Home
/
RELIGION & LIBERTY ONLINE
/
What caused the Great Depression?
What caused the Great Depression?
Apr 18, 2026 7:18 AM

Almost 90 years have passed since the beginning of the Great Depression and yet most of us are still unclear on what caused America’s greatest economic collapse. The causes and precursors plex, of course, but there are a few factors that we should know about. In this brief video, economist Alex Tabbarok provides one of the best overviews of what exactly occurred during this troubling period in economic history.

(If you find the pace of the videos too slow, I’d mend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Faith in the faith-based initiative
Joe Knippenberg raises three issues with respect to my critique of the faith-based initiative (here and here). He writes first, “any activity that depends upon money is potentially corrupting, whether the source is governmental or private…. Why governmental money is different from private in this regard isn’t clear to me.” I agree that the potential for corruption is present in both cases, but the immediate constituency differs from private to public funds. For the former, the donors are the immediate...
Giving credit where credit is due
A snippet from Ecumenical News International: Presbyterians invest $1 million in church ‘bank’ that helps poor New York (ENI). The Presbyterian Church (USA) has invested US$1 million in Oikocredit, an organization established by the World Council of Churches that assists people in poor countries start small businesses. The investment is the largest in Oikocredit over more than a decade, the church announced earlier this week, making the 2.4-million-member US denomination the second-largest investor in the institution set up in 1975....
The North American Church and global stewardship
In this week’s Acton Commentary, “The North American Church and Global Stewardship,” I note that blessed with extraordinary material riches, Christians in North America are increasingly viewing their stewardship responsibilities in a global context. I look at one school in British Columbia and how their local building project also raised funds for a school in Sierra Leone. Dennis DeGroot, principal of Fraser Valley Christian High School, writes and informs me, “The money ing in for the school project. The students...
More on the faith-based initiative
mentary last week on the situation of the Silver Ring Thing has occasioned some conversation on the Blog (here, here, here, and here). The consensus on the faith-based initiative seems to be that, in the words of William L. Anderson, they “were pointing out at the beginning that this was a bad idea, and that taking the state’s money ultimately would mean that the state would be interfering with the larger mission of these religious groups.” Contrariwise, Joseph Knippenberg, who...
Monasticism and the future of Europe
There’s a perceptive article by Christopher Levenick on the Weekly Standard’s site. It’s titled “Monkish: What the increase of monastic vocations in Italy could mean for European secularism”. First, the surpising data: Italy […] is often viewed as a case study in secularization. Yet across the peninsula, weekly attendance at Catholic Mass has been steadily climbing for two decades. In 1980, roughly 35 percent of Italians regularly attended the Mass; by 2000 that figure had climbed to nearly 50 percent....
The growing backlash against globalization
Actonites know about all the benefits of globalization. Most of these benefits are economic but also have much greater and often unseen social impact as well. Increased international trade in goods and services promotes division of labor and an efficient use of scarce resources, resulting in lower-priced, higher-quality products. The poor are often the greatest beneficiaries as both producers and consumers. People all over the e to recognize their increased interdependence, not only with their local grocer or tailor, but...
Costs and benefits of immigration
Hunter Baker at The Reform Club passes along a column by Maggie Gallagher that has him “rethinking” his position concerning illegal immigration. Gallagher notes, “Economic studies suggest that overall, immigration is a net wash, or a slight plus, for the American economy. But the pluses and minuses are not evenly distributed over the whole population: Lesser-skilled Americans pete for jobs that don’t require Ivy League credentials take the hit, while people like me enjoy a lot of the benefits.” Andrew...
In defense of private property
While there is a general acceptance of the role of private property for social order and economic prosperity, the challenges to private property have not ended. The eminent domain issue is one threat; es from environmentalist groups such as the Foundation for Deep Ecology and others who see humans as a drain on the earth and nature. Some environmentalists advocate the consolidation of land to be put under federal control and promote stringent land usage restrictions that would prevent a...
I Am David
If you haven’t seen it yet, I mend the film I Am David with Jim Caviezel and Ben Tibber. It is about a young boy, David, who escapes from a Bulgarian Prison Camp and undertakes a journey northward to Denmark. It is based on the children’s novel North to Freedom by Ann Holm. The movie contrasts the horror munist prison camp life with daily life of people in free societies. Normal everyday interactions of young David with a wealthy Italian...
Lent: freedom and responsibility
I would like to highlight another passage from Pope Benedict’s homily (mentioned below by Kishore) from last Sunday’s homily that has particular relevance to our work at Acton: We have listened together to a famous and beautiful passage from the Book of Exodus, in which the sacred author tells of God’s presentation of the Decalogue to Israel. One detail makes an immediate impression: the announcement of the Ten Commandments is introduced by a significant reference to the liberation of the...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved