CIS Microfiche Library 1970-2002 (CIS Asia Pacific Collection)

 CIS NO: 70-S381-10
 TITLE: Impact of the War in Southeast Asia on the U.S. Economy, Part 1.
 SOURCE: Committee on Foreign Relations. Senate
 DOC TYPE: Hearing                   COLLATION: iii+121 p. il.
 DATE: Apr. 15, 16, 1970
 CONGRESS-SESSION: 91-2              SUDOC: Y4.F76/2:As4/11/pt.1
 ITEM NO: 1039
 LC CARD NO: 76-607454               MC ENTRY NO: 9909(70)

 First in a series of hearings to examine the cost of the Vietnam war to the
 U.S. in economic and human terms. Part I deals with the impact on the
 economy. Insertions include charts, tables, and articles on the economy.
 CONTENT NOTATION: Impact of war in SE Asia on U.S. economy
 DESCRIPTORS (and special content notations): COST OF WAR;
     ECONOMIC.POLICY; INFLATION; SOUTHEAST ASIA (Impact of war in SE Asia
     on US economy); VIETNAM (Impact of war in SE Asia on U.S. economy)

 70-S381-10 TESTIMONY NO: 1         Apr. 15, 1970 p. 2-75
 WITNESSES (and witness notations):
     LUNDBORG, LOUIS B. (chairman of the board, Bank of America, N.T. &
        S.A.); accompanied by ROSS, JOHN B. (associate economist)
 STATEMENT AND DISCUSSION: Discusses influence of the war on the economy;
     cites examples of dangerous results; states personal views on the war;
     discusses economic aggression as foreign policy.
 INSERTIONS: "Foreign Exchange Costs and Balance of Payments Effects of the
     Vietnam War" by Robert H. Shaffer, senior economist, Bank of America,
     N.T. & S.A. (p. 29-30).
       "Industrial Research and Development: Its Contribution to Social and
     Economic Progress in the Seventies" by Robert Oster, economist, Bank of
     America, N.T. & S.A. (p. 34-39).
       Bond yields, interest rates, and consumer prices, tables from Economic
     Indicators, Mar. 1970 (p. 52-56).
       "Our Mortgaged Future" by James Clayton, Playboy Magazine, Apr. 1970
     (p. 61-66).
       Inflation and Vietnam, articles and graphs (p. 67-73).
 CONTENT NOTATION: Impact of the war in Southeast Asia on the U.S. economy
     (Lundborg)
 DESCRIPTORS: BANK OF AMERICA; BALANCE OF PAYMENTS

 70-S381-10 TESTIMONY NO: 2         Apr. 16, 1970 p. 79-93
 WITNESSES (and witness notations):
     JANEWAY, ELIOT (president, Janeway Publishing and Research Corp)
 STATEMENT: Effects of Vietnam war on U.S. economic growth and trade
     balance; emergence and influence of the Asian dollar market;
     recommendation for use of dollar script in war zone. (For discussion,
     see S381-10.3.)
 CONTENT NOTATION: Impact of the war in Southeast Asia on the U.S. economy
     (Janeway)
 DESCRIPTORS: JANEWAY PUBLISHING AND RESEARCH CORP.

 70-S381-10 TESTIMONY NO: 3         Apr. 16, 1970 p. 93-121
 WITNESSES (and witness notations):
     SHERMAN, GORDON (president, Midas-International Corp)
 STATEMENT AND DISCUSSION: (Also covers statement under S381-10.2.)
     Management of the war from a businessman's point of view; relationship
     of stock market to U.S. role in Southeast Asia; business community
     reactions toward the Vietnam war; need for wartime financial controls;
     the war as a danger to U.S. free enterprise democracy; need for and ways
     to change the U.S. role in Southeast Asia.
 CONTENT NOTATION: Impact of the war in Southeast Asia on the U.S. economy
     (Sherman)
 DESCRIPTORS: MIDAS-INTERNATIONAL CORP.