Great Depression Quotes

As far as I can find, almost no one in the profession - not even luminaries like John Maynard Keynes, Friedrich Hayek, or Irving Fisher - made public statements anticipating the Great Depression.

Robert J. Shiller

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The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.

James Tobin

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Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

Ben Bernanke

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But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

Steny Hoyer

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America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

Elizabeth Warren

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The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.

Ben Bernanke

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The greatest generation was formed first by the Great Depression. They shared everything - meals, jobs, clothing.

Tom Brokaw

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But if, if you take a look at what would have happened, I mean, do we need to see soup lines down the street to figure out what would have happened? We avoided - and all economists will tell you that millions of jobs were saved because of the Recovery Act, and we avoided a second Great Depression. That, that is a reality.

Alexi Giannoulias

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I think what happened during the Great Depression was that African Americans understood that Republicans championed citizenship and voting rights but they became impatient for economic emancipation.

Rand Paul

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You could argue that Barack Obama faced in '08 a situation as bad as any president since the Great Depression. What Obama inherited from the Bush administration, we all remember, was just an absolute global catastrophe.

Tony Kushner

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'Rainwater' was particularly special because it was a complete departure from the suspense novels. It's set in the Great Depression and based on an incident that occurred when my dad was a boy.

Sandra Brown

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In the Great Depression, you bought something if you had the cash to buy it.

S. Truett Cathy

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There was so much going on in 1936 with the height of the Great Depression and the Spanish Civil War and Germany on the move and all of those things. There was a tension in the air.

Matt Bomer

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An entire nation, it seemed, was standing in one long breadline, desperate for even the barest essentials. It was a crisis of monumental proportions. It was known as the Great Depression.

Kathi Appelt

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

Barry Eichengreen

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We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years.

John Bright

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As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key component to economic recovery; hindering trade is a recipe for disaster.

Asa Hutchinson

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Consider trade protectionism. It's been tried - and found wanting - since the Great Depression.

Elaine Chao

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This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks to a series of careful studies of the problem conducted in the depths of the 1930s Great Depression.

Barry Eichengreen

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In my view, Obamacare is the most existential threat to our economy than anything we've ever had since the Great Depression, so I think a little bit of additional deficit is nothing compared to delaying if not repealing Obamacare.

John Fleming

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We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great Depression.

Arthur Laffer

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In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.

Edward C. Prescott

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Investing in auto companies and ensuring a financial collapse didn't lead not from a recession to a great depression may not have been the most popular thing to do, but it was the right thing to do.

Robert Gibbs

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In his first term, President Barack Obama played a cautious manager navigating the worst economic disaster since the Great Depression and cleaning up the messes left by President George W. Bush in Iraq and Afghanistan.

Kevin O'Leary

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