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In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no depression of such dimensions. There might have been a normal cyclical recession; but, with the usual timing, even that readjustment probably would not have taken place at that particular period, nor would it have been a "Great Depression."

— Herbert Hoover The Memoirs of Herbert Hoover: The Great Depression, 1929-1941 (1952)

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More quotes by Herbert Hoover

Honor is not the exclusive property of any political party.

Older men declare war. But it is youth that must fight and die. And it is youth who must inherit the tribulation, the sorrow and the triumphs that are the aftermath of war.

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Blessed are the young, for they shall inherit the national debt.

The use of the atomic bomb with its indiscriminate killing of women and children, revolts my soul.

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Quote text and notes from Wikiquote: Herbert Hoover (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.