Word: hooverized
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Dates: during 1920-1929
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...President Hoover was not yet finished. For weeks another plan had been stirring in his head. Two days after the tax news, the President read this announcement to assembled newsmen...
President Hoover ordered government departments to resume all halted public works under their jurisdiction, hopeful that states, municipalities, railroads and industries would follow suit...
...Good, though 63 years old, emerged favorably from the anesthetic. He gave his wife lucid instructions about pressing War Department business. From his bedside went incessant reports to the White House. Two days after the operation he began to sink. At night President Hoover went to the hospital sickroom. "How are you, my dear friend?" he said. The Secretary mumbled feebly, inaudibly, tried to express appreciation, slumped back unconscious...
...last week's stockmarket plunked to the bottom President Hoover let his Secretary of the Treasury, Andrew William Mellon, make an announcement which the President had been saving up as the Big-News-Item for his own first message to Congress next month, an announcement of immediate tax reduction...
...Government's confidence in the stability and future prosperity of U. S. business and industry. But so inescapable was the circumstantial connection between the market and tax news that few would believe the Secretary's official protestations. On all sides the new program was joyfully accepted as President Hoover's reply to demands that he "do something" about Wall Street's debacle...