Franklin Roosevelt speaks on problems of overproduction, underproduction and speculation during his Annual Message to Congress.
Washington DC USA Date:1937, January 6 Duration:52 sec Sound:Yes
U.S. President Franklin Roosevelt delivers his Annual Message to Congress in Washington DC, USA. In his speech he makes the following remarks, 'Loss to society comes from reckless overproduction and monopolistic underproduction of natural and manufactured commodities. Overproduction, underproduction and speculation are three evil problems that result in unsound inflation and disastrous deflation. Government should help private enterprise to gain sound general price levels and to prevent perilous fluctuations in the prices'.
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