“A recovery after a depression is as inevitable as that day follows night. It can not be permanently suppressed. Its vitality is so powerful that it will break down the barriers set up by the most arbitrary dictator. Hence there is developing a new confidence and a new faith in those principles which have formed the the foundation of economic evolution and industrial progress during the last several decades — principles which we have been proud to call "American principles," and for which we have been reared with a wholesome respect. There are still lacking the assurances of a broad and definitely defined opportunity and the elimination of certain unsound economic policies, thus limiting the application of these vital principles we have always known and retarding their ability to accelerate our economic recovery.”

— Alfred P. Sloan

Source: "The Broadened Responsibilities of Industry's Executive," 1936, p. 351; Lead paragraph.

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Alfred P. Sloan 47

American businessman 1875–1966

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Alfred P. Sloan 47

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