In the larger view the major forces of the depression now lie outside of the United States, and our recuperation has been retarded by the unwarranted degree of fear and apprehension created by these outside forces.
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
Putting it to work
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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