On May Day 1930, he declared to the nation, “We have now passed the worst a...
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
On May Day 1930, he declared to the nation, “We have now passed the worst and with continued unity of effort we shall rapidly recover.”3 His statement wound up foreshadowing a nearly two-year market dive to a low of 41 on July 8, 1932, and a Great Depression that brought the American economy to its knees.
chapter: Chapter 6: The Early 1930s: Tenuous Times, Tax-Evading Titans