Our first step toward recovery is to reestablish confidence and thus restore the flow of credit which is the very basis of our economic life.
Herbert Hoover: “Our first step toward recovery is to reestablish confidence and thus restore the flow of credit which is the very basis…”
On the record
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gutenberg.orgEditor's note · Context
Hoover identifies restoring confidence as the first step necessary for economic recovery.
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I do so with the deepest regret because of the distinguished service you have rendered and the fine place you have been able to make for yourself in the Diplomatic Service.





