I have... instituted systematic, voluntary measures of coop… - Herbert Hoover

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I have... instituted systematic, voluntary measures of cooperation with the business institutions and with State and municipal authorities to make certain that fundamental businesses of the country shall continue as usual, that wages and therefore consuming power shall not be reduced, and that a special effort shall be made to expand construction work in order to assist in equalizing other deficits in employment... I am convinced that through these measures we have reestablished confidence. Wages should remain stable. A very large degree of industrial unemployment and suffering which would otherwise have occurred has been prevented. Agricultural prices have reflected the returning confidence. The measures taken must be vigorously pursued until normal conditions are restored.

Herbert Hoover

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About Herbert Hoover

Herbert Clark Hoover (10 August 1874 – 20 October 1964) was the 31st president of the United States (1929–33). He was a professional mining engineer and was raised as a Quaker. A Republican, Hoover served as head of the U.S. Food Administration during World War I, and became internationally known for humanitarian relief efforts in war-time Belgium. As the United States Secretary of Commerce in the 1920s under Presidents Warren G. Harding and Calvin Coolidge, he promoted partnerships between government and business under the rubric "economic modernization". In the presidential election of 1928, Hoover easily won the Republican nomination, despite having no elected-office experience. Hoover is the most recent cabinet secretary to be elected President of the United States, as well as one of only three presidents (along with William Howard Taft and Donald Trump) elected without electoral experience or high military rank.

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Birth Name: Herbert Clark Hoover

Alternative Names: Herbert C. Hoover • President Hoover • H. C. Hoover • H. Hoover

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There is no economic failure so terrible in its import as that of a country possessing a surplus of every necessity of life in which numbers willing and anxious to work, are deprived of dire necessities. It simply cannot be if our moral and economic system is to survive.

In the larger view the major forces of the depression now lie outside of the United States, and our recuperation has been retarded by the unwarranted degree of fear and apprehension created by these outside forces.

One has to bear in mind that one of the tactics of revolution is to destroy one's predecessors in authority at any cost or hazard.

I have... instituted systematic, voluntary measures of cooperation with the business institutions and with State and municipal authorities to make ce… - Herbert Hoover

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