Great Depression Quotes
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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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I was born January 6, 1937, eight years after Wall Street crashed and two years before John Steinbeck published The Grapes of Wrath, his Pulitzer Prize-winning novel about the plight of a family during the Great Depression.
Lou Holtz
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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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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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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
Ben Bernanke
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Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.
Paul Krugman
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Dodd-Frank is the most restrictive financial regulation since the Great Depression—but it won’t stop another bubble.
Ziad K. Abdelnour
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Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.
Bob Frank
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A lot of the people in history who I really admire lived before the hyperinformation age we're living in. Even if they were governing or solving problems in consequential periods, like the Civil War or the world wars or the Great Depression or the Cold War, they had a period of time and space to actually think, to be private and you read their biographies, and they had time to think about what was happening and how to respond. I don't think human nature has changed in the last 50-150 years, but the stresses, the demands on those of us in public life have just exploded.
Hillary Clinton
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In the Great Depression in which I grew up and remember vividly, unemployment was over 25 percent, and over 35 percent where I lived. A grown man would work all day, 16 hours, for a dollar. I remember hundreds of people walking by, people who had come down from the North just to get warm. They would come to our house as beggars even though they might have a college education. People didn't have money. They bartered; they'd trade eggs or pigs. It was just completely different.
Jimmy Carter
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The Great Depression, they come out with the New Deal, black people didn't have access to those government stimulus packages. The New Deal set up what is known as the modern-day middle class. We didn't have access to programs - the G.I. Bill, Social Security, home loans - none of that.
Eric Reid
