QuoteProject
During the next four years...unless drastic steps are taken by Congress, the U.S. will have nearly 8,000,000 unemployed and will stand on the brink of a deep depression.
Henry A. Wallace
ShareWTF𝕏

Interpretation

What this quote means

This quote highlights the urgency for legislative action to prevent massive unemployment and economic depression.

Henry A. Wallace's quote emphasizes the dire consequences of inaction on employment and economic policy. He warns that without significant measures taken by Congress, the nation could face an alarming rate of unemployment, leading to severe economic downturns. This statement serves as a call to action for policymakers to address the looming crisis and safeguard the economy.

Themes

UnemploymentDepressionCongressActionEconomy

In practice

Example use cases

This quote can be used in a speech advocating for job creation policies.

More from Henry A. Wallace

It may be shocking to some people in this country to realize that, without meaning to do so, they hold views in common with Hitler when they preach discrimination against other religious, racial or economic groups.
Henry A. WallaceRead
They are patriotic in time of war because it is to their interest to be so, but in time of peace they follow power and the dollar wherever they may lead.
Henry A. WallaceRead
American fascism will not be really dangerous until there is a purposeful coalition among the cartelists, the deliberate poisoners of public information, and those who stand for the K.K.K. type of demagoguery.
Henry A. WallaceRead
Fascism is a worldwide disease. Its greatest threat to the United States will come after the war, either via Latin America or within the United States itself.
Henry A. WallaceRead
A fascist is one whose lust for money or power is combined with such an intensity of intolerance toward those of other races, parties, classes, religions, cultures, regions or nations as to make him ruthless in his use of deceit or violence to attain his ends.
Henry A. WallaceRead
This is a fight between a free world and a slave world.
Henry A. WallaceRead

Similar quotes

Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.
Robert ReichRead
It is a singular advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end purposed - that is, an extension of the revenue.
Alexander HamiltonRead
What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!
John Maynard KeynesRead
The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.
Milton FriedmanRead
Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
Thomas PikettyRead
The hidden hand of the market will never work without a hidden fist.
Thomas FriedmanRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.