September 1929"There is no cause to worry. The high tide of prosperity will continue." — Andrew W. Mellon, Secretary of the Treasury.
October 14, 1929
"Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board." — New York Times
December 5, 1929
"The Government's business is in sound condition." — Andrew W. Mellon, Secretary of the Treasury
December 28, 1929
"Maintenance of a general high level of business in the United States during December was reviewed today by Robert P. Lamont, Secretary of Commerce, as an indication that American industry had reached a point where a break in New York stock prices does not necessarily mean a national depression." — Associated Press dispatch.
January 13, 1930
"Reports to the Department of Commerce indicate that business is in a satisfactory condition, Secretary Lamont said today." - News item.
January 21, 1930
"Definite signs that business and industry have turned the corner from the temporary period of emergency that followed deflation of the speculative market were seen today by President Hoover. The President said the reports to the Cabinet showed the tide of employment had changed in the right direction." - News dispatch from Washington.
January 24, 1930
"Trade recovery now complete President told. Business survey conference reports industry has progressed by own power. No Stimulants Needed! Progress in all lines by the early spring forecast." - New York Herald Tribune.
March 8, 1930
"President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days." - Washington Dispatch.
May 1, 1930"While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States - that is, prosperity." - President Hoover
June 29, 1930
"The worst is over without a doubt." - James J. Davis, Secretary of Labor.
August 29, 1930
"American labor may now look to the future with confidence." - James J. Davis, Secretary of Labor.
September 12, 1930
"We have hit bottom and are on the upswing." - James J. Davis, Secretary of Labor.
October 16, 1930
"Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment." - Charles M. Schwab.
October 20, 1930"President Hoover today designated Robert W. Lamont, Secretary of Commerce, as chairman of the President's special committee on unemployment." - Washington dispatch.
October 21, 1930
"President Hoover has summoned Colonel Arthur Woods to help place 2,500,000 persons back to work this winter." - Washington Dispatch
November 1930
"I see no reason why 1931 should not be an extremely good year." - Alfred P. Sloan, Jr., General Motors Co.
January 20, 1931
"The country is not in good condition." - Calvin Coolidge.
June 9, 1931
"The depression has ended." - Dr. Julius Klein, Assistant Secretary of Commerce.
Quotes compiled by Tim W. Wood - Cyclesman.com
Posts
You should find some equivalent quotes made October 2008 to date.
ReplyDeleteTHAT would be an interesting comparison.
N.B. During the above quoted years a CONTRACTION of all money in the American system was enacted PRIVATELY by Rothschild though his control of the Federal reserve and his financial agents in the US (Rockefeller, Morgan etc).
The great depression was caused by Rothschild just as the one we are beginning is caused by Rothschild by CONTRACTION of the total amount of money in American circulation.
Mouser
The Rockefellers aren't just Rothchild's agents, they are his descendants through the maternal line. It's all in the family. Many other banker families that do not have the Rothschild surname are descendants through the females.
ReplyDeleteI see from one the photos that the military was dispatched to keep the peace. I thought that was unconstitional!!!! I also see that nothing has changed with the government. I trust my American friends have a sufficient supply of bullets because I am sure the supply will become limited in the near future.
ReplyDeleteRemember:
ReplyDeleteOn December 23, 1776, the United States floated her first loan for war urposes.
BANKINGl:
Four hundred years ago, when a man put money in an English banks, his deposit was recorded by notching a stick. The stick was then split, the bank keeping one half, the depositor the other half.
Before the money could be withwdrawn, the two pieces had to be matched.
The depositor's half was called ''Bank stock'', whereas the part keep by the bank was the ''CHECK''
INCOME TAX (FEDERAL)
The sixteenth amendment to the Constitution, legalizing federal income taxes, was adopted in 1913. It began as an amendment to a bill in Congress lowering the tarif on imports.
The idea was that the small deficit from reduced tariff receipts could be taken care of by a tiny tax on prosperous incomes.
On income from $4000 to $20000, the bite was one percent. Few made over $4000.
That amount had a buying power of at least $93000 of today's money.
Few opposed the idea. It didn't seem important.
PAPER MONEY:
Paper money,as we know it today in the United States, was the result of a financial crisis during the Civil WAR. The nation was using metal money
almost exclusively, and President Abraham Lincoln couldn't get enough of it to pay the troops.
Some ofhis advisors urged him toprint money and be sent them to confer with Treasury Secretary Salmon P. Chase, who informed them angrily that such a scheme was unconstitutional.
Next day Lincoln sent the men back to Chase carrying this note ''You take care of the money to the Treasury and I will take care of the Constitution''.
Paper money, or ''greenbacks'', as they were then called have beenwith us ever since.
FEDERAL AID:
A system of making money taken from the people look like a gift when handed back.
YES, remember
rag
hi
ReplyDeleteVery well written article mate, thank you for the valuable and useful information. Keep up the good work! FYI, please check these depression, stress and anxiety related articles:
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