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About this quote

What does it mean?
The 1929 crash humanized the powerful elites.
In plain terms
The 1929 crash showed rich people are also human.
What can you take from it?
Crisis reveals shared vulnerability across classes.

Where it applies

  • historical analysis
  • economic crisis
  • social commentary

Putting it to work

  • study crisis impacts
  • humanize economic narratives

Questions to consider

  • What does crisis reveal?
  • How does wealth shield suffering?

Another view

The powerful may recover faster than others.

More from John Kenneth Galbraith

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  2. Men have been swindled by other men on many occasions. The autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling the…

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  3. In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It …

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