The Great Depression was the worst economic downturn in modern history, fundamentally reshaping the global economy. What began as the Roaring Twenties,a time of prosperity, jazz music, and wealth, ...

Characteristics The characteristics of an economic depression. Although the modern United States has only experienced one true depression, they have happened enough elsewhere and across time that ...

The charge about the old days of the American economy—the nineteenth century, the “Gilded Age,” the era of the “robber barons”—was that it was always beset by a cycle of boom and bust ...

There is no consensus definition for "depression." Harvard University economist Robert Barro defines it as a decline in per-person economic output or consumption of more than 10%, and puts the ...

What Was the Great Depression? When Did It Happen? The longest recession in American history took place between 1929 and 1939. Known as the Great Depression, ...

Economics is a proud discipline. It has long seen itself as the premier social science and with the major natural sciences part of the core of the intellectual apparatus of modern society. It ...

According to the theory of underconsumption, a capitalist economy invariably tends toward a state of persistent depression. Other modern economic theories find that inadequate consumer demand ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...