1929-30 Quotes

Many of the low prices as a result of this hysterical selling
are not likely to be reached again in many years

R. W. McNeel
Analyst
New York Herald Tribune, October 30, 1929

American business has been diverting a substantial part of its attention,
its energies and its resources on the speculative game.

...Now that irrelevant, alien and hazardous adventure is over.

Business has come home again, back to its job, providentially unscathed,
sound in wind and limb, financially stronger than ever before.

BusinessWeek, November 2, 1929

...despite its severity, we believe…prices will prove an intermediate movement
and not the precursor of a business depression
such as would entail prolonged further liquidation...

Harvard Economic Society
November 2, 1929

[1930 will be] a splendid employment year.

U.S. Department of Labor
New Year’s Forecast, December 1929

I am convinced that through these measures,
we have reestablished confidence.

Herbert Hoover
U.S. President, December 1929

I am convinced we have now passed through the worst
and with continued unity of effort we shall rapidly recover.

Herbert Hoover
U.S. President, May 1930

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