WORLD DEPRESSION
TIME TO DROP PESSIMISM. A CRUCIAL FOUR MONTHS. LONDON, Nov. 18. “Never in experience has America been through what she will go through during the next four months,” declared Mr J. H. Thomas, dealing wi*h world depression at the American Chamber of Commerce luncheon.
“America is up against it as is Britain. The people are hungry and suffering because of over production synchronised with under consumption. Russia, India, and China —47 per cent, of the world’s populat.on —are separated from the rest of the world. They arc neither producers nor consumers. It is time to drop pessimism. We can only survive by facing the facts.”
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Wanganui Chronicle, Volume 73, Issue 428, 20 November 1930, Page 7
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107WORLD DEPRESSION Wanganui Chronicle, Volume 73, Issue 428, 20 November 1930, Page 7
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