"The outlook of the world today is for the greatest era of
commercial expansion in history. The rest of the world will become
better customers."
—Herbert Hoover, Speech at San Francisco, July 27, 1928

"Any lack of confidence in the economic future or the basic strength
of business in the United States is foolish."
—Herbert Hoover, November, 1929

"Definite signs that business and industry have turned the corner
from the temporary period of emergency that followed deflation of
the speculative market were seen today by President Hoover. The
President said the reports to the Cabinet showed that the tide of
employment had changed in the right direction."
—News dispatch from Washington, January 21, 1930

"President Hoover predicted today that the worst effect of the crash
upon unemployment will have been passed during the next sixty days."
—Washington dispatch, March 8, 1930

"While the crash only took place six months ago, I am convinced we
have now passed the worst and with continued unity of effort we
shall rapidly recover. There is one certainty of the future of a
people of the resources, intelligence and character of the people of
the United States—that is, prosperity."
—Herbert Hoover, Address at annual dinner of the Chamber of Commerce
of the United States, May 1, 1930

"During the past year you have carried the credit system of the
nation safely through a most difficult crisis. In this success you
have demonstrated not alone the soundness of the credit system, but
also the capacity of the bankers in emergency."
—Herbert Hoover, Address before the annual convention of The
American Bankers Association, Cleveland, October 2, 1930

"Economic depression cannot be cured by legislative action or
executive pronouncement."
—Herbert Hoover, Message to Congress, December 1930

"I am able to propose an American plan to you. . . . We plan more
leisure for men and women and better opportunities for its
enjoyment. We plan not only to provide for all the new generation,
but we shall, by scientific research and invention, lift the
standard of living and security of diffusion of wealth, a decrease
in poverty and a great reduction in crime. And this Plan Will be
Carried Out if We Just Keep on Giving the American People a Chance."
—Herbert Hoover, Address to Indiana Republican Editorial
Association, Indianapolis, June 15, 1931

"On September 8, I requested the governors of the Federal Reserve
banks to endeavor to secure the co-operation of the bankers of their
territory to make some advances on the security of the assets of
closed banks or to take over some of these assets, in order that the
receivers of those banks may pay some dividends to their depositors
in advance of what would otherwise be the case pending liquidation.
Such a measure will contribute to free many business activities and
to relieve many families from hardship over the forthcoming winter,
and in a measure reverse the process of deflation involved in the
tying up of deposits."
—Herbert Hoover, October 1931

"The depression has been deepened by events from abroad which are
beyond the control either of our citizens or our government."
—Herbert Hoover, Radio address at Fortress Monroe, Virginia, October
18, 1931

"My fellow citizens, the most important issue before the American
people right now is to overcome this crisis. What our people need is
the restoration of their normal jobs, the recovery of agricultural
prices and of business. They need help in the meantime to tide them
over until these things can be accomplished and that they may not go
hungry nor lose their farms and their homes.

"Now I wish to present to you the evidence that the measures and the
policies of the Republican administration are winning this major
battle for recovery, and we are taking care of distress in the
meantime. It can be demonstrated that the tide has turned and that
the gigantic forces of depression are today in retreat. Our measures
and policies have demonstrated their effectiveness. They have
preserved the American people from certain chaos. They have
preserved a final fortress of stability in the world.

"Recovery would have been faster but for four months of paralysis
during the spring months while we were defeating proposals of the
Democratic House of Representatives.

"Much has been accomplished despite the opposition of selfish groups
and sections of our country and the unwillingness of a Democratic
House of Representatives to cooperate, and much more must be done.
The Democratic candidate says we have been extravagant, and in his
various statements implies that we should make a defense of our
actions. There will be no defense because none is needed."
-Herbert Hoover, Oct 22, 1932

Source: http://historymatters.gmu.edu/d/5063