No Depression, Truman Says
WASHINGTON, Thu.—The United States was not in a depression and there would not be one if the right course were followed, said President Truman last night. Stating that some people, for political purposes, would like to have a depression, he called on the nation to “prevent selfish interests from driving the United States into the ditch.” While insisting that the country was not in a depression, he said an increase in the number of unemployed was something to worry about. It was something that must be cured. "If we were in a depression,” he added, “I would be the first person to tell you, and I would call on all the sources of the nation to stop it.”
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Northern Advocate, 15 July 1949, Page 5
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122No Depression, Truman Says Northern Advocate, 15 July 1949, Page 5
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