Trooper_IHB
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<em>The Great Depression was a worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries. It was the largest and most important economic depression in modern history, and is used in the 21st century as an example of how far the world's economy can fall.[1] The Great Depression originated in the United States; historians most often use as a starting date the stock market crash on October 29, 1929, known as Black Tuesday. The end of the depression in the U.S is associated with the onset of the war economy of World War II, beginning around 1939.[2]</em>
"... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall." ?- HES, November 10, 1929
"The end of the decline of the Stock Market will probably not be long, only a few more days at most." ?- Irving Fisher, Professor of Economics at Yale University, November 14, 1929 ?
"In most of the cities and towns of this country, this Wall Street panic will have no effect."?- Paul Block (President of the Block newspaper chain), editorial, November 15, 1929 ?
"Financial storm definitely passed."?- Bernard Baruch, cablegram to Winston Churchill, November 15, 1929
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<strong>"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress." ?- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929</strong>
"I am convinced that through these measures we have reestablished confidence." ?- Herbert Hoover, December 1929
"We are now near the end of the declining phase of the depression." ?- Harvard Economic Society Nov 15, 1930
"Stabilization at [present] levels is clearly possible." ?- HES Oct 31, 1931
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."?- President F.D. Roosevelt, 1933
<a href="http://www.huffingtonpost.com/danny-schechter/interregnum-the-week-befo_b_153818.html">Quotes taken from this Danny Schechter article </a>
"... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall." ?- HES, November 10, 1929
"The end of the decline of the Stock Market will probably not be long, only a few more days at most." ?- Irving Fisher, Professor of Economics at Yale University, November 14, 1929 ?
"In most of the cities and towns of this country, this Wall Street panic will have no effect."?- Paul Block (President of the Block newspaper chain), editorial, November 15, 1929 ?
"Financial storm definitely passed."?- Bernard Baruch, cablegram to Winston Churchill, November 15, 1929
?
<strong>"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress." ?- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929</strong>
"I am convinced that through these measures we have reestablished confidence." ?- Herbert Hoover, December 1929
"We are now near the end of the declining phase of the depression." ?- Harvard Economic Society Nov 15, 1930
"Stabilization at [present] levels is clearly possible." ?- HES Oct 31, 1931
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."?- President F.D. Roosevelt, 1933
<a href="http://www.huffingtonpost.com/danny-schechter/interregnum-the-week-befo_b_153818.html">Quotes taken from this Danny Schechter article </a>