On the record
All of this tends to stifle business, especially the smaller units, and finally expresses itself in further depression of prices and values, in restriction on new enterprise, and in increased unemployment.
Source
gutenberg.orgHerbert Hoover: “All of this tends to stifle business, especially the smaller units, and finally expresses itself in further depression…”
Editor's note · Context
Hoover highlights the negative impact of stifling business on the economy, particularly for smaller enterprises.
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