× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Dollar #227709

CBS Evening News for Friday, Mar 02, 1973
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) International money mkts. closed today, but in unofficial trading value of dollar continues to plunge. Common market cntrys. will meet and discuss issue Sunday in Brussels.
REPORTER: Walter Cronkite

(London, England) Commercial banks busy buying and selling dollars. [Samuel Montagu and Company Limited spokesperson Guy FIELD - says businesses losing confidence in paper money in general. If trend continues could lead to severe depression.]
REPORTER: John Laurence

(Bonn, West Germany) UK Prime Minister Edward Heath and West German Chancellor Willy Brandt hold meeting on money crisis. Value dollar down 6% since yesterday. [HEATH - says little rational explanation exists for new crisis.] [Former West German Econ. Min. Karl SCHILLER - says major national companies selling dollars because know value too high and must drop.] Speculators are companies like Ford, General Motors and IBM, among others.
REPORTER: John Sheahan

(Studio) Ford, General Motors Corporation and IBM deny speculating with dollar.
REPORTER: Walter Cronkite

Cronkite, Walter;
Laurence, John;
Sheahan, John

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.