U.S. factory production plummeted in April by the most in records back to 1919 as coronavirus-related shutdowns exacted a bigger toll on the economy.
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Quotes tagged ‘Great Depression’
The banking industry bought everything; they even bought their own facts. The industry commissioned three different studies, each of which was touted as independent. Each explained the urgent need to change the law—exactly the way the banking industry wanted it changed. One particularly damaging res…
This crisis didn’t have to happen. America had a boom-and-bust cycle from the 1790s to the 1930s, with a financial panic every ten to fifteen years. But we figured out how to fix it. Coming out of the Great Depression, the country put tough rules in place that gave us fifty years without a financial…
This crisis didn’t have to happen. America had a boom-and-bust cycle from the 1790s to the 1930s, with a financial panic every ten to fifteen years. But we figured out how to fix it. Coming out of the Great Depression, the country put tough rules in place that gave us fifty years without a financial…
You have to understand that growing up during the Depression, I saw my parents struggling to pay the rent. My father was always unemployed, and when he did have a job, he was a dress cutter. Not very much money there. I was happy enough to get a nice paycheck and be treated well. I always got the hi…
You’re talking about two different categories of people. Dillinger and them guys, that was the Depression, they were robbing banks because that was their only way to survive. Me, I’m not like Dillinger or anybody else. I’m freakish.
Man, I see in Fight Club the strongest and smartest men who've ever lived. I see all this potential, and I see it squandered. God damn it, an entire generation pumping gas, waiting tables—slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit…
In the fallout of the Great Depression, FDR closed all the banks for a bank holiday and then he reopened them in stages when they were reported to being sound. Later, historians discovered what we in this room now know; that those reports, they are mostly lies. Nevertheless, it worked, it worked bec…
My predictions are usually accurate. I was the fellow who said there would be no market crash in 1929.
On this idea, the first part of the Act proposes to our industry a great spontaneous cooperation to put millions of men back in their regular jobs this summer. The idea is simply for employers to hire more men to do the existing work by reducing the work-hours of each man's week and at the same time…
No business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By 'business' I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by…
Your Government is still on the same side of the street with the Good Samaritan and not with those who pass by on the other side.