchasing power.

In an effort to assure full opportunity and free competition to business we will vigorously enforce the anti-trust laws. Enforcement must be supplemented by positive measures of aid to new enterprises. Government assistance, research programs, and credit powers should be designed and used to promote the growth of new firms and new industries.

Assistance to small business is particularly important at this time when thousands of veterans who are potential business and industrial leaders are beginning their careers. We should also give special attention to the decentralization of industry and the development of areas that are now under-industrialized.

Source: Pres. Truman's 1947 State of the Union message to Congress , Jan 6, 1947

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Other past presidents on Corporations: Harry S Truman on other issues:
Former Presidents:
Barack Obama(D,2009-2017)
George W. Bush(R,2001-2009)
Bill Clinton(D,1993-2001)
George Bush Sr.(R,1989-1993)
Ronald Reagan(R,1981-1989)
Jimmy Carter(D,1977-1981)
Gerald Ford(R,1974-1977)
Richard Nixon(R,1969-1974)
Lyndon Johnson(D,1963-1969)
John F. Kennedy(D,1961-1963)
Dwight Eisenhower(R,1953-1961)
Harry S Truman(D,1945-1953)

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V.P.Joseph Biden
V.P.Dick Cheney
V.P.Al Gore
V.P.Dan Quayle
Sen.Bob Dole

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Page last updated: Feb 22, 2022