Great depression Quote by Harry S. Dent
“I once read that more millionaires per capita were created during the Great Depression than at any other time in history.”
About This Quote
Source Book: The Great Depression and the Rise of the Millionaire, Harry S. Dent, 2009
The Great Depression generated more millionaires per person than any other era, suggesting crises can create wealth opportunities.
In simple terms: Depressions can produce many wealthy people per capita.
Key Takeaway
Seek opportunity in economic downturns.
Themes
economics
wealth
history
opportunity
crisis
Mood
analytical
pragmatic
Type
educational
economic
When to use this quote
- financial planning
- investment strategy
- historical analysis
Key Concepts
wealth creation
economic cycles
entrepreneurship
Questions to Reflect On
- How can you position yourself for opportunities in downturns?
- What risks accompany such wealth creation?
A Different Perspective
Not all crises yield wealth; timing and skill matter.
![“Of course, you don't have to have a degree to be rich. You just have to have ideas. Maybe having a degree sets you back, for it stuffs you into tick-tock [the daily grind of work], and perhaps that stifles your creative mind. But the fact is that many millionaires have few educational…” quote by Stuart Wilde](https://sms4smile.com/quotes/img-quotes/48b/stuart-wilde-5226_common_of-course-you-don-t-have-to-have-a-degre_572504.jpg)
![“The crisis [the Great Depression] discovered a great man in Franklin Roosevelt...None too soon he has carried America forward to the second stage of democratic realization. His New Deal involves such collective controls of the national business that it would be absurd to call it anything but…” quote by H. G. Wells](https://sms4smile.com/quotes/img-quotes/772/h-g-wells-1122_absurd_the-crisis-the-great-depression-discover_120950.jpg)
![“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education…” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/860/joseph-stiglitz-1351_america_world-war-ii-was-really-unusual-because_156000.jpg)
