#great depression

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

#crisis #depression #despite #essentially #federal

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

#coast #depression #east #east coast #everyone

Because its hard to realize now that that was the end of the great depression, you know. All of a sudden all of this is in front of me and I'm solvent, you know. I'm making some money and I know where my next meal is coming from, and I have a new pair of shoes and that's it. ↗

— Robert McCloskey

#coming #depression #end #front #great

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

We were growing up in West Virginia. Everybody was poor there in the southern part of the state. It was like growing up in the Great Depression from the stories I hear people tell. Everybody was poor and so we didn't know that we were any different from anybody else. ↗

— James Green Somerville

#anybody #depression #different #else #everybody

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

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

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

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

We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years. ↗

— John Bright

#bad #caused #depression #extension #great