Quotes About Economic Depression

#1. When a country is at war or in economic depression, underdevelopment or tightened security, it sets an affective tone or mood, which seeps through into everyday life via all kinds of channels.

Kode9

#2. Economic depression can not be cured by legislative action or executive pronouncement

Herbert Hoover

#3. The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it.

Peter Schiff

#4. Do young people have the moral stamina to carry through in case of economic depression? ... The real tests of the [younger] generations have not yet come, but they are on their way!

Billy Graham

#5. He had no idea that the world was entering an economic depression, or that hard times bring recriminations and blame. Privately, Harry's parents worried not just about the economy, but about the rising tide of nationalism and anti- Semitism.

Robert M. Edsel

#6. Toward the end of the Second World War, a
new consciousness arose amongst the public
and policy makers of the Western World. After
ten years of crippling economic depression
and another five at war, the public demanded
something new from their disintegrating
urban environments.

Lucas Mascotto-Carbone

#7. The years of the economic depression have been years of political reaction, and that is why the economic crisis has generated a world peace crisis.

Arthur Henderson

#8. I am convinced that through these measures we have reestablished confidence.

Herbert Hoover

#9. If people feel lost and alone and helpless and broken and hopeless today, what will it be like if the world really begins to come apart at the hinges?

Brandon Andress

#10. There seem to be many causes of depression. One cause is profound loss, grief. Economic hardship we know is linked to depression. We don't have a full picture.

Irving Kirsch

#11. The idea of storage as a solution of economic problems at least has the support of common sense.It is diametrically opposed to the topsy-turvy Alice-in-Wonderland reasoning that has marked so much of our depression thinking and policy.

Benjamin Graham

#12. Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential ingredient in anyone's economic and historical education.

Thomas Woods

#13. When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.

Paul Krugman

#14. I do not know what horrified me most [during the depression]: the economic misery of my companions [or] their moral and ethical coarseness.

Adolf Hitler

#15. What the market is doing is going through a correction, which it really needed. It's getting down to where it's reasonable.

Ted Martinez

#16. 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

#17. Debates go on to this day about what caused the Great Depression. Economics is not very good at explaining swings in economic activity.

Eugene Fama

#18. We face a far greater risk of psychological depression than of economic recession.

Todd G. Buchholz

#19. Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.

Herbert Hoover

#20. Came of age in the Great Depression, when economic despair hovered over

Tom Brokaw

#21. My parents, products of the Great Depression, were successful people, but lived in a state of constant fear that my sister and I, and they, would sink into the kind of economic insecurity that their generation knew so well.

Ben Stein

#22. I wrote that President Bush is passing on to President-elect Obama two wars and an economic debacle. I call it a depression. And he is arming Israel against the Palestinians in every way in Gaza.

Helen Thomas

#23. 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

#24. Your grandparents came of age in the Great Depression, when everyday life was about deprivation and sacrifice, when the economic conditions of the time were so grave and so unrelenting it would have been easy enough for the American dream to fade away.

Tom Brokaw

#25. It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression.

Henry Ford

#26. Poverty in western Mexico is an Unconditional Sentence.

Warren Eyster

#27. Housing activity will remain healthy for some time to come.

David Lereah

#28. You know, my Grandpop Finnegan used to have an expression: he used to say, 'Joey, the guy in Olyphant's out of work, it's an economic slowdown. When your brother-in-law's out of work, it's a recession. When you're out of work, it's a depression.'

Joe Biden

#29. 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

#30. I don't think that any economist disputes that we're in the worst economic crisis since the great depression. The good news is that we're getting a consensus around what needs to be done.

Barack Obama

#31. Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

James Buchan

#32. Unless we do something and do it quickly, we may be going back to an economic stone age.

Kenneth Eade

#33. Whatever change you desire for the world, create that change in your own life. You are here for a purpose. Seek it out. Hunt it down. The greatest misery is to be purposeless. The great depression of our age is not economic, but spiritual. Our spiritual poverty is rooted in our purposelessness.

Matthew Kelly

#34. When people believe that the local government and economy serve their needs. There is little desire to protest.

Auliq Ice