John F. Kennedy's Speech On The Rise Of Steel Prices

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In 1962, President John F. Kennedy's speech on the rise of steel prices, argues that there is no reason for the price of steel to rise. Kennedy supports his argument by explaining the negative effects, and the greed from the steel companies. Kennedy's purpose is to point out the facts in order to pin the public against the steel companies. Kennedy speaks in an informative tone for American citizens in the midst of a recession and a war directly affecting these American citizens. Kennedy lists the negative effects raising steel prices will have on American citizens. “It would increase the cost of homes, autos, appliances, and most other items for every American family.” Kennedy uses common appeals that American citizens have to help them realize there is a bigger effect if the steel prices rise than they might have thought. The next evidence: “It would add… an estimated one …show more content…

“Steel output per man is rising so fast that labor cost per ton of steel can actually be expected to decline in the next 12 months.” Kennedy uses logic to help citizens realize that if it is getting cheaper to make steel why would they want to charge more unless they were just in it for themselves. “Industry’s cash dividends have exceeded 600 million dollars in each of the last five years; earnings in the first quarter of this year were estimated… to be among the highest in history.” In this quote, Kennedy uses facts about the steal companies’ earnings to help persuade Americans that in the midst of a recession, the steal companies don’t care about that and want even more money for themselves and their stockholders even though they are projected to have the highest dividends in history already. In conclusion, Kennedy wants to put the facts about the steal companies’ business side to show to the American public that things are getting cheaper and they are making more so why would they raise the prices if not just for