The Depression Papers of Herbert Hoover

Banks and Finance

Hoover believed that generous credit was an essential step toward economic recovery. He actively campaigned against any trend that threatened to reduce the amount of credit available.

• Press conference statement, July 29, 1930
  Hoover announces an investigation into bankruptcy law for the purpose of proposing reforms.
• Address, October 2, 1930
  Hoover addresses the American Bankers' Association on the responsibilities of bankers in bringing about economic recovery.
• Press statement, June 20, 1931
  Hoover proposes a moratorium on all intergovernmental debt payments.
• Press statement, July 6, 1931
  Hoover announces the acceptance of the moratorium proposal by several foreign governments.
• Press statement, October 6, 1931
  Hoover proposes several steps to relieve the credit shortage.
• Address at the Pan American Conference, October 8, 1931
  Hoover urges responsible borrowing and lending by governments.
• Statement, October 23, 1931
  Hoover comments on the purpose of talks with the prime minister of France.
• Press conference statement, October 24, 1931
  Hoover thanks the prime minister of France for coming to Washington.
• Joint statement, October 25, 1931
  A statement on the outcome of talks between the governments of the U. S. and France regarding intergovernmental debts.
• Press statement, December 23, 1931
  Hoover formally approves the intergovernmental debt postponement.
• Press statement, February 3, 1932
  Hoover discusses the problem of hoarding and announces an upcoming conference on the matter.
• Press statement, February 6, 1932
  Hoover announces a national campaign against hoarding of money.
• Press statement, February 16, 1932
  Hoover reports a decrease in hoarding.
• Press conference statement, February 19, 1932
  Hoover explains the purpose of recent discussions with New York Stock Exchange officials.
• Press statement, February 26, 1932
  Hoover reports the results of the bankruptcy law investigation.
• Radio address, March 6, 1932
  Hoover urges the public to reduce hoarding of money.
• Press statement, August 14, 1932
  Hoover announces a national conference of Federal Reserve officials on economic recovery, and the appointment of committees on various recovery issues.
• Address, August 26, 1932
  Hoover addresses the conference of Federal Reserve officials on the world economic situation and subjects of concern
• Message to Congress, January 11, 1933
  Hoover urges Congress to enact bankruptcy reform.
• Address to the Republican Club, February 13, 1933
  Hoover argues for the preservation of the gold standard.
• Personal letter, February 21, 1933
  Hoover privately accuses Roosevelt of causing a bank panic.

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