Perhaps never before or since have so many people taken…
![“Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in the two days following the Thursday [24th October 1929] disaster.” quote by John Kenneth Galbraith](https://sms4smile.com/q/img-quotes/3ec/john-kenneth-galbraith-643_disaster_perhaps-never-before-or-since-have-so-ma_2656983.png)
“Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in the two days following the Thursday [24th October 1929] disaster.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
After the 1929 crash, many people became unusually optimistic about the economy, a paradoxical reaction.
In simple terms: People felt hopeful after a disaster.
Key Takeaway
Question optimism after crises.
Themes
economics
psychology
optimism
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- investment decisions
- policy making
- public morale
Key Concepts
behavioral economics
market sentiment
Questions to Reflect On
- Why do crises trigger optimism?
- What are the dangers of premature confidence?
A Different Perspective
Optimism may ignore underlying risks.