The "Noble Experiment"

The "Noble Experiment"

The "Noble Experiment"

The "Noble Experiment"

Excerpt

Herbert Hoover announced the cardinal principle of his Administration in his campaign address at St. Louis, November 2, 1928. He defined it, in spirit, as that of cooperation, not compulsion.

Discussing what he declared to be the "principles which must underlie the relation of government to the constructive tasks which confront us," Mr. Hoover stressed the element of cooperation as peculiar to the American political, social, and economic system. It is that of "joint effort" between capital and labor, he said; our political system "is unique because of its decentralization of self-government"; because of its ideal of equality before the law "we have no frozen classes or stratification of caste," hence individual "initiative and talents" are the dominant social criterion. The cooperative spirit, he insisted, "can assist in the cure of abuses by the voluntary establishment of a higher code of ethics and a stricter standard in the conduct of business. . . ."

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