Regional President Speech

BUSINESS LOOKS aHKaD (Businessmen Look Ahead) by Karl R. Bopp The Hill School Pottstovm, Pennsylvania February 18, 1945 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis / BUSINESS LOOKS AHEAD (Businessmen Look Ahei Introduction Shall ask more questions than I answer Actions speak louder than words You must give the answers A« Disadvantage of lack of experience B. Advantage of fewer prejudices less firmly held look ahead Your goals: To a party next week end Tp travel Jo rear a family - to send your boy to The Hill . 2 Achievement of your goals But all these depend upon incone. In other words, a job, a position, a "practice" You are not unique You may have an assured job awaiting you. But your desire would - if anything - be enhanced if you did not. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - II. The problem of providing jobs and income 1. We all want jobs - where are they coming froa? 2. Enployment and unemployment a. During the war Oct. 19 AO Oct. 19 LA Labor force... 54*5 64.8 Armed forces.. .7 11*9 Eknployed...... 47.3 52.3 Unemployed.... 6.5 .6 b. Post-war 51.8 million jobs (Tucker) 55 " " (CED) 60 " " (FDR) 3* The home front during the war We have worked a little harder but except for diirable goods we have guns and butter despite half our output for war. 4. If we are determined and intelligent, can't we do as well in peace - constructively? 5. Differences between war and peace War Peace Objective - Unified Individual Method - Gov't Individual Digitized for FRASER controlled freedom http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - 6. Can we learn from war? How much freedom does one have if he has no income? Ill* Business and the Government Individual goals vs. general welfare 1. Jobs - income - jobs 2. Saving - investment a* Demand for capital goods b. How should balance be restored? The role of Government flf. Who shall exert leadership in the solution of such problems? 1. The ward politician - interested in-local votes 2. You ZT Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Karl R. Bopp (1945, February 17). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19450218_karl_r_bopp

@misc{wtfs_regional_speeche_19450218_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1945},
  month = {Feb},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19450218_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}