Famous quotes containing the words economic depression, economic and/or depression:
“Economic depression can not be cured by legislative action or executive pronouncement.”
—Herbert Hoover (1874–1964)
“The Federated Republic of Europe—the United States of Europe—that is what must be. National autonomy no longer suffices. Economic evolution demands the abolition of national frontiers. If Europe is to remain split into national groups, then Imperialism will recommence its work. Only a Federated Republic of Europe can give peace to the world.”
—Leon Trotsky (1879–1940)
“The term clinical depression finds its way into too many conversations these days. One has a sense that a catastrophe has occurred in the psychic landscape.”
—Leonard Cohen (b. 1934)