Economic Forces Quotes



At the time most people did not realize that the ability of a nation or land area to support a population was dependent more on agricultural and industrial productivity than on population size. In the most affluent and developed countries, land outside of the cities is quite affordable and available, whereas in poor, underdeveloped nations, land distribution and reform is still a factor. The majority of citizens of many developed, affluent nations do not own any land.


President Hoover asked a group of prominent citizens to make recommendations to him regarding rumors of instability in the stock market. 10 days later was Black Tuesday where the stock market crashed and started the great depression.


Knute the Great, King of Norway and England, was said to have attempted to control the tides. This was given by an early historian, Henry of Huntington, 1084-1155, as an example of the fallibility of kings as opposed to God.