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{
    "localId": "183567632",
    "label": "Sixth Draft of President Harry S. Truman's Associated Press Speech",
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{
    "id": "183567632",
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    "contentType": "document",
    "title": "Sixth Draft of President Harry S. Truman's Associated Press Speech",
    "citationUrl": "https://catalog.archives.gov/id/183567632",
    "collections": [
        "President's Secretary's Files (Truman Administration)",
        "Speech Files"
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    "levelOfDescription": "item",
    "productionDates": [
        {
            "logicalDate": "1947-04-01",
            "month": 4,
            "year": 1947
        }
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{
    "seq": 9,
    "pageIndex": 0,
    "type": "photo",
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    "ocrText": "- 9 -\ncorporate profits, after taxes, were 33 percent higher than in 1945.\nIn the first quarter of 1947, they ran even higher. These figures\nare total figures and do not, of course, apply to every industry\nor every business.\n10\"\nI do not have to name the particular industries or the\nparticular businesses. The men who run them know exactly which\nare included and which are not.\nOur private enterprise system now has the responsibility\nfor prices. During the war the government shared that responsibility\nthrough the mechanism of price control. In the spring of 1946 I\nstrongly recommended the continuation of price control so that we\ncould attain an orderly withdrawal from control of prices as supply\napproached demand. A group saw fit to sabotage price control and\nrepresented to the public that prices would come down in a free\nmarket.\nThis has not taken place. On the contrary, prices rose\nsharply after controls were taken off and they have continued to\nrise. Private enterprise must display the leadership to make our\nfree economy work by arresting this trend. Some price reductions"
}