--- title: "Meaning & Key Takeaway of: Up until the Depression, recession had a…" description: "\"Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business ex..." image: "https://sms4smile.com/quotes/i/34c/james-buchan-9717_body_up-until-the-depression-recession-had-a_1216836.png" --- # Up until the Depression, recession had a moral character… ![“Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.” quote by James Buchan](https://sms4smile.com/quotes/i/34c/james-buchan-9717_body_up-until-the-depression-recession-had-a_1216836.png) [Download](https://sms4smile.com/quotes/i/34c/james-buchan-9717_body_up-until-the-depression-recession-had-a_1216836.png) [Open image](https://sms4smile.com/quotes/i/34c/james-buchan-9717_body_up-until-the-depression-recession-had-a_1216836.png) > “Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.” [James Buchan](https://sms4smile.com/quotes/author/james-buchan/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Depression was viewed as a moral cleanse, removing greed and excess from the economy. **In simple terms:** Depression seen as moral purge. Key Takeaway Recognize moral narratives in economic crises. Themes economics morality history Mood reflective critical Type analytical historical When to use this quote - Policy analysis - financial journalism - academic study Key Concepts Moral economy purge excess Questions to Reflect On - How does framing recession as moral affect policy? - Can moral judgments hinder objective analysis? A Different Perspective Such narratives can oversimplify complex causes and blame victims. ★ ★ ★ ★ ★ No ratings yet [Body](https://sms4smile.com/quotes/about/body/) [Business](https://sms4smile.com/quotes/about/business/) [Character](https://sms4smile.com/quotes/about/character/) [Depression Recession](https://sms4smile.com/quotes/about/depression-recession-3711724/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic Greed](https://sms4smile.com/quotes/about/economic-greed-3711723/) [Excess](https://sms4smile.com/quotes/about/excess/) [Expansion](https://sms4smile.com/quotes/about/expansion/) [Greed](https://sms4smile.com/quotes/about/greed/) [Greed Excess](https://sms4smile.com/quotes/about/greed-excess-3711725/) [Moral](https://sms4smile.com/quotes/about/moral/) [Moral character](https://sms4smile.com/quotes/about/moral-character/) [Recession Moral](https://sms4smile.com/quotes/about/recession-moral-3711722/) ## Related quotes > [They always say that the entertainment and restaurant industries are the only businesses that don't sink during a depression or a recession. 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