US Presidency
1932

The sums applied to financial relief multiply themselves many fold, being in considerable measure the initial capital supplied to the Reconstruction Finance Corporation, Farm Loan Banks, etc., which will be recovered to the Treasury. Agricultural Public works 1 relief and financial loans Fiscal year ending June 30 1930 $ 410,420,000 $ 156,100,000 1931 574,870,000 196,700,000 1932 655,880,000 772,700,000 1933 717,260,000 52,000,000 Total 2,358,430,000 1,177,500,000 1 Public Building, Highways, Rivers and Harbors and their maintenance, naval and other vessels construction, hospitals, etc. Continued constructive policies promoting the economic recovery of the country must be the paramount duty of the Government. The result of the agencies we have created and the policies we have pursued has been to buttress our whole domestic financial structure and greatly to restore credit facilities. But progress in recovery requires another element as well that is fully restored confidence in the future. Institutions and men may have resources and credit but unless they have confidence progress is halting and insecure.