The major problem is one affecting primarily the banking and credit conditions and can best be solved by the voluntary cooperation of the bankers of the world rather than by governments with their conflicting interests.
Herbert Hoover: “The major problem is one affecting primarily the banking and credit conditions and can best be solved by the voluntary…”
On the recordJuly 22, 1931
Source
presidency.ucsb.eduEditor's note · Context
Statement on the London Conference of Ministers.
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