I have... instituted systematic, voluntary measures of cooperation with the business institutions and with State and municipal authorities to make certain that fundamental businesses of the country shall continue as usual, that wages and therefore consuming power shall not be reduced, and that a special effort shall be made to expand construction work in order to assist in equalizing other deficits in employment... I am convinced that through these measures we have reestablished confidence. Wages should remain stable. A very large degree of industrial unemployment and suffering which would otherwise have occurred has been prevented. Agricultural prices have reflected the returning confidence. The measures taken must be vigorously pursued until normal conditions are restored. Herbert Hoover

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Quotes Tags: I · have · · · · instituted · systematic · · voluntary · measures · of · cooperation · with · the · business · institutions · and · with · State · and · municipal · authorities · to · make · certain · that · fundamental · businesses · of · the · country · shall · continue · as · usual · · that · wages · and · therefore · consuming · power · shall · not · be · reduced · · and · that · a · special · effort · shall · be · made · to · expand · construction · work · in · order · to · assist · in · equalizing · other · deficits · in · employment · · · · I · am · convinced · that · through · these · measures · we · have · reestablished · confidence · · Wages · should · remain · stable · · A · very · large · degree · of · industrial · unemployment · and · suffering · which · would · otherwise · have · occurred · has · been · prevented · · Agricultural · prices · have · reflected · the · returning · confidence · · The · measures · taken · must · be · vigorously · pursued · until · normal · conditions · are · restored · · Herbert · Hoover · ·

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