On this day in history, Oct. 22, 1928, Republican presidential nominee Herbert Hoover spoke of the "American system of rugged individualism" in a speech at New York's Madison Square Garden, according to multiple sources — coining the term "rugged individualism," which amplified his philosophy of personal freedom and volunteerism, not government intervention. Hoover advocated that the philosophy of rugged individualism would bring prosperity to Americans, according to several sources. I know we can," he added, according to the speech transcript provided by The Miller Center at the University of Virginia. After the stock market crash, in November 1929, he summoned business leaders to the White House and secured promises from them to maintain wages, the Herbert Hoover Presidential Library and Museum indicated. He also wrote more than 40 books during those years, said The Herbert Hoover Presidential Library and Museum.

Source: Fox News October 22, 2023 19:20 UTC