1930 State of the Union Address

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The 1930 State of the Union Address was given by the 31st United States President, Herbert Hoover, on Tuesday, December 2, 1930. Soon the Great Depression had begun, and many people became poor. It was his second State of the Union Address to the 71st United States Congress. A key point was,

  • During the past 12 months we have suffered with other Nations from economic depression.
  • The origins of this depression lie to some extent within our own borders through a speculative period which diverted capital and energy into speculation rather than constructive enterprise. Had overspeculation in securities been the only force operating, we should have seen recovery many months ago, as these particular dislocations have generally readjusted themselves.[1]

References[edit]

Preceded by
1929 State of the Union Address
State of the Union addresses
1930
Succeeded by
1931 State of the Union Address