1931 NY Times newspaper President HOOVER speech wth PLAN TO END GREAT DEPRESSION

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1931 NY Times newspaper President HOOVER speech wth PLAN TO END GREAT DEPRESSION
1931 NY Times newspaper President HERBERT HOOVER gives a speech with his PLAN TO END THE GREAT DEPRESSION
- inv # 1Q-224
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SEE PHOTO(s) - COMPLETE ORIGINAL NEWSPAPER, the
NY Times
dated June 16, 1931. This original newspaper contains a prominent front page headline with coverage of the
speech by President HERBERT HOOVER giving his plan to end THE GREAT DEPRESSION.
The stock market crashed on Thursday, October 24, 1929, less than eight months into Herbert Hoover’s presidency. Most experts, including Hoover, thought the crash was part of a passing recession. By July 1931, it had become clear that excessive speculation and a worldwide economic slowdown had plunged America into the midst of a Great Depression. Since the crash, Hoover had worked ceaselessly trying to fix the economy. He founded government agencies, encouraged labor harmony, supported local aid for public works, fostered cooperation between government and business in order to stabilize prices, and struggled to balance the budget. His work focused on indirect relief from individual states and the private sector, as reflected  on "support[ing] each state committee more effectively" and volunteerism—"appeal[ing] for funds" from outside the government.
As the Depression became worse, however, calls grew for increased federal intervention and spending. But Hoover refused to involve the federal government in forcing fixed prices, controlling businesses, or manipulating the value of the currency, all of which he felt were steps towards socialism. He was inclined to give indirect aid to banks or local public works projects, but he refused to use federal money for direct aid to citizens, believing the dole would weaken public morale. Instead, he focused on volunteerism to raise money. Hoover’s opponents painted him as uncaring toward the common citizen, even though he was in fact a philanthropist and a progressive before becoming president. During his reelection campaign, Hoover tried to convince Americans that the measures they were calling for might seem to help in the short term, but would be ruinous in the long run. He asserted that he cared for common Americans too much to destroy the country’s foundations with deficits and socialist institutions. He was soundly defeated by Franklin D. Roosevelt in 1932.
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Stephen A. Goldman Historical Newspapers
has been in the business of buying and selling historical newspapers for over 50 years. We are located in the charming Maryland Eastern Shore town of OXFORD, Maryland.
Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 50+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursors) for sale.
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