History of the United States II / Unit 10 USH2 1362 short lesson, about 20 seconds
Asking Business to Hold the Line
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The idea
In late nineteen twenty-nine Hoover called industrialists to conferences and urged them to keep wages and production steady.
In practice
Utilities and railroads pledging billions of dollars in construction.
Where people slip
Hoover also cut taxes by one hundred sixty million dollars. The pledges depended on businesses keeping promises they could not afford.
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