'Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate,' said Andrew W. Mellon, President Herbert Hoover's Secretary of the Treasury. The Republicans did not win a presidential election for 20 years after that comment.

'Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate,' said Andrew W. Mellon, President Herbert Hoover's Secretary of the Treasury. The Republicans did not win a presidential election for 20 years after that comment.

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