Word: hooverizings
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...sports, all right," said one bitter member of a group called the Technocrats. "Bringing Germans and Japs to town! Down with their damned circus!" The heads of state or royalty of the host countries had opened the ceremonies at the nine previous modern Olympics, but President Herbert Hoover, confronted with the worst domestic crisis since the Civil War, decided to stay in Washington. "It's a crazy thing," he reportedly told his intimates. "And it takes some gall to expect me to be part of it." He sent instead his Vice President, Charles Curtis...
Crimson: Do you advocate a kind of corporate monetarism, such as President Hoover advocated...
Summers: Hoover's experiment ran right into the depression, so its not clear...
This year President Hoover did not wait until late autumn before preparing for a hard winter. In June he inaugurated his moratorium plan as a world business stimulant. This he followed up by requesting all Community Chests, through their national organization, to survey joblessness, determine well in advance the "load of distress" they would have to meet. As before, he summoned Big Business to the White House for advice and comfort. Said he reassuringly, "The problem of Unemployment and Relief, whatever it may be, will be met." Before him loomed the A. F. of L.'s prediction...
...before it was over. NBC called the winner at 8:15 p.m. E.S.T., and the loser conceded while Americans were still standing in line at polling booths in much of the country. In a savage repudiation of a sitting President not seen since F.D.R. swept away Herbert Hoover in the midst of the Depression, Americans chose Ronald Wilson Reagan, at 69 the oldest man ever to be elected President, to replace Jimmy Carter...