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U.S. President Gerald Ford and five other industrial-nation leaders opened a three-day economic summit at Château de Rambouillet on November 15, 1975. The meeting later became the foundation for the annual G7 gatherings.
The IndependentU.S. President Gerald Ford called on leaders of France, Britain, West Germany, Italy, and Japan to turn the world’s economic slump into prosperity by 1977. He addressed the opening session at the 14th-century Château de Rambouillet, 30 miles south of Paris, on November 15, 1975.
Ford “categorically rejected the view” that expansion in the industrial world is impossible at pre-recession rates, an aide told newsmen. U.S. growth rate of between 6 and 7 percent through 1976.
The first meeting began shortly after he arrived. The free-flowing talks broke nearly three hours later for dinner. French President Valéry Giscard d’Estaing told newsmen after the session: “I am optimistic.
British officials indicated a consensus was emerging that the worst of the economic downturn might already be over. Secretary of State Henry A. ” The dinner featured stuffed chicken as the main course with wines that were good but not spectacular.
Japanese Prime Minister Takeo Miki reported that his country had been hurt by a decline in world trade and pressed immediately for a freer flow of international commerce. British Prime Minister Harold Wilson wanted fellow leaders to back a plan for a new and strengthened world code to check the spread of nuclear know-how, equipment, and weapons.
Ford, Giscard d’Estaing, and Italian Prime Minister Aldo Moro attended services at the Roman Catholic church in Poigny la Forêt on the morning of November 16, 1975.
The church is a 10-minute drive from the château. Priceless furniture and statuary were trucked from the Louvre for the summit occasion. ” He told Giscard d’Estaing: “The facilities are really gorgeous.
He called out “Helmut, oh Helmut” as West German Chancellor Helmut Schmidt entered the room. Giscard d’Estaing wore a greenish tweed weekend suit. Schmidt wore a light gray suit. Ford was the most formally dressed leader, wearing a dark blue suit with a vest and white shirt.
The group of 18 participants, including finance and foreign ministers, sat nine on each side of a 30-foot long table. Giscard d’Estaing and Ford faced each other across the table; Wilson and Moro faced each other; Miki and Schmidt faced each other. Each participant had earphones.
There were five closed-in interpreters’ booths and a bust of King François I at opposite ends of the room. The leaders did not expect to reach firm decisions but aimed to define directions for fighting inflation, unemployment, and declining world trade. Presidential press spokesman Ron Nessen said the summit may result in an improved performance in the American economy.
Each visiting leader was assigned an apartment in the château. Moving men worked until the early hours of November 15, 1975, uncrating furniture and paintings from the Louvre. More than 3,000 armed French police were deployed around the wooded grounds and gardens.
It had a Spanish-made bed with a working fireplace at the foot and a direct telephone linking him to the White House. Wilson was given an apartment done in mahogany and satin overlooking the garden ponds. Miki was assigned an apartment with heavy beams and Louis XVI furniture.
Schmidt was assigned an apartment furnished in Directoire style. Moro had rooms furnished in Empire style. The six nations intended to align policies on reform of the world monetary system, including the French-American dispute over floating exchange rates.
They also intended to align policies on a common energy policy, including new sources of supply and conservation programs. They intended to align policies on the general world economic outlook and tackling inflation. They intended to align policies on relationships between older industrialized nations, newly rich oil producers, and the poorest developing lands.
There were 15 million jobless in Western countries at the time of the summit. Canada joined the group in 1976, forming the G7.
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