DailyTimeCapsule brief
August 13, 1955
On August 13, 1955, significant developments unfolded in the agricultural sector as the U.S. government announced plans to reduce the price support for inferior wheat by 20 cents a bushel for the upcoming year. This decision was a response to the ongoing struggles faced by farmers during a period of fluctuating crop yields, reflecting a broader concern over agricultural stability in the post-war economy. Concurrently, the Fred Harvey Company restructured its leadership, electing a new chairman and president, signaling shifts in corporate governance during a time of economic expansion in the United States. The year 1955 was marked by rising consumerism and the advent of television as a dominant cultural force, influencing both public perception and business practices across the nation.
Key developments
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On August 13, 1955, significant leadership changes were announced in the business sector. J. Davis was appointed as chairman, while M. Davis took the role of president. This event marked a pivotal moment in the organization's direction and governance.
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In August 1955, the U.S. Department of Agriculture announced plans to cut the price support rate for certain inferior varieties of wheat by 20 cents per bushel for the 1956 crop year. This decision affected 23 designated varieties aimed at improving overall market quality. Simultaneously, support rates for other wheat varieties were adjusted upwards to achieve a national average of $1.81 per bushel.
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On August 13, 1955, the Fred Harvey Company held an election resulting in significant leadership changes. B. Harvey Jr. was elected as Chairman, while M. Adams took on the role of President. This marked a pivotal moment in the company's history, influencing its future direction and management strategies.
