Quotessence
Home / Quotes / Quote by Andrew Mellon

Quote by Andrew Mellon

“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.”

Quote by Andrew Mellon

Create image

Author

Andrew Mellon
Andrew Mellon

Andrew Mellon was the former United States Secretary of the Treasury, born on March 24, 1855, and died on August 26, 1937. He had a profound impact on the financial and business sectors, serving as the chairman of several companies. more

You May Also Like

“Above all, wealth was no longer to be flaunted. While an ostentatious displays of money might have been de rigueur in the Golden Twenties, it was decidedly out of fashion in the desperate days of the Destitute Thirties. The splashy parties the socialite once gave and attended in the twenties in New York and Palm Beach now dwindled to a trickle and were replaced with charity teas, and fund raisers.”

CharityGreat DepressionSocialitesRoaring TwentiesPalm Beach EntertainingFund RaisersGolden TwentiesNew York Entertaining
Book:American Empress: The Life and Times of Marjorie Merriweather Post
Create image

“The longing for rain has become almost an obsession. We remember the gentle all-night rains that used to make a grateful music on the shingles close above our heads... But we waken to another day of wind and dust and hopes deferred, of attempts to use to the utmost every small resource, to care for the stock and poultry as well as we can with our scanty supplies, to keep our balance and to trust that upon some happier day our wage may even yet come in.”

Great Depression
Book:Letters from the Dust Bowl
Create image

“Full-blooded democracy still remains a brave new experiment, the history of ancient Athens notwithstanding. It would be unwise to assume that its victory across the globe is inevitable, for democracy is not always a simple mode of governing. It is almost forgotten that one reason why in this century the world stood three times on the verge of chaos — during two world wars and one world depression — was that the leading democracies were almost as prone to accidents and blunders as were their authoritarian rivals.”

DemocracyGreat DepressionWorld Wars
Book:In Our Time: The Issues and The People of Our Century
Create image

“(but) for many in the city, the name Hoover had become a term of abuse. Hoover blankets were the sheets of old newspapers that the homeless wrapped themselves in to keep warm, Hoover leather was the cardboard they used to cover the holes in the soles of their shoes, and Hoover flags were their empty pants pockets turned inside out— the visible proof of their destitution as they held out their hands for alms. And at night they slept in Hoovervilles— shantytowns made of cardboard, tin, and scraps of broken wood.”

New York CityManhattanGreat Depression1929 2008 Depression2 0President Hoover
Book:The Palace at the End of the Sea
Create image