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Your Pocketbook

On the onset of the Korean War, Truman knew two factors were vital: the support of a strong United Nations and a strong U.S. economy.

11 old time radio show recordings
available in the following formats:

1 MP3 CD
or
3 Audio CDs


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Play a sample episode from July 18, 1951:

"Fighting Inflation"



... or click here to save the Mp3 file to your computer

About this Old Time Radio Show

Text on OTRCAT.com ©2001-2016 OTRCAT INC All Rights Reserved. Reproduction is prohibited.

Help Your OPA Fight Inflation 1950WNYC's Your Pocketbook program is as much a Cold War artifact as much as Yertle the Turtle or The Fifth Horseman, albeit a much less frightening one.

After VJ Day, Americans became obsessed with post War Prosperity, enjoying their position as leaders of the Free World, and the new device which was taking over their living rooms, the Television. With this relatively narrow focus, the onset of hostilities on the Korean Peninsula on Sunday, June 25, 1950, caught more than a few people by surprise.

The Korean issue was mostly ignored by the West before that date. Korea was a source of food, livestock and metals for the Empire of Japan during WWII. When Russia declared war on Japan after defeating Germany, they invaded Manchuria and occupied the northern part of Korea while the Americans took the south. Both powers withdrew and left the region highly unstable and unable to achieve unification.

President Truman feared that a war in Korea would devolve into a Third World War, especially since the North was backed by the Red Chinese and the Soviets who had recently exploded their first Atomic device. To prosecute a War, Truman knew two factors were vital: the support of a strong United Nations and a strong U.S. economy.

Memories of WWII rationing were still fresh in the minds of American consumers, and with the threat of war hoarding became rampant. Retail sales figures for July, 1950 showed an 8% increase; coffee prices increased 9%, tin was up 26% and rubber 27%. Truman created the Economic Stabilization Agency and the Wage Stabilization Board in September and in January, 1951, the Office ofPrice Stabilization was created with Toledo mayor Michael DiSalle as director.

Betty Crocker RationingWithin two days of its creation, the OPS announced a hugely unpopular price freeze, but was quickly forced to allow price increases on many items. The OPS finally announced a long range price control strategy in April, but that plan also lacked popular support. In February, 1953, President Truman issued an Executive Order which brought an end to wage and price controls.

While the OPS was in operation, the role of the district offices was to monitor and investigate businesses in their area for violations of OPS directives. The regional offices also kept consumers aware of the OPS's activities and encouraged them to avoid black markets, hoarding and other activities that could lead to uncontrolled inflation.

WNYC put Regional OPS Director James G. Lyons on the air in a weekly program called Your Pocketbook. The program was a scripted interview format. A friendly and informative tone was kept throughout, when the government officials on the air avoiding any temptation to be accusatory or to talk down to their audience. Topics included price control, regulating beef production and prices, the threat of inflation, price stabilization, the fight against inflation, and stabilizing markets beginning at the farm level.

Text on OTRCAT.com ©2001-2016 OTRCAT INC All Rights Reserved. Reproduction is prohibited.

These classic recordings are available in the following formats:
  • MP3 CDs are delivered by mail. These archival quality MP3 CDs are playable in your computer and many MP3 player devices.



    11 recordings on 1 MP3 CD for just $5.00
    total playtime 2 hours, 32 min
    Add MP3 Collection to Cart

    Click here to see disc contents


      11 shows - total playtime 2 hours 32 minutes
      1. Your Pocketbook 510516 Beef Regulations.mp3
      2. Your Pocketbook 510522 Threats Of Rationing.mp3
      3. Your Pocketbook 510606 Regulations On Beef.mp3
      4. Your Pocketbook 510613 Community Pricing.mp3
      5. Your Pocketbook 510620 Threat Of Inflation.mp3
      6. Your Pocketbook 510627 Battle To Stabilize Prices.mp3
      7. Your Pocketbook 510704 Fighting Inflation.mp3
      8. Your Pocketbook 510711 Price Control.mp3
      9. Your Pocketbook 510718 Fight Against Inflation.mp3
      10. Your Pocketbook 510808 Effects Price Control.mp3
      11. Your Pocketbook 510912 Price Stabilization At Farm Level.mp3
  • MP3 downloads are available instantly after purchase!



    11 recordings on 1 MP3 Collection Download for just $5.00
    total playtime 2 hours, 32 min
    Add MP3 Collection to Cart

    Click here to see disc contents


      11 shows - total playtime 2 hours 32 minutes
      1. Your Pocketbook 510516 Beef Regulations.mp3
      2. Your Pocketbook 510522 Threats Of Rationing.mp3
      3. Your Pocketbook 510606 Regulations On Beef.mp3
      4. Your Pocketbook 510613 Community Pricing.mp3
      5. Your Pocketbook 510620 Threat Of Inflation.mp3
      6. Your Pocketbook 510627 Battle To Stabilize Prices.mp3
      7. Your Pocketbook 510704 Fighting Inflation.mp3
      8. Your Pocketbook 510711 Price Control.mp3
      9. Your Pocketbook 510718 Fight Against Inflation.mp3
      10. Your Pocketbook 510808 Effects Price Control.mp3
      11. Your Pocketbook 510912 Price Stabilization At Farm Level.mp3
  • Standard Audio CDs are delivered by mail on archival quality media with up to 60 minutes on each CD and play in all CD players



    11 recordings on 3 Audio CDs
    total playtime 2 hours, 32 min

    Disc A001

    1. Your Pocketbook 510516 Beef Regulations
    2. Your Pocketbook 510522 Threats Of Rationing
    3. Your Pocketbook 510606 Regulations On Beef
    4. Your Pocketbook 510613 Community Pricing
    5. Your Pocketbook 510620 Threat Of Inflation

    Add Audio CD to Cart - $5.00
    Disc A002

    1. Your Pocketbook 510627 Battle To Stabilize Prices
    2. Your Pocketbook 510704 Fighting Inflation
    3. Your Pocketbook 510711 Price Control
    4. Your Pocketbook 510718 Fight Against Inflation
    5. Your Pocketbook 510808 Effects Price Control

    Add Audio CD to Cart - $5.00
    Disc A003

    1. Your Pocketbook 510912 Price Stabilization At Farm Level

    Add Audio CD to Cart - $5.00