Anecdotes Quote by Melanie McGrath

In the Great Depression in which I grew up and remember vividly, unemployment was over 25 percent, and over 35 percent where I lived.…

— Jimmy Carter

When the 1929 crash wiped out disposable income, there were not enough consumers to fuel a recovery.

— Heather Cox Richardson

The alternatives [to the stimulus packages] were to do nothing or, worse, effectively replicate the Premiers' Plan of 1931 when governments cut expenditure, thereby…

— Kevin Rudd

In the 1930s, unemployed working people could anticipate that their jobs would come back.

— Noam Chomsky

The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe.…

— Milton Friedman

Poverty, I realized, wasn't only a lack of financial resources; it was isolation from the kind of people that could help you make more…

— Keith Ferrazzi

Then, when the Fed's fire hoses started spraying an elephant soup of liquidity injections in every direction, and its balance sheet grew by $1.3…

— David Stockman

Today society situation: They got money for wars, but can't feed the poor.

— Punkinhead Abhishek

“Fighting unemployment by methods far more costly than the opening of bread lines and soup kitchens would not have been given serious consideration, regardless…

— Philip A. Fisher

In 1843, everybody was hungry, unemployed, and conditions were very bad.

— Claire Tomalin

“Because in America there is a naive belief that we are all rugged individuals and can make it on our own, stock market and…

— Captain Hank Bracker, "Seawater One

The 24% unemployment reached at the depths of the Great Depression was no picnic.

— Barry Eichengreen