4 Market Crash Quotes for You to Enjoy

Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated. Elaine Chao

Work World Other Back Market Market Crash Destroyed Jobs Had Instead Fell Trade Were Been Effectively Up Stock Stock Market Tariff America Get American Just Nations After Crash Act Europe Exports World Trade Third Two-Thirds

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem. Ben Bernanke

Problem Events Financial Other Market Market Crash Latin Latin American Crises Crisis Remains Instability Remind Reminded Concern Mexican Debt Stock Stock Market Wall Wall Street American Did Crash Us Should Street

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

Future People Wealth Made Market Market Crash Spending Destroy About Rather More Consumers Highly Unsure Particularly Make October Waited Led Stock Very Stock Market Stop Crash Information Them Pessimistic Companies Large Income Amount