Capitalism and greed did not cause the Great Depression of the 1930s. Nor did they cause the Great Recession of 2007–2009.

The claim that American incomes are lower now than during the Great Depression — the longest, deepest economic downturn in U.S. history — is false and ridiculous. Pants on Fire!

WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American ...

Trump says high tariffs may have prevented the Great Depression. History says different. By WILL WEISSERT The Associated Press, Updated April 8, 2025, 12:15 a.m.

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.

“The Great Depression was a singular event in our history, so I think it is unlikely that Trump’s 25% tariffs lead to an economic calamity on that scale,” Witcher said.