With Lyndon Johnson's victory, the floodgates opened, and America began its second New Deal, labeled by Johnson the Great Society. No one in the Mainstream Media mentioned that Johnson had stolen the slogan from Britain's Fabian Socialists. Bill after bill was pushed through Congress with Johnson's huge congressional majorities. Johnson was right: The country was turning Hard Left, and he was the one turning it.
Vietnam was moving into the spotlight, and Johnson told Americans that the country could afford both guns and butter. This decision had a disastrous effect on gold flow because the country was still on a gold exchange standard for international settlements. The London Gold Pool was established to hold down the gold price, and public service announcements urged Americans to stay home and "See America first." It was Kennedy who understood that the gold problem came from having so much of the country's military deployed overseas, but Kennedy was no longer in a position to do anything about it. Johnson simply bulled ahead. The last remnants of silver were removed from American coinage as the currency inflated.
Musically, the second wave of the British Invasion crashed on American shores, inundating more American acts. Again, the Beatles had cleared the decks for the release of a new album in time for the Christmas season.
The Beatles did not release this on a single, so others took advantage of that lapse.