By 1929, 5 percent of the population received one-third of the nation’s income. The structural weaknesses of this economy plunged the nation into the Great Depression.
The movies saved my life. I grew up in the great depression, the only child of a pair of star crossed lovers. My father lost his job. My mother drank. They fought. The movies were my escape.
In his first year in office, President Obama pulled us back from the brink of the greatest economic crisis since the Great Depression and worked to lay a new foundation for economic growth. The president identified three key strategies to build that lasting prosperity: innovation, investment, and education.
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.
Recovery measures work better when they raise confidence – as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would fight the Great Depression with the same resolve he would muster against a foreign foe, were aimed at reassuring Americans.
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.
My father’s money vanished in the Great Depression, and he had trouble keeping a job.
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.
‘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.
In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.
We are a resilient country. We’ve been through a Civil War; we’ve been through two World Wars. We’ve been through a Great Depression; we even made it through Jimmy Carter! We will make it through the Obama years!
After the Great Depression and after public urging, a nationwide public competition was held to determine a design for a memorial that would honor President Thomas Jefferson’s bold vision for westward expansion for America.
The greatest generation was formed first by the Great Depression. They shared everything – meals, jobs, clothing.
I think if there’s a great depression there might be some hope.
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.
During the Great Depression, African Americans were faced with problems that were not unlike those experienced by the most disadvantaged groups in society. The Great Depression had a leveling effect, and all groups really experienced hard times: poor whites, poor blacks.
Our Generation has had no Great war, no Great Depression. Our war is spiritual. Our depression is our lives.
Raised by an irresponsible mother during the Great Depression in the Jim Crow south, my father was on his own from the age of 13.
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.
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