Industry's dream during the 1920s was to prevent periodic econmic collapses by?

Answer 1

Have you looked at Martin Feldstein's The Risk of Economic Crisis (University of Chicago Press, 1991)? How about Hugh Stanton Norton's The Quest for Economic Stability: Roosevelt to Bush (University of South Carolina Press, 1991), (read the history pages before Roosevelt, Hoover's efforts around page 41)? Check out around page 421 of Henry F. Graff's The Presidents: A Reference History (Simon & Schuster, 2002), where Hoover struggled with the Federal Reserve to avert the disaster that Graff said there probably nothing that Hoover could have done to avert the crisis. Andrew Mellon meanwhile was thinking things were "undervalued"--was he ever wrong!