A Quote by Heather Cox Richardson

When the 1929 crash wiped out disposable income, there were not enough consumers to fuel a recovery.

Heather Cox Richardson

Quote Topics

Consumers Crash Disposable Enough Fuel Income Out Recovery Were

Quote Author

Heather Cox Richardson
American - Historian

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

Christina Romer

They were the darkest of times, the years following the crash of the stock market in 1929. Thousands of people across the United States were cast out of their Jobs, off their farms, out of their homes and apartments, and into the crushing depths of poverty.

Kathi Appelt

We were racing at circuits where there were no crash barriers in front of the pits, and fuel was lying about in churns in the pit lane. A car could easily crash into the pits at any time. It was ridiculous.

Jackie Stewart

If old consumers were assumed to be passive, then new consumers are active. If old consumers were predictable and stayed where you told them, then new consumers are migratory, showing a declining loyalty to networks or media. If old consumers were isolated individuals, then new consumers are more socially connected. If the work of media consumers was once silent and invisible, then new consumers are now noisy and public.

Henry Jenkins

High gas prices are eating away at consumers disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel.

Major Owens

Oil is a special case. Saudi Arabia is trying to drive U.S. fracking rivals out of business, while also hurting Russia. This lowers gas prices for U.S. and Eurozone consumers, but not by enough to spur economic recovery.

Michael Hudson

I told them that my grandfather had died in the Great Crash of 1929 - a stockbroker jumped out of a window and crushed him and his pushcart down below.

Mario Cuomo

If every trace of any single religion were wiped out and nothing were passed on, it would never be created exactly that way again. There might be some other nonsense in its place, but not that exact nonsense. If all of science were wiped out, it would still be true and someone would find a way to figure it all out again.

Penn Jillette

Everything is disposable now: disposable lighters, disposable blades, disposable stars. They inflate you up for one big deal and then they look for someone else.

Rex Smith

I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.

Eric Yuan

The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more.

Nouriel Roubini

The first time I had disposable income, the two things I cared most about were a television and a couch.

Seth Meyers

Too much of the income gains go to too few people, even though all of the stakeholders worked together to make their companies successful. By failing to put enough income into more hands, the GDP grows slower and consumers manage to meet their needs by incurring high levels of debt.

Philip Kotler

Herbert Hoover failed through no fault of his own. The Crash of 1929 and the Great Depression were beyond his control, and every remedy he tried failed adequately to work.

Pat Buchanan

The mistake I really learned from was in 2005, leading the Indianapolis 500. I had a decision whether or not to save enough fuel to finish the race - which meant slowing down - or going all-out for the win. I went conservative and saved enough fuel to go to the end but finished fourth.