(1929–1933). Hoover was originally a professional mining engineer and author. As the United States Secretary of Commerce
in the 1920s under Presidents Warren Harding and Calvin Coolidge
, he promoted partnerships between government and business under the rubric "economic modernization". In the presidential election of 1928
, Hoover easily won the Republican nomination
, despite having no previous elected office experience.
While the crash only took place six months ago, I am convinced that we have now passed the worst and with continuity of effort we shall rapidly recover.
The American people are doing their job today. They should be given a chance to show whether they wish to preserve the principles of individual and local responsibility and mutual self-help before they embark on what I believe to be a disastrous system. I feel sure they will succeed if given the opportunity.
Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.
A good many things go around in the dark besides Santa Claus.
Blessed are the young, for they shall inherit the national debt.
Older men declare war. But it is youth that must fight and die. And it is youth who must inherit the tribulation, the sorrow and the triumphs that are the aftermath of war.