Borrowing Quote by Will Rogers
“Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick.”
About This Quote
The Great Depression was largely caused by widespread gambling, debt, and the pursuit of quick money, not just stock market speculation.
In simple terms: Debt and gambling fueled the Depression.
Key Takeaway
Avoid risky quick‑money schemes.
Themes
economics
history
financial risk
Mood
analytical
historical
Type
educational
critical
When to use this quote
- personal finance
- policy making
- financial education
- risk management
Key Concepts
speculation
debt cycles
Questions to Reflect On
- How does this view change your perception of risk?
- What safeguards prevent similar crises?
A Different Perspective
Not all causes were financial.
![“When the fountains of government [borrowing] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the state was forced to check the extension of bureaucracy and to put a stop to public works, then and then only did the Italians realize what it…” quote by John T. Flynn](https://sms4smile.com/quotes/img-quotes/908/john-t-flynn-18493_abundance_when-the-fountains-of-government-borrowi_2663.jpg)
