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Great Depression Quotes

Lessons on hardship, recovery, and resolve.

These Great Depression quotes connect the 1930s downturn to later recessions and the lessons each one taught. For more historical reflection, browse our History quotes collection.

The trade deficit always goes up when the economy is strong and plummets when the economy sinks, as it did during both the Great Depression of the 1930s and the Great Recession of 2008-09.

Quotes by Stephen Moore

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

Quotes by Steny Hoyer

'Rainwater' was particularly special because it was a complete departure from the suspense novels. It's set in the Great Depression and based on an incident that occurred when my dad was a boy.

Quotes by Sandra Brown

In the Great Depression, you bought something if you had the cash to buy it.

Quotes by S. Truett Cathy

History Quotes

Everything I learned about the Great Depression was from a college textbook.

Quotes by Ralph Abernathy

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.

Quotes by John Bright

Consider trade protectionism. It's been tried - and found wanting - since the Great Depression.

Quotes by Elaine Chao

In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.

Quotes by Edward C. Prescott

It took capitalism half a century to come back from the Great Depression.

Quotes by Ben Shapiro

Lessons Quotes

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

Quotes by Ben Bernanke

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

Quotes by Barry Eichengreen

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Frequently Asked Questions

What historical events do these Great Depression quotes reference?
They connect the 1930s Great Depression to later downturns, including the Great Recession of 2008-09, drawing parallels in economic behavior.
Do the quotes credit any leader with economic recovery?
Yes, one credits a president with pulling the economy back from the edge of what could have become a second Great Depression.
How did agriculture factor into depression-era hardship?
One quote describes a severe depression in agriculture caused by consecutive bad harvests and struggling traders.
Is fiction inspired by the Great Depression mentioned here?
Yes, one quote describes a novel set during the era, based on an incident from the author's father's childhood.
Where can I find more quotes about resilience and recovery?
See our Recovery quotes or Resilience quotes pages for related themes.

Economic hardship tests resilience across every generation, as these voices show. Continue with Recovery quotes or Resilience quotes for more.