1929 Crash Quotes

#1. Income inequality increased quite sharply in the United States during the 1920s, however, peaking on the eve of the 1929 crash with more than 50 percent of national income going to the top decile -

Thomas Piketty

#2. After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.

Ben Bernanke

#3. Banks gamed the system, fucked society, caused the crash of 1929, drove the world into the abyss and paved the way for the rise of fascism - Stalin, Hitler - and they got despicably, disgustingly rich in the process. Banks. Banks did all that.

J.R. Moehringer

#4. Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.

James Buchan

#5. Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known.

George Will

#6. I told them that my grandfather had died in the Great Crash of 1929 - a stockbroker jumped out of a window and crushed him and his pushcart down below.

Mario Cuomo

#7. After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Ron Chernow

#8. The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

Christina Romer

#9. Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

Pola Negri