Recalling the conditions in 1930s Germany that gave rise to Adolf Hitler, Kornai warned that ‘economically induced disillusionment provides a fertile breeding ground for demagogy, cheap promises ...

The Great Depression began with "Black Tuesday" on Oct. 29, 1929, when a panic selloff triggered a stock market collapse, wiping out thousands of investors who had borrowed heavily.

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.

“Other countries retaliated. Global trade collapsed, and the Great Depression was on,” Bullard said. “So, I think that’s really what has people worried about this.” ...

The Great Depression began with “Black Tuesday” on Oct. 29, 1929, when a panic selloff triggered a stock market collapse, wiping out thousands of investors who had borrowed heavily.

The Great Depression began with “Black Tuesday” on Oct. 29, 1929, when a panic selloff triggered a stock market collapse, wiping out thousands of investors who had borrowed heavily.