"Papers presented at the Herbert Hoover centennial seminars, Herbert Hoover Presidential Library Association, West Branch, Iowa, April 1974." Includes bibliographical references and index.

From 1921 to 1928, future president Hoover built the Commerce Department into one of the most influential forces in federal government. During this time, the United States became a major creditor to other nations, which in turn had a significant impact on power relations between nations. The Commerce Department also became a champion of American economic rights and independence from foreign commodities, and in the process became the guiding force in national economic policy.

In this book, Hoover expounds and vigorously defends what has come to be called American exceptionalism: the set of beliefs and values that still makes America unique. He argues that America can make steady, sure progress if we preserve our individualism, preserve and stimulate the initiative of our people, insist on and maintain the safeguards to equality of opportunity, and honor service as a part of our national character.