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About this quote

What does it mean?
The depression's causes are external, and recovery is slowed by fear generated by outside forces.
In plain terms
Foreign issues caused the depression and fear about them is slowing our recovery.
What can you take from it?
External factors and fear of them can delay economic recovery.

Where it applies

  • policy response
  • economic analysis
  • public address

Putting it to work

  • focus on internal recovery
  • manage public anxiety

Questions to consider

  • How much do external forces impact domestic economy?

Another view

Domestic policy failures may also contribute significantly to depression.

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