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.
Pending the compilation and analysis of this statement I wish to suggest that you refrain from actually obligating money available for expenditure during the current fiscal year except in those cases where such postponement or elimination…
The situation is a serious one and demands that we all make the most earnest efforts to eliminate or postpone all such activities as may be so treated without serious detriment to the public welfare.
In view of the fact that our receipts are falling off materially from the amount estimated at the time of the preparation of the Budget for 1932 and of the consequent large deficit indicated for the current fiscal year, I wish again to…
The Conference has demonstrated a fine spirit of conciliation and consideration amongst nations that will have lasting benefits in establishment of stability.
The program contributes to expedite recovery from worldwide depression through the overcoming of the most important elements in the crisis affecting Central Europe.
The world is indebted to Premiers MacDonald, Laval, and Bruning, to Messrs. Stimson, Mellon, Grandi, Francqui, and other governmental representatives in this Conference.
The major problem is one affecting primarily the banking and credit conditions and can best be solved by the voluntary cooperation of the bankers of the world rather than by governments with their conflicting interests.
The program supplements the suspension of intergovernmental debts already in effect.
The combined effect should enable the German people with their resources, industry, and courage, to overcome the temporary difficulties and restore their credit.





