Great Depression Quotes

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  • I once read that more millionaires per capita were created during the Great Depression than at any other time in history.

    Harry S. Dent (2000). “The Roaring 2000s Investor: Strategies for the Life You Want”, p.169, Simon and Schuster
  • Because its hard to realize now that that was the end of the great depression, you know. All of a sudden all of this is in front of me and I'm solvent, you know. I'm making some money and I know where my next meal is coming from, and I have a new pair of shoes and that's it.

    Shoes   Meals   Next  
  • I don't worry about new home sales

  • Americans who have parents raised during the Great Depression or World War II understand how drastically things have changed on the home front. My father did not care a whit whether I liked him, and it would have been unthinkable for him to pick up my stuff. There were rules in the house, and they were enforced.

    Father   War   Home  
  • FISHER SEES STOCKS PERMANENTLY HIGH

  • I see one-third of a nation ill-housed, ill-clad, ill-nourished.

    Second Inaugural Address, 20 Jan. 1937
  • First and foremost, it's important to remember that, from my perspective at least, my most important legacy was making sure that the world didn't go into a Great Depression.

    Source: www.spiegel.de
  • From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.

    Country   Money   Past  
    "End the Fed". Speech to the US House of Representatives, www.lewrockwell.com. February 05, 2009.
  • The country is not in good condition.

    "False Hope: Famous Quotes During the Great Depression", www.foxnews.com. January 20, 1931.
  • We were growing up in West Virginia. Everybody was poor there in the southern part of the state. It was like growing up in the Great Depression from the stories I hear people tell. Everybody was poor and so we didnt know that we were any different from anybody else.

  • The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

    Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.38, University of Chicago Press
  • Beside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.

    Jobs   War   Home  
    Source: www.cbsnews.com
  • The end of the decline of the Stock Market will probably not be long, only a few more days at most.

  • I was born into a working class Irish Catholic family at the brutal bottom of the Great Depression. I suppose this early imprinting and conditioning made me a life-long radical. My education was mostly scientific, majoring in electrical engineering and applied math. Those imprints made me a life-long rationalist. I have become increasingly skeptical about, or detached from, the assumption that radicalism and rationalism are the only correct perspectives with which to view life, but they remain my favorite perspectives.

    Source: theanarchistlibrary.org
  • Home sales are coming down from the mountain peak, but they will level out at a high plateau - a plateau that is higher than previous peaks in the housing cycle.

  • The 24% unemployment reached at the depths of the Great Depression was no picnic.

  • It is reported that about 30% of the world's population is unemployed. That's worse than the Great Depression, but it's now an international phenomenon.

  • [Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.

    War   Two   Peaceful  
    Source: progressive.org
  • Well, I never lived through the Great Depression, sometimes I feel as though I did.

  • A guy I interviewed for Hard Times says, "What do I remember about the Great Depression? That I was hungry, that's all." Elemental things.

    "The MoJo Interview: Studs Terkel". Interview With Dale Eastman, www.motherjones.com. September/October 1995.
  • While the crash only took place six months ago, I am convinced we have passed the worst and with continued unity of effort we shall rapidly recover.

    Herbert Hoover (1930). “Address of President Hoover at the Annual Dinner of the Chamber of Commerce of the United States: Washington, D. C., Thursday, May 1, 1930, at 9:30”
  • The most striking development of the great depression of 1929 is a profound skepticism of the future of contemporary society among large sections of the American people.

    "In the International Tradition:Tasks Ahead for American Labor" by C. L. R. James, 1944.
  • During the Great Depression African Americans understood that Republicans championed citizenship and voting rights, but they became impatient for economic emancipation.

    "Rand Paul at Howard University". The Washington Post, www.washingtonpost.com. April 10, 2013.
  • At a time when going to college has never been more important, it's never been more expensive, and our nation's families haven't been in this kind of financial duress since the great depression. And so what we have is just sort of a miraculous opportunity simply by stopping the subsidy to banks when we already have the risk of loans. We can plow those savings into our students. And we can make college dramatically more affordable, tens of billions of dollars over the next decade.

  • The remedy [for the Great Depression] is to give the workers access to the means of production, and let them produce for themselves, not for others, . . . the American way.

    Mean   Giving   Way  
  • One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.

  • I don't feel that there is anything deep in the political culture that prevents "educating the masses." I'm old enough to recall vividly the high level of culture, general and political, among first-generation working people during the Great Depression. Workers' education was lively and effective, union-based - mostly the vigorous rising labor movement, reviving from the ashes of the 1920s. I've often seen independent and impressive initiatives in working-class and poor and deprived communities today.

    Source: www.truth-out.org
  • Back in August, I wrote a post about the supposed race to the bottom with ebooks, refuting some nonsense written by an establishment bonehead. This meme won't die. People are still convinced that new ebooks are going to be priced at ten cents, and writers will starve, and this will cause a second Great Depression where banks will close and people will be forced to buy Kindles with food stamps, and then the earth will enter another ice age where all the bunnies will freeze to death.

    Race   August   Ice  
  • The Great Depression of the 1930s saw more American unmarried women working from nine to five, mostly in repetitive, boring, subordinate, dead-end jobs. But the number of working women doubled between 1870 and 1940. During World War II it doubled once again.

    Jobs   War   Numbers  
  • September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

    "Report Details Wall Street Crisis". "The Wall Street Journal", January 28, 2011.
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