Herbert Hoover Quotes

The Great Depression was going on, so that the station and the streets teemed with homeless people, just as they do today. The newspapers were full of stories of worker layoffs and farm foreclosures and bank failures, just as they are today. All that has changed, in my opinion, is that, thanks to television, we can hide a Great Depression. We may even be hiding a Third World War.

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

An entire nation, it seemed, was standing in one long breadline, desperate for even the barest essentials. It was a crisis of monumental proportions. It was known as the Great Depression.

After the war, Prohibition was passed, and with liquor no longer legally available the nation plunged headlong into the Great Depression.

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.

I think if there's a great depression there might be some hope.

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Oh, sure, we have another world war coming, and another great depression, but where are the leaders this time?

The year of my birth, 1940, was the fulcrum of America in the twentieth century, when the nation was balanced precariously between the darkness of the Great Depression on one side and the storms of war in Europe and the Pacific on the other.

Long periods of recession, which tend to be self-perpetuating, are usually ended by war, or by preparations for it.

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

I grew up in the heart of the Depression.

Nationalization, unmentionable only yesterday, has entered common usage not least because an even scarier word - depression - is next on America's list to avoid.

Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth.

How much would you pay to avoid a second Depression?

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

Gentleman, you have come sixty days too late. The depression is over.

A recession is a period in which you tighten your belt. In a depression, you have no belt to tighten. In a panic you have no pants left to hold up.

The Depression has caused an emergency more serious than war.

They were the darkest of times, the years following the crash of the stock market in 1929. Thousands of people across the United States were cast out of their Jobs, off their farms, out of their homes and apartments, and into the crushing depths of poverty.

We have the worst revival of an economy since the Great Depression. And believe me: We're in a bubble right now.

It is reported that about 30% of the world's population is unemployed. That's worse than the Great Depression, but it's now an international phenomenon.

You've got the Wall Street situation, the sub-prime situation. You've got a black president. We've got wars. We've got unemployment. But the music doesn't reflect that. And I challenge anybody to show me a music that's on the radio that reflects that.

Beside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.