Abstract

It Seems to Heywood Broun
Broun, Heywood | May 14, 1930 issue

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The article focuses on the U.S. stock market. Every time the U.S. President makes an optimistic speech the stock market breaks wildly. And that is no accident but a definite and tangible criticism of one of Herbert Hoover's cardinal faults. Wall Street has its own peculiar defects but in the main the stock manipulators are realistic men. To be sure, he did not start from scratch. Like all his Republican predecessors he was elected to a large extent upon the potency of a lie. The voter, who sometimes seems a little less than bright, has swallowed the familiar fallacy that there is some peculiar magic in protection which makes for prosperity.

See Also:

STOCKS; PRESIDENTS; HOOVER, Herbert, 1874-1964; SECURITIES; ELECTIONS; CRITICISM
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