Hoover on the Recovery

A few good quotes:

“The spring of 1930 marks the end of a period of grave concern…American business is steadily coming back to a normal level of prosperity.”
— Julius Barnes, head of Hoover’s National Business Survey Conference, March 16, 1930

“While the crash only took place six months ago, I am convinced we have now passed through the worst — and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us.”
— Herbert Hoover, May 1, 1930

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