Abstract

Editorials

November 5, 1930 issue

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The article focuses on the appointment of Arthur Woods to head the work of the federal government in behalf of the unemployed. Wood's record is a sufficient guaranty that the work will be prosecuted with vigor and intelligence. During the first months of his Administration, with industry booming and the stock market rioting, the U.S. President Herbert Clark Hoover made no attempt to curb the speculative mania that led to the October crash. When that financial crash came, he refused to recognize its inevitable industrial consequences, and declined to summon men like Woods to lay plans for meeting the unemployment then clearly in prospect.

See Also:

WOODS, Arthur; GOVERNMENT policy; UNEMPLOYMENT; HOOVER, Herbert, 1874-1964; MANPOWER policy; CORPORATIONS -- Finance; UNITED States
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