“Your system was liable to periodical convulsions…business crises at intervals of five to ten years, which wrecked the industries of the nation.”

—  Edward Bellamy

Source: Looking Backward, 2000-1887 http://www.gutenberg.org/ebooks/25439 (1888), Ch. 22.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Your system was liable to periodical convulsions…business crises at intervals of five to ten years, which wrecked the i…" by Edward Bellamy?
Edward Bellamy photo
Edward Bellamy 58
American author and socialist 1850–1898

Related quotes

Jennifer Egan photo

“This is the music business. 'Five years is five hundred years' - your words.”

Jennifer Egan A Visit from the Goon Squad

Source: A Visit from the Goon Squad

Barbara W. Tuchman photo

“The Hundred Years' War, like the crises of the Church in the same period, broke apart medieval unity.”

Barbara W. Tuchman book A Distant Mirror

Source: A Distant Mirror (1978), p. 594

Arthur F. Burns photo

“Business cycles are a type of fluctuation found in the aggregate activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions, and revivals which merge into the expansion phase of the next cycle; this sequence of changes is recurrent but not periodic; in duration business cycles vary from more than one year to ten or twelve years; they are not divisible into shorter cycles of similar character with amplitudes approximating their own.”

Arthur F. Burns (1904–1987) American economist and diplomat

Arthur F. Burns and George W. Mitchell (1946). Measuring business cycles. New York: National Bureau of Economic Research. p. 3; Cited in: Robert J. Gordon, ed. The American Business Cycle: Continuity and Change, 1986. p. 2

Mike Pompeo photo

“Over the five, ten, twenty-five year time horizon, just by simple demographics and wealth, as well as by the internal system in that country, China presents the greatest challenge that the United States will face in the medium to long-term.”

Mike Pompeo (1963) 70th United States Secretary of State, former Director of Central Intelligence Agency and former Congressman fro…

Pompeo: China Is Biggest Threat to the United States, Breitbart, (10 December 2018)
2018

Alexander Hamilton photo

“If the system of perfect liberty to industry and commerce were the prevailing system of nations,”

Alexander Hamilton Report on Manufactures

Report on Manufactures (1791)
Context: If the system of perfect liberty to industry and commerce were the prevailing system of nations, the arguments which dissuade a country in the predicament of the United States, from the zealous pursuits of manufactures would doubtless have great force. (...) But the system which has been mentioned, is far from characterising the general policy of Nations. The prevalent one has been regulated by an opposite spirit. The consequence of it is, that the United States are to a certain extent in the situation of a country precluded from foreign Commerce. They can indeed, without difficulty obtain from abroad the manufactured supplies, of which they are in want; but they experience numerous and very injurious impediments to the emission and vent of their own commodities. (...) In such a position of things, the United States cannot exchange with Europe on equal terms, and the want of reciprocity would render them the victim of a system, which should induce them to confine their views to Agriculture and refrain from Manufactures. A constant and increasing necessity, on their part, for the commodities of Europe, and only a partial and occasional demand for their own, in return, could not but expose them to a state of impoverishment, compared with the opulence to which their political and natural advantages authorise them to aspire.

Vikram Sarabhai photo

“A national programme which would provide television to about 80% of India’s population during the next ten years would be of great significance to national integration, for implementing schemes of economic and social development and for the stimulation and promotion of electronic industry. It is of particular significance for population living in isolated rural countries”

Vikram Sarabhai (1919–1971) (1919-1971), Indian physicist

His priority in 1974 quoted in "Communication and National Development".

Edward St. Aubyn photo

“The tragedy was that five or perhaps ten years of decent five-day-a-week analysis could have mitigated the problem significantly.”

Edward St. Aubyn (1960) British writer

At Last, Chapter 7

Harold Wilson photo

“The period of 15 years from the last time we were in Scarborough, in 1960, to the middle of the 1970s, will embrace a period of technical change, particularly in industrial methods, greater than the whole of the industrial revolution of the last 250 years.”

Harold Wilson (1916–1995) Former Prime Minister of the United Kingdom

Leader of the Opposition

Gautama Buddha photo

“Monks, a lay follower should not engage in five types of business. Which five? Business in weapons, business in human beings, business in meat, business in intoxicants, and business in poison.”

Gautama Buddha (-563–-483 BC) philosopher, reformer and the founder of Buddhism

5.177: Vanijja Sutta https://www.accesstoinsight.org/tipitaka/an/an05/an05.177.than.html, as translated by Thanissaro Bhikkhu (2001)
Source: Pali Canon, Sutta Pitaka, Anguttara Nikaya (Numerical Discourses)

Related topics