--- title: "Meaning & Key Takeaway of: Our whole Depression was brought on by…" description: "\"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 som..." image: "https://sms4smile.com/quotes/i/d65/will-rogers-272_borrowing_our-whole-depression-was-brought-on-by-g_3027510.jpg" --- # Our whole Depression was brought on by gambling, not in… ![“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.” quote by Will Rogers](https://sms4smile.com/quotes/i/d65/will-rogers-272_borrowing_our-whole-depression-was-brought-on-by-g_3027510.jpg) [Download](https://sms4smile.com/quotes/i/d65/will-rogers-272_borrowing_our-whole-depression-was-brought-on-by-g_3027510.jpg) [Open image](https://sms4smile.com/quotes/i/d65/will-rogers-272_borrowing_our-whole-depression-was-brought-on-by-g_3027510.jpg) > “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.” [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Borrowing](https://sms4smile.com/quotes/about/borrowing/) [Depression](https://sms4smile.com/quotes/about/depression/) [Easy money](https://sms4smile.com/quotes/about/easy-money/) [Gambling](https://sms4smile.com/quotes/about/gambling/) [Great depression](https://sms4smile.com/quotes/about/great-depression/) [Investing](https://sms4smile.com/quotes/about/investing/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [A debt is just as hard for a Government to pay as it is for an individual. No debt ever comes due at a…](https://sms4smile.com/quotes/will-rogers/a-debt-is-just-as-hard-for-a-government-to-pay-as-it-is-for-an/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [I knew a guy who had $5 million and owned his house free and clear. But he wanted to make a bit more money…](https://sms4smile.com/quotes/charlie-munger/i-knew-a-guy-who-had-5-million-and-owned-his-house-free-and-clear-but/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I used to go to Vegas and play the horses, and then I realised how ridiculous that was. There is no winning in gambling,…](https://sms4smile.com/quotes/josh-brolin/i-used-to-go-to-vegas-and-play-the-horses-and-then-i-realised-how/) [Josh Brolin](https://sms4smile.com/quotes/author/josh-brolin/) > [“continues: For Kit, the Depression has brought big changes: a houseful of boarders, tons of chores, and no birthday party. But when Kit’s taste…](https://sms4smile.com/quotes/valerie-tripp/continues-for-kit-the-depression-has-brought-big-changes-a-houseful/) Valerie Tripp > [The depression brought everybody down a peg or two. And the Negroes had but few pegs to fall.](https://sms4smile.com/quotes/langston-hughes/the-depression-brought-everybody-down-a-peg-or-two-and-the-negroes/) [Langston Hughes](https://sms4smile.com/quotes/author/langston-hughes/) > [The depression brought everybody down a peg or two. And the Negro had but few pegs to fall.](https://sms4smile.com/quotes/langston-hughes/the-depression-brought-everybody-down-a-peg-or-two-and-the-negro-had/) [Langston Hughes](https://sms4smile.com/quotes/author/langston-hughes/) > [Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into serious debt…](https://sms4smile.com/quotes/peter-welch/yes-it-is-long-past-time-we-get-serious-about-tackling-the-nation-s/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [A debt ... is just an exchange that has not been brought to completion.](https://sms4smile.com/quotes/david-graeber/a-debt-is-just-an-exchange-that-has-not-been-brought-to-completion/) [David Graeber](https://sms4smile.com/quotes/author/david-graeber/) > [Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.](https://sms4smile.com/quotes/barbara-corcoran/refinancing-doesn-t-reduce-your-debt-it-just-restructures-it-so-be/) [Barbara Corcoran](https://sms4smile.com/quotes/author/barbara-corcoran/) > [“The debt we owe our parents can never be squared, and jolly good too, because doing so would threaten to nullify all relationship, all…](https://sms4smile.com/quotes/robert-rowland-smith/the-debt-we-owe-our-parents-can-never-be-squared-and-jolly-good-too/) [Robert Rowland Smith](https://sms4smile.com/quotes/author/robert-rowland-smith/) > [Debt is not just a money thing. It's about owing and being owed. Money is just one thing you can exchange. You can exchange…](https://sms4smile.com/quotes/margaret-atwood/debt-is-not-just-a-money-thing-it-s-about-owing-and-being-owed-money/) [Margaret Atwood](https://sms4smile.com/quotes/author/margaret-atwood/) > [When Americans think of college these days, the first word that often comes to mind is 'debt.' And from 'debt' it's just a short…](https://sms4smile.com/quotes/james-surowiecki/when-americans-think-of-college-these-days-the-first-word-that-often/) [James Surowiecki](https://sms4smile.com/quotes/author/james-surowiecki/) > [Thousands of Ohio families are going deeper and deeper in debt just trying to pay their heating bills, fill prescriptions, and buy groceries. The…](https://sms4smile.com/quotes/sherrod-brown/thousands-of-ohio-families-are-going-deeper-and-deeper-in-debt-just/) [Sherrod Brown](https://sms4smile.com/quotes/author/sherrod-brown/) > [Love is free in this world, so do not let it become debt just evil.](https://sms4smile.com/quotes/meicee/love-is-free-in-this-world-so-do-not-let-it-become-debt-just-evil/) Meicee > [What is debt anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.](https://sms4smile.com/quotes/david-graeber/what-is-debt-anyway-a-debt-is-just-the-perversion-of-a-promise-it-is/) [David Graeber](https://sms4smile.com/quotes/author/david-graeber/) ## More by Will Rogers > [She was so ugly she could make a mule back away from an oat bin.](https://sms4smile.com/quotes/will-rogers/she-was-so-ugly-she-could-make-a-mule-back-away-from-an-oat-bin/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [We are always saying: Let the Law take its Course but what we really mean is: Let the Law take OUR Course.](https://sms4smile.com/quotes/will-rogers/we-are-always-saying-let-the-law-take-its-course-but-what-we-really/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [The Democrats and the Republicans are equally corrupt where money is concerned. It's only in the amount where the Republicans excel.](https://sms4smile.com/quotes/will-rogers/the-democrats-and-the-republicans-are-equally-corrupt-where-money-is/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [Farmers, get out your sense of humor. Congress meets to relieve you again next week.](https://sms4smile.com/quotes/will-rogers/farmers-get-out-your-sense-of-humor-congress-meets-to-relieve-you/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [Politicians, after all, are not over a year behind public opinion.](https://sms4smile.com/quotes/will-rogers/politicians-after-all-are-not-over-a-year-behind-public-opinion/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [American invents everything, but the trouble is we get tired of it the minute the new is wore off.](https://sms4smile.com/quotes/will-rogers/american-invents-everything-but-the-trouble-is-we-get-tired-of-it-the/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [I don't know what humor is.](https://sms4smile.com/quotes/will-rogers/i-don-t-know-what-humor-is/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [There are two things I don't care how smart you are, you will never understand. One is an alienist's testimony, and the other is…](https://sms4smile.com/quotes/will-rogers/there-are-two-things-i-don-t-care-how-smart-you-are-you-will-never/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [The more you observe politics, the more you've got to admit that each party is worse than the other.](https://sms4smile.com/quotes/will-rogers/the-more-you-observe-politics-the-more-you-ve-got-to-admit-that-each/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [I don't think you can make a lawyer honest by an act of legislature. You've got to work on his conscience. And his lack…](https://sms4smile.com/quotes/will-rogers/i-don-t-think-you-can-make-a-lawyer-honest-by-an-act-of-legislature/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [There are two theories to arguing with a woman. Neither works.](https://sms4smile.com/quotes/will-rogers/there-are-two-theories-to-arguing-with-a-woman-neither-works/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [America is a great country, but you can't live in it for nothing.](https://sms4smile.com/quotes/will-rogers/america-is-a-great-country-but-you-can-t-live-in-it-for-nothing/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [There ought to be one day - just one - when there is open season on senators.](https://sms4smile.com/quotes/will-rogers/there-ought-to-be-one-day-just-one-when-there-is-open-season-on/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [Every Gag I tell must be based on truth. No matter how much I may exaggerate it, it must have a certain amount of…](https://sms4smile.com/quotes/will-rogers/every-gag-i-tell-must-be-based-on-truth-no-matter-how-much-i-may/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [So live that you would not mind selling your pet parrot to the town gossip](https://sms4smile.com/quotes/will-rogers/so-live-that-you-would-not-mind-selling-your-pet-parrot-to-the-town/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) [Explore all 776 Will Rogers quotes ](https://sms4smile.com/quotes/author/will-rogers/) ## More Borrowing quotes > [I would borrow money all day long, if the cost of borrowing is less than the expected return.](https://sms4smile.com/quotes/brad-schneider/i-would-borrow-money-all-day-long-if-the-cost-of-borrowing-is-less/) [Brad Schneider](https://sms4smile.com/quotes/author/brad-schneider/) > [ When the fountains of government \[borrowing\] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the… ](https://sms4smile.com/quotes/john-t-flynn/when-the-fountains-of-government-borrowing-abundance-began-to-dry-up/) [John T. Flynn](https://sms4smile.com/quotes/author/john-t-flynn/) > [By taking out a loan, I am committing myself to years of interest repayments, and therefore to years of wage slavery. And the UK…](https://sms4smile.com/quotes/tom-hodgkinson/by-taking-out-a-loan-i-am-committing-myself-to-years-of-interest/) [Tom Hodgkinson](https://sms4smile.com/quotes/author/tom-hodgkinson/) > [Perhaps art criticism cannot be reformed in a logical sense because it was never well-formed in the first place. Art criticism has long been…](https://sms4smile.com/quotes/james-elkins/perhaps-art-criticism-cannot-be-reformed-in-a-logical-sense-because/) [James Elkins](https://sms4smile.com/quotes/author/james-elkins/) > [It’s always going to be easy to live like others or other’s life, because creating or innovating something of own is always difficult in…](https://sms4smile.com/quotes/anuj/it-s-always-going-to-be-easy-to-live-like-others-or-other-s-life/) [Anuj](https://sms4smile.com/quotes/author/anuj/) > [A poet ought not to pick nature's pocket. Let him borrow, and so borrow as to repay by the very act of borrowing. Examine…](https://sms4smile.com/quotes/samuel-taylor-coleridge/a-poet-ought-not-to-pick-nature-s-pocket-let-him-borrow-and-so-borrow/) [Samuel Taylor Coleridge](https://sms4smile.com/quotes/author/samuel-taylor-coleridge/) > [Several southern actors are coming to Mumbai. Likewise, many Bollywood actors are appearing down South or borrowing ideas from southern films.](https://sms4smile.com/quotes/ram-charan/several-southern-actors-are-coming-to-mumbai-likewise-many-bollywood/) [Ram Charan](https://sms4smile.com/quotes/author/ram-charan/) > [As for borrowing Mr. Whistler's ideas about art, the only thoroughly original ideas I have heard him express have had reference to his own…](https://sms4smile.com/quotes/oscar-wilde/as-for-borrowing-mr-whistler-s-ideas-about-art-the-only-thoroughly/) [Oscar Wilde](https://sms4smile.com/quotes/author/oscar-wilde/) > [Saints and ordinary folks are the same from the start. Inquiring about a difference is like asking to borrow string when you've got a…](https://sms4smile.com/quotes/hsu-yun/saints-and-ordinary-folks-are-the-same-from-the-start-inquiring-about/) Hsu Yun > [Borrowing money on what's called 'easy terms,' is a one-way ticket to the Poor House. If you think it ain't a Sucker Game, why…](https://sms4smile.com/quotes/will-rogers/borrowing-money-on-what-s-called-easy-terms-is-a-one-way-ticket-to/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know…](https://sms4smile.com/quotes/paul-ryan/what-i-m-concerned-about-is-endless-borrowing-which-is-going-to/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Debt is a bottomless sea.](https://sms4smile.com/quotes/anonymous/debt-is-a-bottomless-sea/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [There is a big problem. The problem is the country borrowed too much. We went on a borrowing binge, there was a housing boom.…](https://sms4smile.com/quotes/george-osborne/there-is-a-big-problem-the-problem-is-the-country-borrowed-too-much/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking…](https://sms4smile.com/quotes/michael-hudson/debtor-countries-may-postpone-the-inevitable-by-borrowing-from-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [We do not project power from bankruptcy court. We're borrowing a million dollars a minute.](https://sms4smile.com/quotes/rand-paul/we-do-not-project-power-from-bankruptcy-court-we-re-borrowing-a/) [Rand Paul](https://sms4smile.com/quotes/author/rand-paul/) [Browse all 303 Borrowing quotes ](https://sms4smile.com/quotes/about/borrowing/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "Will Rogers" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/will-rogers/our-whole-depression-was-brought-on-by-gambling-not-in-the-stock/", "about": { "@type": "Thing", "name": "Borrowing" }, "@id": "https://sms4smile.com/quotes/will-rogers/our-whole-depression-was-brought-on-by-gambling-not-in-the-stock/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d65/will-rogers-272_borrowing_our-whole-depression-was-brought-on-by-g_3027510.jpg", "contentUrl": "https://sms4smile.com/quotes/i/d65/will-rogers-272_borrowing_our-whole-depression-was-brought-on-by-g_3027510.jpg", "url": "https://sms4smile.com/quotes/i/d65/will-rogers-272_borrowing_our-whole-depression-was-brought-on-by-g_3027510.jpg", "width": 1080, "height": 1080, "caption": "“Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and…” — Will Rogers", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Will Rogers", "item": "https://sms4smile.com/quotes/author/will-rogers/" }, { "@type": "ListItem", "position": 4, "name": "Our whole Depression was brought on...", "item": "https://sms4smile.com/quotes/will-rogers/our-whole-depression-was-brought-on-by-gambling-not-in-the-stock/" } ], "@id": "https://sms4smile.com/quotes/will-rogers/our-whole-depression-was-brought-on-by-gambling-not-in-the-stock/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```