On April 10, 1962, the United States was emerging from a recession and was in a state of economic distress. Without any regard to the welfare of the state, the nation’s largest steel companies greedily raised their steel prices by 3.5 percent. President John Fitzgerald Kennedy gave a speech in which he attempts to persuade the executives of said steel companies to reduce their high prices and stable their wages as a form of sacrifice for the sake of the United States economy during the period of economic distress. Kennedy, known for his eloquence, was able to place himself on the same level and prospect with the proletariats while using logical appeals to better justify his approach companies.
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