The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II. President Hoover Acts

Collection:: Economics Books

President Hoover Acts 23 “It has long been agreed by both business men and economists that this great field of expenditure could, by acceleration in time of need, be made into a great balance wheel of stability. It is agreed that its temporary speeding up to absorb otherwise idle labor brings great subsequent benefits and no lia- bilities. “A very considerable part of our wage earners are employed, directly and indirectly, in construction and the preparation and transportation of its ma- terial. In the inevitable periods when the demand for consumable goods increases and labor is fully employed, the construction and maintenance can slacken and we actually gain in stability. No one would advocate the production of consumable goods beyond the daily demands that in itself only stirs up future difficulty.” The President further reported: “Our railways and utilities and many of our larger manufacturers have shown a most distin- guished spirit in undertaking to maintain and even to expand their construction and betterment pro- gram. The state, county and municipal governments are responding in the most gratifying way to the request to cooperate with the Federal Government in every prudent expansion of public works. Much construction work had been postponed during the Past few months by reason of the shortage of mort- gage money due to the diversion of capital to specu- lative purposes, which should soon be released.” The purpose of the conference, the President stated, was to systematize this movement in all

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