Photo of an impoverished American family living in a shanty, 1936, by Dorthea Lange
Business and Economics

The Great Depression—A Catastrophe Felt Around the World

October 19, 2018

The Great Depression was an event that devastated not just American families and business, but also the lives of people and nations around the world. How did this chapter of history ultimately shape the face of the modern world? […]

Business and Economics

What Caused the Great Depression? Exploring the Smoot-Hawley Tariff

December 1, 2017

To see how economic mistakes can repeat time and again, you need look no further than recent history. The Great Depression was the result of a combination of protectionism, populism, and nationalism that combined with bad government policy to make a toxic brew that mired the U.S. and much of the world in an economic downturn for nearly a decade. These collapses demonstrate how easy it is to assume large-scale economic failures are isolated when in fact they are immersed in long-standing philosophies and can have immense global ramifications. […]