"Conditions Good, Says President."
This article reports that the nation's financial condition is sound despite the stock market crash on October 24 ("Black Thursday"): "The fundamental business of the country is on a sound and profitable basis, President Hoover asserted Friday, in a statement that bore out earlier...
| Format: | Electronic |
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Alabama Department of Archives and History
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| Online Access: | http://cdm17217.contentdm.oclc.org/cdm/ref/collection/voices/id/2798 |
| Summary: | This article reports that the nation's financial condition is sound despite the stock market crash on October 24 ("Black Thursday"): "The fundamental business of the country is on a sound and profitable basis, President Hoover asserted Friday, in a statement that bore out earlier declarations of treasury officials and industrial leaders that business declines were in no measure responsible for Thursday's collapse of stock values. Simultaneously, the Federal Reserve Board issued a detailed analysis of business conditions, which pointed out that industrial production is far above the level of a year ago." |
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