#great depression

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

— James Tobin

#causes #depression #disasters #economies #failures

If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression. ↗

— Austan Goolsbee

#answer #asked #avoid #borrowed #could

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

#aware #career #depression #during #experience

During the Great Depression, when people laughed their worries disappeared. Audiences loved these funny men. I decided to become one. ↗

— Jerry Stiller

#become #decided #depression #disappeared #during

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. ↗

— Milton Friedman

#depression #economy #government #great #great depression

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

#been #collapse #companies #depression #ensuring

After the Great Depression and after public urging, a nationwide public competition was held to determine a design for a memorial that would honor President Thomas Jefferson's bold vision for westward expansion for America. ↗

— Russ Carnahan

#america #bold #competition #depression #design

Facts are facts: No president since Franklin Delano Roosevelt in the Great Depression inherited a worse economy, bigger job losses or deeper problems from his predecessor. But President Obama is moving America forward, not back. ↗

— Martin O'Malley

#back #bigger #deeper #delano #depression

Raised by an irresponsible mother during the Great Depression in the Jim Crow south, my father was on his own from the age of 13. ↗

— Larry Elder

#crow #depression #during #father #great

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity. ↗

— Mark Zandi

#born #bullet #caused #crisis #depression