Great depression Quote by Robert J. Gordon
““both the Great Depression and World War II directly contributed to the Great Leap.””
About This Quote
Source Book: The Rise and Fall of American Growth, 2016
Economic crises and wars can unintentionally spur innovation and structural change, leading to major societal shifts.
In simple terms: Crises can drive progress.
Key Takeaway
Learn from past disruptions.
Themes
economics
history
innovation
war
depression
Mood
analytical
historical
Type
informative
inspirational
When to use this quote
- policy making
- business strategy
- education curriculum
- public discourse
Key Concepts
structural change
technological advancement
Questions to Reflect On
- How did WWII reshape economies?
- What lessons can modern policy draw?
A Different Perspective
Positive outcomes are not guaranteed.
![“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)
