A year ago investors were panicking and there was talk of another Depression.

仅仅是在一年前，投资者依然深陷恐慌之中，大危机再次来临的声音不绝于耳。

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QUESTION FROM NOEL CASSIDY: to prevent another depression what would you sacrifice?

诺尔·卡西迪的问题：为了防止另一次萧条，你会牺牲什么？

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If you think that another Depression might be around the corner, better to be careful and save more.

如果你认为下一个萧条可能会出现，现在最好谨慎并且保存更多资金。

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Another big depression hit in 1857.

857年的经济大萧条

耶鲁公开课 - 美国内战与重建课程节选

Because of the bold, swift, and coordinated action we took, we can stand here today and say we prevented another depression.

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From the moment we first took action to prevent another depression, we knew the road to recovery would not be easy.

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This would take years to play out, and could cause another depression.

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