Disaster Quote by John Kenneth Galbraith
![“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/quotes/img-quotes/3ec/john-kenneth-galbraith-643_disaster_perhaps-never-before-or-since-have-so-ma_2656983.jpg)
“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
Source Speech: Economic Outlook, October 1929
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.
