After two months of hunting, Harry S. Truman was still looking for a man—any man—to be his price stabilizer. The qualifications he set up for the $17,500-a-year job were modest enough. The President stipulated only that the candidate have the "guts" to take the job.

But though the job had been offered to more than a dozen men, there were no takers. The few who nibbled got away, well aware that the probable rewards of becoming price stabilizer were a set of ulcers and a head start towards becoming the most disliked man in the U.S.

The Unemployed. The President had...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!