We provide new evidence that a disruption in credit supply played a quantitatively significant role in the unprecedented contraction of employment during the Great Depression. To analyze the role of ...

When the stock market crashed in 1929, ushering in the Great Depression, the way Americans approached food and cooking ...

We find a negative relationship between bank distress and the level, quality and trajectory of firm-level innovation during the Great Depression, particularly for R&D firms operating in capital ...

Farmers had already been struggling before the Great Depression. During the 1920s, the modernisation of farming, including the use of new fertilisers and farm machinery, had led to overproduction.

former Fed Chairman Ben Bernanke actually apologized for the Federal Reserve’s actions during the Great Depression, placing much of the blame on the Fed itself. Around the time of the Great ...

That depression coincided with the breakup of the Soviet Union, a large trading partner of Finland. During the Great Depression, the U.S. economy contracted by about 30 percent over a four-year period ...