32 quotes
In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.
The Great Crash, 1929 (1954)
No one knew, but it cannot be stressed too frequently, that for effective incantation knowledge is neither necessary nor assumed.
The Great Crash, 1929 (1954)
The values of a society totally preoccupied with making money are not altogether reassuring.
The Great Crash, 1929 (1954)
One of the uses of depression is the exposure of what auditors fail to find.
The Great Crash, 1929 (1954)
But there is still a considerable difference between a failure to do enough that is right and a determination to do much that is wrong.
The Great Crash, 1929 (1954)
Our political life favors the extremes of speech; the man who is gifted in the arts of abuse is bound to be a notable, if not always a great figure.
The Great Crash, 1929 (1954)
In 1929 the discovery of the wonders of the geometric series struck Wall Street with a force comparable to the invention of the wheel.
The Great Crash, 1929 (1954)
Wall Street's crime, in the eyes of its classical enemies, was less its power than its morals.
The Great Crash, 1929 (1954)
At best, in such depression times, monetary policy is a feeble reed on which to lean.
The Great Crash, 1929 (1954)
Of all the weapons in the Federal Reserve arsenal, words were the most unpredictable in their consequences.
The Great Crash, 1929 (1954)
Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.
The Great Crash, 1929 (1954)
The fact was that American enterprise in the twenties had opened its hospitable arms to an exceptional number of promoters, grafters, swindlers, impostors, and frauds.
The Great Crash, 1929 (1954)
The market had reasserted itself as an impersonal force beyond the power of any person to control, and, while this is the way markets are supposed to be, it was horrible.
The Great Crash, 1929 (1954)
Clerks in downtown hotels were said to be asking guests whether they wished the room for sleeping or jumping. Two men jumped hand-in-hand from a high window in the Ritz. They had a joint account.
The Great Crash, 1929 (1954)
I never enjoyed writing a book more; indeed, it is the only one I remember in no sense as a labor but as a joy.
The Great Crash, 1929 (1954)
In these matters, as often in our culture, it is far, far better to be wrong in a respectable way than to be right for the wrong reasons.
The Great Crash, 1929 (1954)
In accordance with an old but not outworn tradition, it might now be wise for all to conclude that crime, or even misbehavior, is the act of an individual, not the predisposition of a class.
The Great Crash, 1929 (1954)
Our political tradition sets great store by the generalized symbol of evil. This is the wrongdoer whose wrongdoing will be taken by the public to be the secret propensity of a whole community or class.
The Great Crash, 1929 (1954)
However, Hoover had converted the simple business ritual of reassurance into a major instrument of public policy.
The Great Crash, 1929 (1954)
The Coolidge Bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable.
The Great Crash, 1929 (1954)