On the record
The sudden threat of unemployment and especially the recollection of the economic consequences of previous crashes under a much less secured financial system created unwarranted pessimism and fear.
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gutenberg.orgHerbert Hoover: “The sudden threat of unemployment and especially the recollection of the economic consequences of previous crashes under…”
Editor's note · Context
Hoover discusses the fear and pessimism that arose from the threat of unemployment and past economic crashes.
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More from Herbert Hoover
Jun 21, 1932
That the validity of a passport . . . shall be limited to a period of two years.
Jun 23, 1932
I am glad to see the adoption by both the Senate and the House of the principle of generous relief to unemployment.
Jun 23, 1932
I am glad to see the adoption by the Senate and House of the principle of generous relief to unemployment.
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