Artist: Eddie Germano (All)
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Artwork Details
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Description“The Old College Try” (October 1974)By Eddie Germano (1924 - ) 11 x 15, ink and wash on board A native Bostonian, Germano became a full-time cartoonist in 1948, at age 24, after serving in WWII. Among other positions, he worked as the editorial and sports cartoonist for the Brockton Enterprise from 1963-1990. Ford had taken office in August 1974, following Nixon’s resignation, amidst one of the worst economic crises in US history, marked by high unemployment and rising inflation, following the 1973 oil crisis. Ford favored addressing the problem through voluntary actions of citizens, instead of price restrictions imposed centrally by the government. Ford declared inflation "public enemy number one" before Congress on October 8, 1974, in a speech entitled "Whip Inflation Now", announcing a series of proposals for public and private steps intended to directly affect supply and demand to bring inflation under control. Suggested actions for citizens included carpooling, turning down thermostats, and starting their own vegetable gardens. "WIN" buttons immediately became objects of ridicule; skeptics wore the buttons upside down, explaining that "NIM" stood for "No Immediate Miracles," "Nonstop Inflation Merry-go-round," or "Need Immediate Money." Alan Greenspan went along with the "Whip Inflation Now" campaign, but would later recall that he was thinking the idea was "unbelievably stupid." Ford was a huge supporter of colleges, college athletics, and his own history as an undergraduate at the University of Michigan. He was a start player for the football team at Michigan, and helped the Wolverines to two undefeated seasons and national titles in 1932 and 1933. Social/Sharing |
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