“To a few alarmed observers it seemed as though Wall Street were by way of devouring all the money of the entire world. However, in accordance with the cultural practice, as the summer passed, the sound and responsible spokesmen decried not the increase in brokers' loans, but those who insisted on attaching significance to this trend.”

— John Kenneth Galbraith, book The Great Crash, 1929

Source: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter V, The Twilight of Illusion, Section I, p. 68

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 "To a few alarmed observers it seemed as though Wall Street were by way of devouring all the money of the entire world. …" by John Kenneth Galbraith?

John Kenneth Galbraith207

American economist and diplomat 1908–2006

Related quotes

“Panic in Wall Street, brokers feeling melancholy.”

Scott Joplin (1868–1917) American composer, musician, and pianist

"Wall Street Rag" (1909)

“We are obviously all hurt by inflation. Everybody is hurt by inflation. If you really wanted to examine who percentage-wise is hurt the most in their incomes, it is the Wall Street brokers. I mean their incomes have gone down the most.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

At a conference on inflation, Washington, D.C. (September 19, 1974). In Report of the Health, Education, and Welfare, Income Security, Social Services Conference on Inflation (1974), pp. 804–5.
1970s

“It is generally my thesis then to insist on the importance of imagination in sex, to insist that the practice of sex, as performed among human beings, be accorded the same deliberate and playful application of fancy, imagination and intelligence as any other significant human activity.”

John Norman book Imaginative Sex

Imaginative Sex, Masquerade, 1997 New York, ISBN 1-56333-561-1, p. 13

“If nothing is done to counter present trends, the major fault line in American politics will no longer be between Democrats and Republicans, liberals and conservatives. It will be between the 'establishment'—political insiders, power brokers, the heads of American business, Wall Street, and the mainstream media—and an increasingly mad-as-hell populace determined to 'take back America' from them.”

Robert B. Reich (1946) American political economist

Aftershock https://en.wikiquote.org/wiki/Special:BookSources/0307594521: The Next Economy and America's Future, Reich, Knopf Doubleday Publishing Group (2010), p. 145