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Palo Alto: A Conversation with Malcolm Harris

Peoples & Things

CHAPTER

Herbert Hoover and the Air Industry

Hoover is the one who triggered the air boom right there was no reason for the United States to be a leader in airplanes necessarily at that time. And it was Hoover and his cabal of associates right and like and finance capital on the East Coast that piled into airline stocks, and says we're going to make this happen. The Guggenheim has played the central side of the airplane. They not only got Lindbergh to do it, do it but pay them in stock. It wasn't just a story that they told themselves about why they were getting rich or whatever. But so when this when Wall Street collapses when this all doesn't work right when that when the Great Depression

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