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
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3 comments:

  1. Dan LynchOctober 19, 2012 at 3:45 PM

    Good to know.

    ReplyDelete
  2. Tom HickeyOctober 19, 2012 at 10:41 PM

    Nice find.

    ReplyDelete
  3. JazzbumpaOctober 20, 2012 at 10:16 AM

    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.

    JzB

    ReplyDelete

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