DailyTimeCapsule brief
December 11, 1946
On December 11, 1946, the United States experienced an unseasonably high temperature of 68.8 degrees Fahrenheit, creating a stark contrast to typical winter weather and rendering fur coats nearly obsolete for the day. Meanwhile, a significant appeal for intervention in Korea was made, leading to a resolution drafted for presentation to the United Nations, emphasizing the urgent need for international oversight in the region amidst rising tensions. The economic climate was also a focal point, as Cox spoke at a credit parley, asserting that government regulations, particularly Regulation W, were unnecessary and detrimental, arguing that no government intervention could effectively manage the cycles of inflation and deflation. This highlighted a growing concern within conservative circles regarding the role of government in regulating the economy and the potential negative impact on the standard of living for American citizens.
Key developments
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On December 11, 1946, a record high temperature of 68.8 degrees was recorded, shattering previous December norms. This unusually warm weather led many to question the continued relevance of winter attire, particularly fur coats. The event marked a notable example of climate variability during the mid-20th century.
Wikimedia Current Events -
APPEAL MADE FOR KOREA; Resolution Drawn Up to Present to U.N. if Case Is Admitted
Wikimedia Current Events -
DISCOUNTS CONTROL OF BUSINESS CYCLE; Cox Tells Credit Parley No Curb by Government Can Regulate Inflation or Deflation REGULATION W CRITICIZED Held Unnecessary Burden That Will Lower the Standard of Living if It Is Continued Cash or Credit Discussed DISCOUNTS CONTROL OF BUSINESS CYCLE
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