Abstract

President Hoover's Record: I. The Tragedy of Herbert Hoover
Villard, Oswald Garrison | June 24, 1931 issue

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U.S. president Herbert Hoover's position is nothing less than tragic. He is a tragic figure, one to be pitied; and his own unhappiness appears mirrored in every counterfeit presentment which reaches an entirely unresponsive public. Let it be said at the outset that Mr. Hoover is in considerable part the victim of circumstances. It is wrong and unjust to hold him entirely responsible for the unemployment and economic confusion. If the major responsibility or the panic is not his, there are minor responsibilities for which he can be and is justly held responsible. His Treasury Department and the Federal Reserve could have put some brakes on the stock exchange speculation long before the crash.

See Also:

HOOVER, Herbert, 1874-1964; PRESIDENTS -- United States; UNEMPLOYMENT; UNITED States -- Economic conditions; STOCK exchanges -- United States; UNITED States
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