Home
/
RELIGION & LIBERTY ONLINE
/
What caused the Great Depression?
What caused the Great Depression?
Mar 10, 2026 12:33 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
The Cartwrights and cowboy compassion
I was watching my favorite rerun on TV Land the other day, Bonanza. If you don’t know Bonanza, you should. It’s perhaps the classic TV western, and I was watching episode #68 from Season Three, “Springtime.” One of Ben Cartwright’s friends, Jedidiah Milbank is injured during a roughousing mud-wrestling match between Adam, Hoss and Little Joe. As reparation Ben volunteers the three boys to take care of Milbank’s business for him. It just so happens that there are three tasks,...
A swiftly tilting economics
I was waiting for the shuttle this morning when it struck me–an idea, I mean, not the shuttle. We talk a lot here at the Acton Institute about how economics needs morality and morality needs economics; or, as Fr. Sirico phrased it in his NRO salute to Ed Opitz, “Christianity qua Christianity [offers] no specific economic model any more than economics qua economics has any specific moral model to proffer—which is precisely why they both need each other.” I’ve thought...
Ancient wisdom for an old problem
Washington lawmakers are falling all over themselves to pass legislation aimed at curbing corruption in high places. But, as Kevin Schmiesing points out, the most effective solution to the problem has been known for hundreds of years: limited government and moral restraint. Read the mentary here. ...
The right to be ignorant
One of my favorite websites to check out on occasion is Professor Plum’s EducatioNation, and the first quote on the homepage is this from Thomas Jefferson: “If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.” [Thomas Jefferson to Charles Yancey, 1816] To underscore the relevancy of Jefferson’s point, a recently released study by the new McCormick Tribune Freedom Museum “found that 22 percent of Americans could...
He said it
Yesterday I mended Professor Plum’s EducatioNation, and I’ll do so again today. Here’s a tidbit from a recent post titled “We Need More Unions” on Prof. Plum’s blog: “Once again, America’s teachers unions reveal that all their blather about being child centered, about being stewards of America’s children, and about social justice and diversity, is nothing but a disguise for their real interest—which is self-preservation via monopolistic control of the means of education.” Prof. Plum, who daylights as a master’s...
Economic advice pro Bono
An interesting piece in Tuesday’s Financial Times (registration req.) by Jagdish Bhagwati, economist at Columbia University. In the form of a letter to U2 front man Bono, Dr. Bhagwati offers a (I think) stinging criticism of attempts to save Africa through appeals for more governmental spending. (This is especially interesting since Bono plays off the songsheet of another Columbia economist Jeffrey Sachs.) If you can find a copy of the article, I highly mend it, but in the meantime, here...
Beginning “The End of Poverty”
Although I am a year behind here, I have just started reading Jeffrey Sachs’s The End of Poverty: Economic Possibilities for Our Time, paperback just released by Penguin (with a foreword by Bono!). I’ll avoid the urge ment on everything that strikes me this or that way in the book–and I most certainly am not going to try to go head to head with Sachs on economic matters. But, being a student of language, I would like to point out...
The ‘Crunchy’ Con-versation
If you haven’t seen it yet, NRO is hosting a special blog worth taking a look at: CrunchyCon. The discussion is on the thesis of Rod Dreher’s new book, Crunchy Cons: How Birkenstocked Burkeans, gun-loving organic gardeners, evangelical free-range farmers, hip homeschooling mamas, right-wing nature lovers and their diverse tribe of countercultural conservatives plan to save America (or at least the Republican Party). Participants include the author, NRO’s Jonah Goldberg, Caleb Stegall (editor of the New Pantagruel), Frederica Mathewes-Green, and...
God and GM foods
In the latest issue of Science & Spirit magazine, Acton director of research Samuel Gregg is interviewed about the ethical aspects of the genetic engineering of food. In “God and the New Foodstuffs,” author Trey Popp writes about the opposition to such endeavors: Some scientists and environmentalists fear GM crops may have unforeseen consequences. Many organic and small-scale farmers see the new crops as an economic threat; there have been cases in which GM corn has contaminated nearby fields, ruining...
A time of flux for Electrolux
An interesting news story on local Grand Rapids television last night concerning the long awaited closing of an Electrolux plant. While the story was fair and optimistic, I got a bit of a kick out of soundbite from Chicago writer Richard Longworth who said: “A wonderfully decent way of life is now just being undermined by productivity, by the global economy.” Now, losing a job can be a terrible thing (its worth noting, though, that one of the workers in...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved