"I have... instituted systematic, voluntary measures of cooperation with the business institutions and with State and municipal authorities to make certain that fundamental businesses of the country shall continue as usual, that wages and therefore consuming power shall not be reduced, and that a special effort shall be made to expand construction work in order to assist in equalizing other deficits in employment... I am convinced that through these measures we have reestablished confidence. Wages should remain stable. A very large degree of industrial unemployment and suffering which would otherwise have occurred has been prevented. Agricultural prices have reflected the returning confidence. The measures taken must be vigorously pursued until normal conditions are restored."
React to this quote
More by Herbert Hoover
See allResonant Thoughts
"Our only "crime" is that in Bucharest we did not agree that a fraternal communist party like the Chinese Communist Party should be unjustly condemned; our only "crime" is that we had the courage to op…"
Explore Further
Related Quotes
"Formulating and structuring a system provide methods for relating what the system consists of in the mind o…"
— Harold Chestnut"Toil, says the proverb, is the sire of fame."
— Euripides"Don't get me wrong. I don't look down on intelligence gatherers, and I don't mean to condemn any specific i…"
— Colin Powell"Gradually we began to present a closed front. By working there had been created not only a clarity in the c…"
— Theo van Doesburg"Allen Brown's work encapsulates the slow drift from military to symbolic interpretation."
— R. Allen Brown"Keynesian economics is really just models and numbers and how things would work in a laboratory, not how th…"
— Glenn Jacobs