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.

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