Herbert Hoover actually said...

There is no justification for any such situation in view of the strength of our banking system and the strong position of our Federal Reserve System.

Statement on Financial and Economic Problems.

10/06/1931

More Herbert Hoover Quotes

The Board considers that in the present situation a substantial reduction in imports can be brought about without distributing the price of ...

On the 29th of January the Oil Conservation Board recommended to Congress that authority be given to the Federal Trade Commission to effect ...

On March 5, therefore, the Board, with my approval, requested that importers should each voluntarily prorate their production from foreign p...

The consumption of the United States is approximately 900 million barrels per annum, the imports thus representing something over 11 percent...