“Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.” EconomicsFinanceUnemploymentGreat DepressionStock MarketWall Street Author:Andrew Mellon
“I see nothing in the present situation that is either menacing or warrants pessimism.” SituationDepressionPessimismGreat DepressionWarrantsPresent Situation Author:Andrew Mellon
“There is no cause to worry. The high tide of prosperity will continue.” CausesWorryDepressionProsperityTidesGreat Depression Author:Andrew Mellon
“The Government's business is in sound condition.” GovernmentSoundConditionsGreat Depression Author:Andrew Mellon
“I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.” YearsCountrySituationProgressEconomicActivityDepressionSpringPessimismSteadyRevivalGreat DepressionWarrantsPresent SituationSteady Progress Author:Andrew Mellon
