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Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs. Hoover, Herbert Clark

Source: President HERBERT HOOVER, address at Des Moines, Iowa, October 4, 1932.The Public Papers of the Presidents of the United States: Herbert Hoover, 19321933, p. 467.President Hoover referred to three great perils that the nation faced. The first of these was the strangulation of credit through the removal of 3 billions of gold and currency by foreign drains and by the hoarding of our own citizens from the channels of our commerce and business. · This quote is filed under Uncategorised · Search on Google Books to find all references and sources for this quotation · Tell us if you know any facts or errors in this quote · Make a shirt with this quote on our USA or UK shop · Help your friends discover QB

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