Economic Depression

In this updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession.

The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in US history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come.

For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. In America's First Great Depression, Alasdair Roberts describes how the United States dealt with the economic and political crisis that followed the Panic of 1837.

The stock market crash of 1929 didn’t cause the Great Depression by itself, but it is a powerful symbolic starting point to the greatest economic disaster of the 20th century. On that dark day in October 1929, fortunes were lost, and fear of financial insecurity rose throughout the United States and the world. In 1932, the low point of the Depression, as much as a third of Americans were out of work, and even more people were unemployed in other countries. The stock market reached its lowest point ever and wouldn’t rise to its pre-Depression levels for almost 20 years.

"Surviving the Great Depression" offers a gripping look at a crucial moment in American history. It breaks down the economic and social struggles of the era, making them easy to understand for everyone. The book highlights the lasting impact of policies from that time and the resilience of the American people. This essential read provides valuable lessons from the past, offering insights and inspiration for today’s challenges.

The two great financial crises of the past century are the Great Depression of the 1930s and the Great Recession, which began in 2008. Both occurred against the backdrop of sharp credit booms, dubious banking practices, and a fragile and unstable global financial system. Pain and suffering were widespread.

The New Deal shaped our nation's politics for decades, and was seen by many as tantamount to the "American Way" itself. Now, in this superb compact history, Eric Rauchway offers an informed account of the New Deal and the Great Depression, illuminating its successes and failures.

Worried about Recession, Oil Prices, and the Stock Market? Read Jason Schenker's new book, Recession-Proof! It has 222 pages of actionable strategies you can take now, as an individual, to make yourself Recession-Proof! This book was featured on CNBC TV on 22 February 2016. In Recession-Proof, world-ranked financial forecaster Jason Schenker shares with you the tricks and secrets that make Fortune 500 companies and high-net-worth individuals run to him when the economy goes south. World-class economic advice has never been so accessible, or so empowering. You owe it to yourself and your ...

The Great Depression was one of the most trying eras in American history. All aspects of the US were affected. After the stock market crash of 1929, the nation was thrust into a decade of turmoil and change - in government, the economy, and culture. Many of the changes brought about by the Great Depression remain today.

Shortly after arriving in the White House in early 1933, Franklin Roosevelt took the United States off the gold standard. His opponents thought his decision unwise at best and ruinous at worst. But they could not have been more wrong. With The Money Makers, Eric Rauchway tells the absorbing story of how FDR and his advisors pulled the levers of monetary policy to save the domestic economy and propel the United States to unprecedented prosperity and superpower status.

On October 23, 1932, the New York Times ran the article, “Roosevelt Asserts Administration Acts Led to World Crisis,” which reported on presidential candidate Franklin Roosevelt’s visit to Louisville, Kentucky. Speaking to fifteen thousand people, Governor Roosevelt attacked President Herbert Hoover’s policies and accused Hoover of changing his view as to the cause of the economic depression. Specifically, Roosevelt accused Hoover of falsely blaming foreign nations for the US financial collapse. He also stated that the Republican administration was responsible, since it failed to ...

In 1920-1921, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most 21st-century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No "stimulus" was administered, and a powerful, job-filled recovery was under way by late 1921. Yet by 1929, the economy spiraled downward as the Hoover administration adopted the policies that Wilson and Harding had declined to put in place.

The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which was generated by government intervention in the economy. Had this book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject.

In this timely new P.I . Guide, Murphy reveals the stark truth: free market failure didn't cause the Great Depression and the New Deal didn't cure it. Shattering myths and politically correct lies, he tells why World War II didn't help the economy or get us out of the Great Depression; why it took FDR to make the Depression "Great"; and why Herbert Hoover was more like Obama and less like Bush than the liberal media would have you believe.

The decade-long Great Depression, a period of shifts in the country's political and social landscape, forever changed the way America eats. Before 1929, America's relationship with food was defined by abundance. But the collapse of the economy, in both urban and rural America, left a quarter of all Americans out of work and undernourished - shattering long-held assumptions about the limitlessness of the national larder.

What Can We Learn from the Great Depression? draws on the voices of individual working people to tell the stories left out of standard histories of that era, and helps us imagine how to address our own failed economy, and how to imagine and build movements challenging it that do not themselves replicate racism and patriarchy.

The New York Times best-selling author of The Roaring 2000s guides listeners through the biggest economic crisis since the Great Depression. The first and last economic depression that you will experience in your lifetime is just ahead. The years 2009 and 2010 will be the initial end of prosperity in almost every market, ushering in a downturn like most of us have not experienced before.

In the minds of historians and the American public alike, Franklin Delano Roosevelt was one of our greatest presidents, not least because he supposedly saved America from the Great Depression. But as historian Jim Powell reveals in this groundbreaking book, Roosevelt's New Deal policies actually prolonged and exacerbated the economic disaster.

The Great Recession that began in 2007 is now more than four years old - and counting. Some 24 million Americans are unemployed or underemployed, and at recent rates of job creation we won’t be back to normal levels of employment until late this decade. This is a tragedy. Do we have to accept it? "No!" is the resounding answer given by Nobel Prize-winning economist Paul Krugman in this call to arms. We have seen this situation before and we know how to fix it; all we lack is the political will to take action.

Facts are presented that indicate serious problems are present in the U.S. financial system that directly affect the welfare of the U.S. and other countries of the world. The author believes that there is great danger of an economic collapse in the years to come unless serious action is taken to correct the ever increasing U.S. National Debt and budget deficits. Actions are described that people can take to prepare for an economic collapse.