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Image courtesy of the Lyndon Baines Johnson Library and Museum.
Image courtesy of the Lyndon Baines Johnson Library and Museum.
Upward, Ever Upward
Image courtesy of the Lyndon Baines Johnson Library and Museum.
Image courtesy of the Lyndon Baines Johnson Library and Museum.

Upward, Ever Upward

Artifact ID1973.1.808
Object Type Cartoon Drawing
Artist (United States, 1916 - 1978)
Publisher (founded 1920)
Gifter
Date ca. January 1968
Medium Ink and grease pencil on drawing paper
DimensionsOverall H 22 3/4 in x W 18 in (57.8 cm x 45.7 cm )
Physical Description
Physical DescriptionOriginal cartoon drawing. A man ("Consumer") is swept through the cosmos as he hangs on to a big basket ("Prices") with wings. Caption: “Upward, Ever Upward”. Additional text at upper center: [strikethrough] "Perpetual Motion". Artist signature lower right: "Warren King" and "Jan 27-68”.
Historical NoteWhen Lyndon B. Johnson signed the 1964 Revenue Act that decreased income taxes and refused to raise taxes, spending by consumers and businesses increased. Along with government spending from the Vietnam War and Great Society, all of this increase of demand led to inflation. To slow down the economy and prevent further inflation, either spending had to be cut or taxes had to be raised.
Additional Details
Custodial History NoteThe item was a gift from the general public to President Johnson during his term in office. It was received by President Johnson, until the President donated it to the Lyndon Baines Johnson Library and Museum in 1973.
Credit LineGift of Lyndon Baines Johnson
National Archives Catalog CollectionLyndon B. Johnson Library Museum Collection (National Archives Identifier 192413)
National Archives Catalog SeriesGifts from the General Public (National Archives Identifier 189698395)
Use Restriction StatusRestricted - Fully
Use Restriction NoteCopyright or other proprietary rights are held by individuals or entities other than the LBJ Presidential Library and Museum. The LBJ Presidential Library and Museum does not warrant that the use of materials will not infringe on the rights of third parties holding the rights to these works, or make any representations or warranties with respect to the application or terms of any international agreement, treaty, or protections that may apply. It is your responsibility to determine and satisfy any copyright or other use restrictions. Pertinent regulations can be found at 36 C.F.R 1254.62.
In Collection(s)
Not on view
Subjects
Inflation
Place of Publication
New York
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