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(Studio) Howard K. Smith and Harry Reasoner review `74. Howard K. Smith questions Harry Reasoner about most important event in `74. Harry Reasoner picks resignation of Nixon and whole complex of Watergate events. Howard K. Smith believes Watergate had some positive effects in DC; pols. more moral. Harry Reasoner predicts morality won't last. Howard K. Smith believes switch in flow of wealth most important event in `74. Harry Reasoner believes dvpd. cntrys. more aware of precious resources. Howard K. Smith believes American must learn to adjust to thriftier lifestyle and do something about arms.
REPORTER: Howard K. Smith; Harry Reasoner
- Reasoner, Harry;
- Smith, Howard K.
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