Political Quotes

Herbert Hoover: “The expansion of credit facilities by the Federal Reserve System and the Reconstruction Finance Corporation has been of…”

On the record
The expansion of credit facilities by the Federal Reserve System and the Reconstruction Finance Corporation has been of incalculable value.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Hoover acknowledges the significant role of credit expansion in aiding the economy during the Great Depression.

Share

More from Herbert Hoover

Jun 27, 1932

Enlisted men of the Marine Corps having established their special qualifications in the use of the arm or arms which they are required to use, under such regulations and conditions as are now, or may hereafter be, prescribed by the…

presidency.ucsb.edu
Jun 26, 1932

My dear Mrs. Bird: I am deeply grieved to learn of the death of your brother, the universally beloved Father Francis P. Duffy.

presidency.ucsb.edu
Jun 26, 1932

I had the pleasure of his acquaintance and I shared the admiration he inspired in all who knew him by his joyous humanity and his unlimited interest in and devotion to the happiness and well-being of others.

presidency.ucsb.edu

Other voices in this conversation