Search the Archive

International Currency Crisis #15395

ABC Evening News for Monday, May 10, 1971
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) West Germany, Switzerland and Holland either revaluing currencies upward or letting them float. France, Italy and England stick with United States dollar, in effect devaluating own currencies; United States dollar in effect devalued 3-6%.
REPORTER: Harry Reasoner

(London, England) Europe still relies on United States dollar. [Barclay's Bank Mgr. Peter DAY - says dollar remains reserve and trading currency until stronger, more valuable currency found.]
REPORTER: George Watson

(NYC) Currency situation to have little direct, immediate effect on Americans [Chase Manhattan Bank spokesperson Eugene A. BIRNBAUM - thinks problems of situation psychological; actual changes small, may help US; emotional reaction to situation may overwhelm economy realities.]
REPORTER: Gregory Jackson

Jackson, Gregory;
Reasoner, Harry;
Watson, George

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.