As far as economic events go, true depressions are rare. Over the last century, the Great Depression of the 1930s was the only economic downturn in the U.S. that earned the distinction of being ...

Was 2008 a recession or depression? If we’re defining a depression as a period when the GDP falls more than 10%, no. GDP in the U.S. fell 4.3% from peak to trough during the 2008 recession ...

In the most basic of definitions, an economic depression is a severe form of recession that is prolonged over many years and causes a decline in gross domestic product (GDP) of at least 10% per year.

Several factors led to the Great Depression, one of the most severe economic crises in U.S. history. NPR interviewed economists who discussed the causes of the Great Depression.

Donald Trump warned of a 1920s-style economic depression and a World War III in the opening moments of a Tuesday press conference from Mar-a-Lago. The former president declared this is the “most ...

War and Economy: A History of Inflation, Deflation, and Depression. Posted: March 15, 2025 | Last updated: March 15, 2025. The film discusses the historical impact of price controls during wars in ...

Most historians look back on the Smoot-Hawley Tariffs Act of 1930 as a mistake that made a bad economic climate much worse. But tariffs have a new champion in President Donald Trump.

A number of factors contributed to the Great Depression, economists tell NPR. During the 1920s, known as the Roaring Twenties, the economy was growing and the stock market was thriving.