The Archive · 1940

Economic Stabilization. Needed

Mr. Hoover urged the United States to rehabilitate and strengthen American industry and launch an economic stabilization plan designed to lead to the discovery of new articles of trade and new industries. He said the United States should plan to-open up more jobs and raise the living standard of the American people. 76t "Certainly if the United States joins in the war," Mr. Hoover said, "we would inevitably become a Totalitarfan dictatorship ourselves, and any hope of maintaining a free economy in the world be gone for a generation "It would seem likely that the Totalitarian domination of Germany and Italy will cover most of the con: tinent of Europe from Russia to the Atlantic and also include the dépend-endes of these former European tes in Africa and the East Indies. In the Orient, the Japanese will strike a similar hegemony in China. Russia will for third Totalitarian group n between."—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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