Herbert Hoover is credited with saying, 'Prosperity is just around the corner'. He made this statement as the country sank into the Great Depression of the 1930s. It was reported nationally within the media that Hoover made the comment about prosperity in his "The New Day: Campaign Speech" (1928) in New York, NY.

In Hoover's memoirs, they claim that he never actually said "prosperity is just around the corner". The phrase is so often attributed to Hoover that it is commonly believed that while President he may never have said those exact words he implied their meaning and may have said "good times are around the corner" on the radio in early 1929. The American Heritage Dictionary of American Quotations, states that there is no record of Hoover using the exact phrase "prosperity is just around the corner" and that this phrase most likely came from: “The popular distillation of various statements of assurance made by Hoover following the 1929 stock market crash. Eventually the phrase became an ironic joke. It was used to mock Hoover as a political attack phrase.”

In his New York speech, Hoover was concerned with hope and a new day for America. He pointed out: "My conception of America is a land where men and women may walk in ordered freedom in the independent conduct of their occupations; where they may enjoy the advantages of wealth, ... secure in their liberties, free from poverty and fear, shall have the leisure and impulse to seek a fuller life."

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