Quotes About Great Depression

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Quotes About Great Depression

When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change.
— Charlie Munger —

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.

— J.A. Konrath

The minimum wage was enacted in 1937 during the Great Depression and it has been increased 16 times. It's a well-established economic policy to help families.

— John Freeman

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

I am obsessed with the Great Depression and with former showgirls - and the Victorians - the idea of wistful, dark romance.

— Karen Elson

Although I was not aware of it at the time, the experience of growing up during the Great Depression was to have a profound impact on my intellectual and professional career.

— Lawrence R. Klein

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

— S. Truett Cathy

In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.

— Janet Yellen

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

I grew up in an era of pretty severe poverty. My parents weathered the Great Depression, and money was always a very big concern. I was weaned on a shortage mentality and placed in foster homes largely because there simply wasn't enough money to take care of the most basic of needs.

— Wayne Dyer

We had the great depression, we had two world wars, we had the flu epidemic. We had oil shock. We had all these terrible things happen. But something about the American system unleashed more and of a potential to human beings over that hundred years so that we had a seven for one improvement in - there's never been any - I mean, you have centuries where if you've got a 1 percent improvement, then it's something. So we've got a great system. And we've got more productive capacity now than we ever have.

— Howard Warren Buffett

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

— Milton Friedman

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

History of America, Part I (1776-1966): Declaration of Independence, Constitutional Convention, Louisiana Purchase, Civil War, Reconstruction, World War I, Great Depression, New Deal, World War II, TV, Cold war, civil-rights movement, Vietnam. History of America, Part II (1967-present): the Super Bowl era. The Super Bowl has become Main Street's Mardi Gras.

— Norman Chad

The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.

— Milton Friedman

After the war, Prohibition was passed, and with liquor no longer legally available the nation plunged headlong into the Great Depression.

— Dave Barry

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