Business & Finance: The New Problems

Businessmen greeted the Republican victory with sober optimism. They all expected the G.O.P. to bring a more favorable political climate for individual initiative, and for business in general.

Nobody expected the Republicans to change the stormy Fair Deal climate overnight; for many reasons, they could not. Under the Democrats, great areas of Government—particularly those having to do with business—were moved into the controlling hands of boards and commissions whose members were appointed for specific terms. Hence, barring mass resignations, many of these boards will remain in Democratic control for some time to come. The Federal Trade Commission...

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