Herbert Hoover said "All slumps are the inexorable consequences of the destructive forces of booms." @ PoliticalQuotes.com

On the recordApril 30, 1930

All slumps are the inexorable consequences of the destructive forces of booms.

Said by

Republican · California

Source

Address to the Chamber of Commerce of the United States.

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More from Herbert Hoover

Jun 21, 1932

No such suggestion has ever been made by any American official.

Jun 12, 1932

I am deeply grieved to learn of the death of your husband, who was my good friend and distinguished predecessor in the Department of Commerce.

Jun 15, 1932

Section 598 of the Consular Regulations of 1896 is hereby canceled.

Jun 15, 1932

That storm still surrounds us.

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