The Economy: If Peace Comes

Peace in Viet Nam may still be a long way off, but even the prospect of negotiations has created a new mood for much of U.S. business. As they look toward war's end, most businessmen see economic possibilities that range from pleasant to dazzling. Says Economist Arthur Smith of the First National Bank in Dallas: "No single event would do more good for the nation's economy than ending the war."

Wall Street quite obviously agrees with the prognosis. President Johnson's March peace overtures gave the stock market its sharpest two-week surge in...

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!