Home
/
RELIGION & LIBERTY ONLINE
/
What caused the Great Depression?
What caused the Great Depression?
Mar 26, 2026 4:46 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
Created imago Dei
Winners of the 2005 Acton Essay Competition have been announced. The topic for the 15th petition: The human person, by virtue of being created imago Dei, is an independent being, individually unique, rational, the subject of moral agency, a co-creator, and inherently social. Accordingly, human persons possess intrinsic value and dignity, implying certain rights and duties with respect to the recognition and protection of the dignity of themselves and other persons. These truths about the human person’s dignity are known...
Foreign aid vs. economic freedom II
Jay Richards’ previous post on Richard Rahn’s article “Not Rocket Science” illustrates Huxley’s famous statement about a fact destroying a theory. Jay quotes Rahn’s lists of the politicians and development experts who support increased foreign aid. It’s no longer just politicians and economists. Bono’s One Campaign is designed to get the developed nations to contribute 1 percent of their GDP to foreign aid for the poorest countries. No doubt Bono and many other supporters have good intentions. But good intentions...
‘The look of love’
If I may, I’d like to highlight one more section from the Holy Father’s new encyclical that has particular relevance to the work here at Acton (although, I agree wholeheartedly with Kishore below: one really must read the whole thing–it’s fantastic): Love of neighbour is thus shown to be possible in the way proclaimed by the Bible, by Jesus. It consists in the very fact that, in God and with God, I love even the person whom I do not...
Agog and Aghast at Google
A number of bloggers have expressed grave concerns over Google’s decision to odate the demands of munist government in its web search offerings in China. David Mills at Mere Comments writes that Google is “serving a brutal government and helping it oppress its people, even if its service will prove only partially effective.” plains that Google’s motives are purely pecuniary, and that pany is only acceding to the government’s wishes because “If it didn’t help the Chinese government oppress its...
Driven a Ford lately?
If you’re like most Americans, the answer is probably “No.” Faced with loss of market share and declining revenues, Ford announced a restructuring plan that would cut nearly a quarter of its workforce and close 14 plants over the next six years. The moves are intended to bring the auto giant back to profitability by 2008. What has caused petitiveness of Ford to plummet? It’s part of the larger trend among American automakers. Ford’s “Way Forward” plan was preceded by...
What was that saying about power?
From the Washington Post, a snippet from Hugo Chavez, discussing Bolivia’s recently elected president, Evo Morales: “We have to create, one, two, three Bolivias in Latin America, in the Caribbean,” [Chavez] said echoing a quotation from Argentine hero Ernesto Che Guevara. “Only aiming for power can we transform the world.” Why do I get the idea Chavez didn’t do so well in his history classes? ...
Celebrating Bonhoeffer
PBS stations across the country will be airing Bonhoeffer, “an acclaimed dramatic documentary about theologian Dietrich Bonhoeffer. The documentary “tells the story of the young German pastor who offered one of the first clear voices of resistance to Adolf Hitler and the rise of the National Socialist (Nazi) Party.” The shows will air on Monday, February 6, celebrating the 100th anniversary of Bonhoeffer’s birth on February 4, 1906. You can check your local listings here for dates and times when...
Pope Benedict on limited government
Pope Benedict’s long-awaited first encyclical letter, Deus Caritas Est, was published this morning in Rome. The English translation of it can be found on the Vatican website by clicking here. There’s obviously much to reflect on in this fairly short letter on Christian love, but a few aspects may be of particular interest to readers of this blog. The pope cites a number of political philosophers, such as Nietzsche, Descartes, Aristotle, Plato, St. Augustine (several times), and Marx. Besides revealing...
Foreign aid vs. economic freedom
The abstract arguments for economic freedom are great for those of us who, well, like abstract arguments. But sometimes, there’s no substitute for some good, solid empirical data. That’s just what economist Richard Rahn delivers in this article in the Washington Times. If you don’t have time to read the 2006 Heritage Foundation/Wall Street Journal “Index of Economic Freedom,” at least read Rahn’s summary of it. He starts: Suppose you were appointed global economic czar, and your task was to...
Anti-religious hysteria
Check out this challenging essay on Spiked by Frank Furedi, “The curious rise of anti-religious hysteria.” His main point is that while religious belief is misplaced, it shouldn’t be replaced with another sort of secular fundamentalism. It turns out Furedi himself is just a believer in rationalism: “Superstition and prejudice should continually be countered by rational argument. But the vitriolic invective hurled at Christian believers today is symptomatic of the passions normally associated with a fanatical Inquisitor.” Of course “superstition”...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved