The Great Depression and the New Deal Quotes

“The average American has the feeling that work..is the only dignified way of life...While theoretically, economic activities are supposed to be the means to the good life, as a matter of fact it is not the end, but the means themselves, that have the greater prestige.”
― Eric Rauchway, The Great Depression and the New Deal: A Very Short Introduction

“Every free-born American has a right to name his own necessities.”
― Eric Rauchway, The Great Depression and the New Deal: A Very Short Introduction

“Postwar debts differed from prewar borrowing. New World borrowers spent nineteenth-century British loans on railroads and ranches, building the capacity to repay their lenders. Belligerent borrowers spent wartime American loans on shot and shell, destroying that capacity. Nations wounded in war borrowed more money to repay their debts, sometimes borrowing from America to pay other belligerents who in turn paid America.”
― Eric Rauchway, The Great Depression and the New Deal: A Very Short Introduction