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Quotes for topic: Great Depression


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Showing 1-10 of 28 quotes in the topic 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

Topics: Act Avoided Because Depression Down Economists Figure Great Great Depression Happened Jobs Lines Look Mean Millions Need Out Reality Recovery Saved Second See Soup Street Take Tell Were Will Would You

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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

Topics: Care Coast Depression East East Coast Everyone Great Great Depression Had Having How Knows Measure North Old Recovery Since Single South West West Coast Worst You Young

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As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key component to economic recovery; hindering trade is a recipe for disaster.

~Asa Hutchinson

Topics: After Component Depression Disaster Economic Great Great Depression Herbert Hoover International International Trade Key Learned Outset President Recipe Recovery Signed Tariff Trade Vibrant

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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

Topics: About Answer Asked Avoid Borrowed Could Depression Great Great Depression Had Happen Here How How Much Lot Money Much Paid Pay People Prevent Used Would You

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If you look at the Greek economic record, it's been very similar to the U.S. experience in the first four years of the Great Depression. And after having a Depression-sized event, they've cut the unit-labor cost in Greece - they've closed something like half the gap with Germany.

~Austan Goolsbee

Topics: After Been Closed Cost Cut Depression Economic Event Experience First Four Gap Germany Great Great Depression Greece Greek Half Having Like Look Record Similar Something Very Years You

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The 24% unemployment reached at the depths of the Great Depression was no picnic.

~Barry Eichengreen

Topics: Depression Depths Great Great Depression Picnic Reached Unemployment

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This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks to a series of careful studies of the problem conducted in the depths of the 1930s Great Depression.

~Barry Eichengreen

Topics: Bearing Brunt Careful Crisis Damaging Depression Depths Great Great Depression Having Impact Know Lives Long-Term Problem Profoundly Series Studies Thanks Those Unemployment 1930S

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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

Topics: Became Crisis Depression Despite Essentially Federal Federal Reserve Financial Financial Crisis Great Great Depression Importantly Lasted Mandate Passive Quite Reserve Result Severe Very 1930S

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The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.

~Ben Bernanke

Topics: Bubble Collapse Depression Economy Following Great Great Depression Japan Severe So-Called 1980S

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During the Great Depression, levels of crime actually dropped. During the 1920s, when life was free and easy, so was crime. During the 1930s, when the entire American economy fell into a government-owned alligator moat, crime was nearly non-existent. During the 1950s and 1960s, when the economy was excellent, crime rose again.

~Ben Shapiro

Topics: Actually Again Alligator American American Economy Crime Depression Dropped Easy Economy Entire Excellent Fell Free Great Great Depression Levels Life Nearly Rose 1950S 1960S 1920S 1930S

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