Our difficulty is a diffusion of resources and the primary need is to mobilize them in such a way as to restore, in a number of localities, the confidence of the banker in his ability to continue normal business and to dispel any conceivable doubt in the mind of those who do business with him.
Herbert Hoover: “Our difficulty is a diffusion of resources and the primary need is to mobilize them in such a way as to restore, in a…”
On the recordOctober 6, 1931
Source
presidency.ucsb.eduEditor's note · Context
Statement on Financial and Economic Problems.
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