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Herbert Hoover

Rugged Individualism Speech, Herbert Hoover, 1928

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Herbert Hoover

Rugged Individualism Speech, Herbert Hoover, 1928 As a nation we came out of the war with great losses. We made no profits from it. The apparent increases in wages were fictitious. We were poorer as a nation when we emerged from it. Yet during these last eight years we have recovered from these losses and increased our national income by over one-third even if we discount the inflation of the dollar. While some individuals have grown rich, yet that there has been a wide diffusion of our gain in wealth and income is marked by a hundred proofs. I know of no better test of the improved conditions of the average family than the combined increase of life and industrial insurance, building and loan assets, and savings deposits. These are
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