Political Quotes

Herbert Hoover: “While our industry and commerce must be based upon incentive to the individual, yet the national interest requires a…”

On the recordApril 29, 1931
While our industry and commerce must be based upon incentive to the individual, yet the national interest requires a certain degree of cooperation between individuals in order that we may reduce and eliminate industrial waste, lay the foundation for constant decrease in production and distribution costs, and thereby obtain the fundamental increase in wages and standards of living.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Message to the Convention of the American Trade Association Executives.

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