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Quotation by Herbert Hoover
I am convinced that ... 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.
Herbert Hoover (1874–1964), U.S. president. Ed. Arnold S. Rice, Herbert Hoover, 1874-1964: ChronologyDocumentsBibliographical Aids, p. 53, Dobbs Ferry (1971).
December 3, 1929.
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