I have the honor to transmit herewith for the consideration of Congress a supplemental estimate of appropriation for the fiscal year 1931, in the sum of $250,000, to continue during the fiscal year 1931 the inquiry into the problem of the…
Herbert Hoover
The Public Record
Herbert Clark Hoover was the 31st President of the United States, serving from March 4, 1929, to March 4, 1933. A member of the Republican Party, Hoover was born in Iowa but later moved to California. Before his presidency, he served as the Secretary of Commerce from 1921 to 1928, where he focused on promoting economic growth and efficiency. Hoover was also known for his humanitarian efforts during World War I, leading relief efforts in Europe and earning a reputation as a skilled administrator.
By cooperation between Government officials and the entire community, business, railways, public utilities, agriculture, labor, the press, our financial institutions and public authorities, we have undertaken to stabilize economic forces…
I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover.
The great utilities, the railways, and the large manufacturers have responded courageously.
Our immediate problem, however, has been the necessity to mitigate the effect of the recent crash, and to get back onto the road of prosperity as quickly as possible.
The acceleration of construction programs has been successful beyond our hopes.
The ownership of homes, the improvement of residential conditions to our people, is the first anchor in social stability and social progress.
It is true that these economic things are not the objective of life itself.
There is one certainty in the future of a people of the resources, intelligence, and character of the people of the United States-that is prosperity.
They involve the immediate fears of men and women for their daily bread, the well-being of their children, the security of their homes.





