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Herbert Hoover: Containing the Public Messages, Speeches, and Statements of the President

Herbert Hoover: Containing the Public Messages, Speeches, and Statements of the President is a scholarly compilation that includes a wide range of documents from Hoover's time in office. The book provides insight into his administration's policies and his approach to various issues, reflecting his role as the 31st President of the United States. more

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Herbert Hoover
Herbert Hoover

Herbert Hoover, the 31st President of the United States, was born on August 10, 1874, and died on October 20, 1964. A distinguished engineer, businessman, and philanthropist, he served as the United States Secretary of Commerce and as the Director of the United States Food Administration during World War I. As President, Hoover implemented a series of policies aimed at alleviating the Great Depression, but his approach was widely criticized. more

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“The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.”

“We supported the cooperative movement among farmers. The movement was still young and stubbornly opposed to the commercial distributors. I believed it to be one of the most helpful undertakings, for according to my social theories any organization run by citizens for their own welfare is preferable to the same action by the government.”

“Capital, and the question of who owns it and therefore reaps the benefit of its productiveness, is an extremely important issue that is complementary to the issue of full employment... I see these as twin pillars of our economy: Full employment of our labor resources and widespread ownership of our capital resources. Such twin pillars would go a long way in providing a firm underlying support for future economic growth that would be equitably shared.”

“One of the proven ways of getting workers more involved with their jobs is by dovetailing employee profit-sharing and stock ownership plans with greater responsibility sharing... Trade unions in this country should... consider these arrangements much more carefully than they have up to now... Expanded employee profit participation and stock ownership would provide workers with a greater measure of economic and social independence, thus stimulating increased productivity.”

“At the time we were funding our national debt, we heard much about "a public debt being a public blessing"; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture. This paradox was well adapted to the minds of believers in dreams.”