Nation: Man in a Box

The eyes of the U.S. last week turned anxiously toward Wall Street, where drama and despair marked the stock market's worst week's plunge since June, 1950.

The sad news on the Big Board did not mean that the U.S. economy was in bad trouble. But it did highlight a dilemma for the economy and the Kennedy Administration. As a keystone of his Administration, President Kennedy promised to do two things: increase economic growth and check inflation. The trouble is that while both aims are laudable in theory, they do not necessarily go together. 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!