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Confidence Quote by Herbert Hoover

“I am convinced that ... we have reestablished confidence. Wages should remain stable. A very large degree of industrial unemployment and suffering which would otherwise have occurred has been prevented.” quote by Herbert Hoover
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“I am convinced that ... we have reestablished confidence. Wages should remain stable. A very large degree of industrial unemployment and suffering which would otherwise have occurred has been prevented.”

Herbert Hoover

About This Quote

Source Speech: Economic Report, Herbert Hoover, 1931

Stabilizing wages prevented massive unemployment and suffering during industrial downturns.

In simple terms: Stable wages reduced job loss.

Key Takeaway

Support wage stability in crises.

Themes

economics employment policy history social welfare

Mood

reflective analytical

Type

historical policy economic

When to use this quote

  • recession response
  • policy planning
  • union negotiations
  • social safety nets
  • economic forecasting

Key Concepts

macroeconomics labor market government intervention

Questions to Reflect On

  • What are the long‑term effects of wage stabilization?
  • How can policy balance wages and productivity?
A Different Perspective

May not address underlying structural issues.

2.6 out of 5 (5 ratings)

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