Political Quotes

Herbert Hoover: But a decrease in demands of policyholders for loans on the insurance companies and the action recently taken by the…

On the recordMarch 6, 1930
But a decrease in demands of policyholders for loans on the insurance companies and the action recently taken by the Federal Reserve System should result in increased supplies of credit, especially for residential building, which in turn has lagged behind other construction.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Statement on Unemployment and Business Conditions.

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