Republican (fascist/socialist) President Hoover, speaking to the United States Chamber of Commerce Meeting, comments on the Panic of 1929: “While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover.”

       [added 7/1/2022] Thanks to Freedom’s Phoenix for this entry.

Subsequent Events:

6/6/1930                   1/25/2011

References:

Current U.s. National Debt:

$36,167,124,467,492

Source