During Great Depression, Bethlehem Steel Corporation's board chairman Charles M. Schwab speaks in NY City

The speaker addresses the current economic depression, drawing parallels to past downturns in 1894 and 1907, and expresses optimism about overcoming the challenges. He believes that history will repeat itself, leading to prosperity. The speaker remains hopeful about the steel industry's recovery and anticipates a gradual return to full employment for American workers.

What is the speaker's initial approach to the current economic situation?

• To ignore it and hope it resolves itself

• To acknowledge it and address it directly

• To blame external factors

• To wait for government intervention

What historical periods does the speaker refer to for reassurance?

• The Great Depression and World War II

• The challenges of 1894 and 1907

• The economic booms of the 1920s and 1950s

• The financial crises of 2008 and 2012

What lesson does the speaker draw from past economic challenges?

• That prosperity is always guaranteed

• That history is irrelevant to current issues

• That economic challenges are insurmountable

• That overcoming challenges leads to greater prosperity

What is the speaker's outlook on the steel industry's future?

• It will remain stagnant

• It will gradually improve and lead to prosperity

• It will continue to decline

• It will experience rapid growth

What does the speaker believe will happen to American employment?

• It will return to full strength

• It will become more automated

• It will remain unchanged

• It will decrease significantly