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, ...

This is a modern-day depression. It is not the 1930s because, as economist David Rosenberg of Gluskin Sheff points out, "The soup lines have been replaced with unemployment payment checks.

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 ...

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 ...

Policymakers are hoping that the modern economy will come roaring back when things “open up,” but disagree about when that can or should happen and exactly what it means.

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 ...

Many people in Washington fear that the country is starting to spiral into a terrible downturn. And to their horror, they see the public and many members of Congress more interested in punishing Wa… ...

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 ...

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 ...