I believe that the individual American has not realized the harm he has done when he hoards even a single dollar away from circulation.
Herbert Hoover: “I believe that the individual American has not realized the harm he has done when he hoards even a single dollar away…”
On the recordMarch 5, 1932
Source
presidency.ucsb.eduEditor's note · Context
Radio Address on the Hoarding of Currency.
Share
More from Herbert Hoover
Jun 26, 1932
I had the pleasure of his acquaintance and I shared the admiration he inspired in all who knew him by his joyous humanity and his unlimited interest in and devotion to the happiness and well-being of others.
Jun 26, 1932
Executive Order No. 4610, approved March 10, 1927, as amended by Executive Order No. 4833, March 19, 1928, and by Executive Order No. 5001, November 23, 1928, is revoked effective July 1, 1932.
Jun 26, 1932
You have always been a public spirited citizen, working for the best interests of your state and of the nation and I know that whether in diplomatic work or at home, you will continue to render valuable service.





