#great depression

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

The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression. ↗

— Jay Carney

#depression #everyone #faced #fact #great

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

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

#avoided #because #depression #down #economists

But through world wars and a Great Depression, through painful social upheaval and a Cold War, and now through the attacks of September 11, 2001, our Nation has indeed survived. ↗

— Nick Rahall

#cold #cold war #depression #great #great depression

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

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

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