My grandfather was a wealthy and respected merchant in Montclair, New Jersey, where I was born. But his estate was wiped out in the Great Depression, and as a result, I had what I consider the ideal upbringing: We were a proud family, good citizens, and we didn't have a sou.

John C. Bogle

Franklin Delano Roosevelt eventually became the greatest liberal leader of 20th century United States, but he started as a fiscal conservative. His greatness is founded in his willingness to change his mind to save his country from the Great Depression.

Abhijit Banerjee

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

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

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

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

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

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

Barry Eichengreen

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

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

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

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

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

Ben Shapiro

My parents, products of the Great Depression, were successful people, but lived in a state of constant fear that my sister and I, and they, would sink into the kind of economic insecurity that their generation knew so well.

Ben Stein

My parents were children during the Great Depression of the 1930s, and it scarred them. Especially my father, who saw destitution in his Brooklyn, New York neighborhood; adults standing in so called 'bread lines,' children begging in the streets.

Bill O'Reilly

Americans who have parents raised during the Great Depression or World War II understand how drastically things have changed on the home front. My father did not care a whit whether I liked him, and it would have been unthinkable for him to pick up my stuff. There were rules in the house, and they were enforced.

Bill O'Reilly

I was born illegitimately and almost immediately, as I understand it, placed in an orphanage. So my very earliest memories were in an orphanage. It was the tag end of the Great Depression when I was born. People were desperately poor.

Bryce Courtenay

The most striking development of the great depression of 1929 is a profound skepticism of the future of contemporary society among large sections of the American people.

C. L. R. James

I've lived through the Great Depression.

Carl Reiner

Hank Paulson, the happy capitalist warrior who spent his life pursuing and defending free markets, is now the biggest interventionist Treasury secretary we've had since the Great Depression.

Charles Duhigg

When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change.

Charlie Munger