Great Depression Quotes
From 1929-1935.

1929 Great Depression quotes tell us clearly what was going through people's minds as the tragedy unfolded.

What They Said Back Then...

...can we learn from history, and could it happen again?

The "Great" Economic Depression of 1929... "The Financial house of cards collapses"... "A financial panic grips the world"... "Practically overnight an economic blizzard swept the world"... "Always the unemployed, the soup kitchens, the grinding poverty, and the despair".



1929...
"Black Thursday" 24th October Wall St loses 11%...
"Black Monday" 28th October Wall St loses 13%...
"Black Tuesday" 29th October Wall St loses 12%.

"There is no cause to worry. The high tide of prosperity will continue."

... Sec. of Treasury, Andrew Mellon,
September 1929.




"Stock prices have reached what looks like a permanently high plateau".

... Yale Economist Irving Fisher,
October 16th 1929.





"This crash is not going to have much effect on business."

... Chairman Arthur Reynolds
Continental Illinois Bank of Chicago
October 24th 1929.





"I have no fear of another comparable decline."

... Arthur W. Loasby
President Equitable Trust Co.
October 25th 1929.



1930... Great Depression Quotes.
"While the crash only took place six months ago, I am convinced we have passed the worst and with continued unity of effort we shall rapidly recover."

... President Hoover, May 1930.



"We have hit bottom and are on the upswing."

... Sec. of Labor James Davis,
September 1930.




"I see no reason why 1931 should not be an extremely good year."

... Alfred Sloan Jr, General Motors Co.
November 1930.



1931... Great Depression Quotes.
"The depression has ended."

... Dr. Julius Klein, Ass. Sec. Commerce
June 1931.




"REDISCOUNT RATE CUT TO 1% RECORD LOW: Federal Reserve Bank Takes Drastic Action."

... May 8th 1931.



"You see in the old days there was mighty few things bought on credit. Your taste had to be in harmony with your income, for it had never been any other way.
I don't reckon there has ever been a time in American homes when there was as much junk in 'em as there is today... everybody has got more than they used to have, but they haven't got as much as they thought they ought to have.
If we could just go back the last two or three years and do our buying a little more carefully, why... we would be O.K."

... Will Rogers.



"I'm not against (bull fighting). Some nations like to see blood, and some like to see their victims suffer from speculation... They kill the bull very quick. Wall Street lets you live and suffer."

... Will Rogers.



1932... Great Depression Quotes.

"In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope... but as I look around about, I now see nothing to give ground to hope."

... Former President Coolidge.




"Bankers are likeable rascals. Now that we are all wise to 'em, it's been shown that they don't know any more about finances than the rest of us know about our businesses... which has proved to be nothing."


... Will Rogers.



great depression car sale
Stock Investor's Desperate Sign.


1933... Great Depression Quotes.

"The only thing we have to fear is fear itself."

... President Franklin Roosevelt
inaugural address 1933.




"If, with all the advantages I've got, I can't make a living... I'm just no good, I guess."

... Unemployed Texas school teacher, 1933.




great depression sign
Unemployed man's sign.



1934... Great Depression Quotes.

sign great depression
Sign held by unemployed man's son.



a great depression sign

Sign on the outskirts of an American town.


1935... Great Depression Quotes.

"Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick."

... Will Rogers.

The Death of the Roaring Twenties...

..."Then the bubble burst... 'Brother, Can You Spare A Dime?'... The sidewalks are ripped out and used for fuel... With no one buying, farmers are forced to destroy their own produce."

Unfortunately you may need to go to a new window for this video.... but it's worth seeing.

Rioting Across America...

... "5,000 are in the milling mob, outnumbering the police 10 to 1. A duel beginning in hand to hand fighting in which one deputy was beaten to death and scores were injured."

Great Depression 1929.

Newsflash 13th December 2011:

"It's time to start calling the current situation what it is: a depression.

True, it's not a full replay of the Great Depression, but that's cold comfort. Unemployment in both the United States and Europe remains disastrously high. Leaders and institutions are increasingly discredited. And democratic values are under siege.

On that last point, I am not being alarmist".

... Paul Krugman, Nobel Prize
winning economist, New York Times.




* * * * * * * * *

Newsflash February 2012:

"The poor working-class person is scared to death they're going to lose their house, and scared to death they're going to lose their job."

... Prof. Susan McManus,
University South Florida.






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