Republican (fascist/socialist) presidential nominee Herbert C. Hoover, Secretary of Commerce, delivers his “Rugged Individualism” campaign address, in New York City:

       The greatness of America has grown out of a political and social system and a method of [a lack of governmental] control of economic forces distinctly its own ­ our American system ­ which has carried this great experiment in human welfare farther than ever before in history…. And I again repeat that the departure from our American system… will jeopardize the very liberty and freedom of our people, and will destroy equality of opportunity not only to ourselves, but to our children.

       Postscript: As president, Hoover presided over the largest expansion of economic intervention up to that time.

       [added 6/28/2022]

Subsequent Events:

12/3/1929                   6/27/1932

References:

“Today in History,” Orange County (California) Register, 22 October 2005, News:27.

Digital History.htm
www.digitalhistory.uh.edu/disp_textbook.cfm?smtID=3&psid=1334

Current U.s. National Debt:

$36,167,124,467,492

Source