The presidency of Dwight D. Eisenhower began at noon EST on January 20, 1953, with his inauguration as the 34th President of the United States, and ended on January 20, 1961. Eisenhower frequently met with the press corps, but his performance in these meetings was widely regarded as awkward. Given the collapse of British prestige and the rise of Soviet interest in the region, the president informed Congress on January 5, 1957 that it was essential for the U.S. to accept new responsibilities for the security of the Middle East. The stock market performed very well while Eisenhower was in the White House, with the Dow Jones Industrial Average more than doubling (from 288 to 634), and personal income increased by 45 percent.
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