"At the end of 1964, wholesale prices had been relatively stable for some years"

This quote by Leonard Woodcock is referring to the financial stability of the United States in 1964. At the end of that year, wholesale costs had been reasonably stable for some years, suggesting that the economy was in a period of relative stability. This stability was most likely due to the economic policies of the time, which focused on preserving a balance in between economic growth and inflation. The stability of the economy in 1964 was a favorable indication for the future of the United States, as it revealed that the government had the ability to manage the economy in such a way that was advantageous to all citizens. This stability was also helpful to companies, as it allowed them to plan for the future without worrying about sudden modifications in the economy. In general, this quote is a testament to the economic stability of the United States in 1964, and the positive results it had on the country.