Word: hoover
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...year ago, spurred by a speech by ex-President Herbert Hoover, the U.S. plunged into the Great Debate. The issue: the promise of U.S. troops to Europe. Last week Herbert Hoover, in a nationwide telecast, called for a revival of the debate. Once more, he took the side that had lost...
...Said Hoover: Even with the U.S. commitment, Western Europe's rearmament in the past year had been sluggish and unwilling. "There is in Europe today no such public alarm as has been fanned up in the United States. None of those nations has declared emergencies . . . They do not propagandize war fears . . . Not one . . . conducts such exercises in protection from bombs as we have...
...Hoover listed eight reasons for West European belief that the Russians will not invade (among them: the venture would be too risky; Stalin has enough trouble with dissident nationalities already under his wing; it's more profitable in Asia). Correct or not, he said, "Western Europe's lack of hysterics . . . calculation of low risk . . . lack of hurry to arm . . . requires that the United States recalculate our own risks and reconsider the possible alternatives . . ." Added facts for revaluation are the upheavals in the Middle East, the failure to forge victory in Korea, the "dangerous overstraining" of the U.S. economy...
...Hoover recommended "the essentials of the proposals" he had urged a year ago, including i) withdrawal of U.S. ground forces to defend the Western Hemisphere, "this final Gibraltar of freedom"; 2) expansion of a powerful air & naval striking force that would act as a deterrent to World War III; 3) supply of munitions, rather than men, to the U.S.'s allies; 4) revision of the U.N. Charter, which "must not be allowed to dominate the internal sovereignty of our Government...
...damaging Central States, included such Wall Street notables as Lawyer John Foster Dulles, Sidney Weinberg, partner of Goldman, Sachs (TIME, June 11); Clarence Dillon, head of Dillon, Read & Co.; Waddill Catchings, former senior partner of Goldman, Sachs and co-author of The Road to Plenty, which helped inspire Herbert Hoover's 1929 theory of permanent prosperity...