Word: hoover
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...eight productive years as Secretary of Commerce under Presidents Harding and Coolidge (he promoted arbitration rather than litigation in trade disputes, achieved standardization of some 3,000 industrial products, championed modernization of railroads and such huge river-control projects as Hoover Dam), Hoover repeatedly warned against "the rising boom and orgy of speculation." He complained that loose monetary policies of the Federal Reserve Board would lead to an "inevitable collapse which will bring the greatest calamities upon our farmers, our workers and legitimate business." But amid Coolidge prosperity, Hoover was denounced as "a crapehanger...
...President, Hoover utilized federal power as an instrument to support the private economy far more than any President before him. At his urging, Congress created a Federal Farm Board, backed by $500 million in federal funds, which came to the aid of farm marketing cooperatives after the market crash. He sought $663 million to push public works-a figure that critics decried as excessive. He proposed the Reconstruction Finance Corporation and the National Credit Corporation. He secured an early agreement in which labor promised to forgo strikes and new wage demands, Big Business agreed to maintain wages and spread work...
...Hoover traveled the world as a doctor of sick mines. At 24, he was chief engineer of China's Bureau of Mines, and a living legend; he was known as "the foreign mandarin" with "green eyes" that could pierce the earth. He advised the Russian Czar on the development of his huge mine holdings, made a fortune of his own, mainly on fabulous lead, silver and zinc mines in the jungles of Burma...
...outbreak of World War I, Hoover declared, "Let fortune go to hell," abandoned business interests that were about to skyrocket in value, plunged into a selfless life of public service. Working in London, he helped some 120,000 Americans who were stranded in Europe without convertible currency, accepted their lOUs, and raised enough cash for the Americans to return home...
...Stunted Bodies." When Belgium was overrun by German troops, Hoover traveled to Berlin and to secret German field headquarters, let top officers believe that the U.S. might enter the war unless they permitted him to bring in food for starving Belgians. In London and Paris, he warned the French and English of likely U.S. indignation unless they eased their blockade to facilitate such shipments. After such tactics succeeded, Hoover supervised the shipment of a billion dollars worth of food and clothing to Belgium, directed a fleet of 60 cargo ships and 400 barges, crossed the mine-filled North...