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Herbert Hoover actually said...

But as the basis of the settlement of these debts was the capacity under normal conditions of the debtor to pay, we should be consistent with our own policies and principles if we take into account the abnormal situation now existing in the world.

06/19/1931

https://www.presidency.ucsb.edu...

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View All Herbert Hoover Quotes

Herbert Clark Hoover

deceased

usa, California

3,194 Quotes

Born8/10/1874

Died10/20/1964 (aged 90)

PartyRepublican

  • President of the United States

    3/4/1929 - 3/4/1933
  • secretary of commerce

    3/5/1921 - 8/21/1928
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