Friday, October 19, 2012

Leuchtenburg: FDR and the New Deal

According to one account, Herbert Hoover, when queried a short time after he left office if there was anything he should have done while President that he had not done, replied: "Repudiate all debts."
From Franklin D. Roosevelt and the New Deal, 1932-1940 by William E. Leuchtenburg
Harper Torchbooks, The University Library, Harper & Row, Publishers, New York, 1963
Chapter 3: The Hundred Days' War, page 53


Dan Lynch said...

Good to know.

Tom Hickey said...

Nice find.

Jazzbumpa said...

Hoover was actually a great humanitarian.

But he did not believe in any of the new deal policies, and thought austerity was the way to go.

Even with debt repudiation, I doubt that there wold have been as good an outcome.