The contraction from 1929 to 1933 was by far the most severe business-cycle contraction during the near-century of U.S. history we cover and it may well have been the most severe in the whole of U.S. history.

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