The President's News Conference
07/04/1929
https://www.presidency.ucsb.edu...
Of course, hoarding is just one of the parts of the vicious cycle that starts from a shortage of credit.
Up to a few days previous to that time hoarding was greatly on the increase.
The public can understand that if one local merchant finds it difficult to borrow from the banks his normal credit to maintain a stock of go...
A race is fortunate that can contribute a voice calling to order and to conscience in the world which shall be heard above the froth and imm...