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The Great Depression in the United States was a severe economic downturn that began in 1929 and lasted for about a decade.
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [229] though Hoover is widely credited with popularizing the term, [229] [230] informally referring to the downturn as a depression, with such uses as "Economic ...
The Great Depression: Delayed Recovery and Economic Change in America, 1929–1939 (1989) focus on low-growth and high-growth industries Bordo, Michael D., Claudia Goldin , and Eugene N. White, eds. The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (1998).
Depression Decade: From New Era through New Deal, 1929–1941 (1947), 462 pp. thorough coverage of the U.S.. economy Psalidopoulos, Michael, ed. The Great Depression in Europe: Economic Thought and Policy in a National Context (Athens: Alpha Bank, 2012).
No one really knows what the nation's economy will look like as we emerge from 14 months of the coronavirus pandemic, but the occasional parallels with the Great Depression were certainly ...
The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States. By the spring of 1937, production, profits, and wages had regained their early 1929 levels. Unemployment remained high, but it was substantially lower than the 25% rate seen in 1933.
Two years ago, a student at the University of Michigan asked Berkshire Hathaway (NYS: BRK.B) Vice Chairman Charlie Munger to compare the 2008 financial crisis to the Great Depression. Munger, as ...
Crowd at New York's American Union Bank during a bank run early in the Great Depression. Together, the 1929 stock market crash and the Great Depression formed the largest financial crisis of the 20th century. [45] The panic of October 1929 has come to serve as a symbol of the economic contraction that gripped the world during the next decade. [46]