Herbert Hoover Quotes
While the crash only took place six months ago, I am convinced we have passed the worst and with continued unity of effort we shall rapidly recover.
Hoover, Herbert. "Address to the United States Chamber of Commerce." Public Papers of the Presidents of the United States: Herbert Hoover, 1930. United States Government Printing Office, 1976, p. 172.
This is one of the worst economics assessments in the nation's history. Hoover had been a very successful business man prior to his government experience, but good business experience has not been a good predictor of Presidential success. See {633214} for more on this point.
East Pakistan—now Bengladesh—revolted and declared independence. The military cracked down committing atrocities against the rebels who asked India’s help. India intervened and Pakistan declared war on India and then suffered a humiliating defeat. Pakistan was isolated and distraught when Bhutto tried to rally the nation. What was fascinating, that there was very little damage to the non-military infrastructure of Pakistan. Their military bases and many of their major weapons systems and warplanes were destroyed, but in terms of the economy Pakistan was not in any crisis at all. However, Pakistan was and still is a militarily controlled nation where the president and prime minister, when civilians, have little significant power. The Pakistani people have been brainwashed by successive military leaders to believing that they were a superior military power and many of the religious leaders preached that their Islamic faith had to be protected from the Hindu Indians by strength of arms. The crisis was one of confidence and the only reason there was any economic consequence was that Pakistan would use immense sums of public revenue to not only rearm but also develop a nuclear capacity. This was the crisis—Pakistan would be poor for years because of military spending, See {623844} . The loss of East Pakistan (Bangladesh) actually made Pakistan much richer, The per capita earnings of East Pakistan was much lower, and East Pakistan was the most expensive part of the country to support (not counting military expenditures.) Ironically, with a military government paranoid about India with more control and more money, Muslims living in India had more freedom and were economically better off than the Muslims of Pakistan.
This was the worst storm that hit the East Coast that anyone could remember. The East Coast Governors together with the Federal and local governments performed magnificently keeping the fatalities very low considering the ferocity of the storm and the tens of millions of people affected, With all the destruction, there were no storm caused fatalities in Atlantic City.
Herbert Clark Hoover was an American politician, businessman, and engineer, who served as the 31st president of the United States from 1929 to 1933. A member of the Republican Party, he held office during the onset of the Great Depression. Before serving as president, Hoover led the Commission for Relief in Belgium, served as the director of the U.S. Food Administration, and served as the third U.S. Secretary of Commerce.
