Abstract

Prosperity by Proclamation
Bernheim, Alfred L. | December 25, 1929 issue

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On November 15, 1929, U.S. President Herbert Hoover issued his prosperity proclamation, in which he said that the next practical step is the organizing and coordinating of a forward movement of business through the revival of construction activities, the stimulation of exports and of other legitimate business expansion. The author says he is not against prosperity or anything that will induce its continuance or return. But he questions, whether Americans are going to get much farther through talk and state of mind. Prosperity propaganda was undoubtedly useful in stemming the surging tide of unreasoning fear that was engulfing the judgment not only of investors and speculators, but of merchants and manufacturers as well.

See Also:

ECONOMIC development; HOOVER, Herbert, 1874-1964; PROPAGANDA; CAPITALISTS & financiers; INTERNATIONAL trade; UNITED States
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