A depression is a severe and prolonged downturn in economic activity. A depression may be defined as an extreme recession that lasts three or more years or that leads to a decline in real gross ...

Forbes contributors publish independent expert analyses and insights. When the economy goes south, when “capitalism” fails, government at its best comes in and spends money, restoring the system to ...

The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

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 farmers and ...

The measure helped worsen the Great Depression, experts said. President Donald Trump announced expansive tariffs during a Rose Garden ceremony on Wednesday, fulfilling his promise from the campaign ...