Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. ~ Herbert Hoover Herbert Hoover's response to the Great Depression- a fiscally conservative approach that relied more on a call to confidence and …
Tag: Great Depression
Is Charity a Moral Failure?
I read a fascinating article in the New York Times yesterday titled "Kindness of a Stranger that Still Resonates." The article described the kind and selfless acts of a successful businessman in the depths of the Great Depression during an era where charity was seen as a moral failure. The secret philanthropist, Samuel J. Stone, …
Gregory Hake 