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Great Depression

Stiglitz Explains the Great Depression

Robert Teitelman | Posted 02.20.2012 | Business
Robert Teitelman

By now seemingly everyone with access to a blog has contributed to the theory Joseph Stiglitz offers up in, of all places, the new Vanity Fair, about the causes not just of the Great Depression, but analogously, what he calls our own "Long Slump."

This Economic Depression Will Run Until 2031

Matthew Lynn | Posted 02.15.2012 | Business
Matthew Lynn

The great 19th century depression lasted for more than two decades. The 21st century equivalent won't necessarily last quite so long -- but it isn't going to be over soon.

What Was Missing in Kansas: the Greatest Generation's Political Power

Harvey J. Kaye | Posted 02.12.2012 | Fifty
Harvey J. Kaye

The men and women who saved the nation from economic destruction and political tyranny, and went on to create the middle class and turn the United States into the strongest and most prosperous nation on earth, didn't do so simply by having the right values and working hard to achieve them.

Global Economic Crisis Is Now a Depression: Paul Krugman

Sheldon Filger | Posted 02.11.2012 | Business
Sheldon Filger

Since the onset of the global economic crisis, policymakers and media pundits have resisted using the "D" word, instead preferring terms such as the "Great Recession."

Diego Rivera Occupies MOMA

Bernard Starr | Posted 02.11.2012 | Arts
Bernard Starr

If you saw Diego Rivera's mural, Frozen Assets, on a poster at Zuccotti Park, you might have been tempted to see if the paint had dried, since the mural speaks so specifically to the moment and graphically grasps the heart and soul of Occupy Wall Street.

In Europe, Much More Than A Shared Currency Hangs In The Balance

The New York Times | Paul Krugman | Posted 07.29.2013 | Business

It’s time to start calling the current situation what it is: a depression. True, it’s not a full replay of the Great Depression, but that’s cold...

PHOTOS: John Baldessari's $100,000 Bill... Board

Posted 12.09.2011 | Arts

It's no big shocker that we are not at our finest economic hour, but John Baldessari may have stumbled upon a solution to our money woes. All this tim...

Alexander Eichler

Jay Carney: Economists Didn't Know How Bad The Recession Would Get | Alexander Eichler | Posted 12.09.2011 | Business

White House Press Secretary Jay Carney made a surprising assertion on MSNBC Wednesday, saying that in early 2009, as Barack Obama was taking office, t...

A Feast for the 1%, a Famine for the One Third

David Woolner | Posted 01.23.2012 | Politics
David Woolner

The fact that one in three Americans now lives in poverty or just above the poverty line provides us with another distressing link between the Great Recession and the Great Depression.

The Ten Most Prosperous Thanksgivings

24/7 Wall St. | Charles B. Stockdale, Ashley C. Allen. Douglas A. McIntyre, and Michael B. Sauter | Posted 11.23.2011 | Business

From 24/7 Wall St.: Thanksgiving is one of the few national holidays which is distinctly American, although there is a "Turkey Day" in Canada, too. Th...

The 7 Most Overrated Time Magazine Persons of the Year

Mark Juddery | Posted 01.21.2012 | Media
Mark Juddery

It's that time again, when we start to ponder that age-old question: who will be Time magazine's Person of the Year?

Astoria Characters: The Church Lady

Nancy Ruhling | Posted 01.08.2012 | New York
Nancy Ruhling

Eileen Cuhaj, a plain, serious soul with a wisp of white hair and wire-rim spectacles that make her brown eyes sparkle, was raised a good Catholic girl. All these years, she has called upon her faith to sustain her.

The Great Deflation

Robert Kuttner | Posted 01.06.2012 | Business
Robert Kuttner

With the latest unemployment numbers, the evidence keeps accumulating that this will be a prolonged economic stagnation. The unemployment rate is not as bad as that of the Great Depression, but in some respects the prognosis is equally grim.

America 2012: Read the News, Drink Alka-Seltzer

Dan Agin | Posted 01.04.2012 | Books
Dan Agin

In this crazy political time we need to read about Hell on Earth -- dystopia -- so that we know what to look for when it comes sneaking around the corner dressed up in fashionable clothes.

Confusing Morality With Duty: It's the Reason You Keep Paying Your Underwater Mortgage and Overpriced Credit Cards

Nicholas Carroll | Posted 01.02.2012 | Business
Nicholas Carroll

In 2011 walking away from an underwater home or usuriously high credit card interest is not only moral -- it's good citizenship.

What's a Jew to Do?

Amy B. Dean | Posted 01.02.2012 | Politics
Amy B. Dean

There is a reason why a majority of Americans have a favorable opinion of Occupy Wall Street. You don't have to be an occupier to share their frustration. Finally, a populist movement even a reformer can love.

Astoria Characters: The Woman Clothed in History

Nancy Ruhling | Posted 01.02.2012 | New York
Nancy Ruhling

Pearl Gould's Uncle Elie and Aunt Esther started the Broadway Silk Store during the Great Depression, and it looks much as it did when Hoover was president. Like Pearl, it's stitched together by time.

Occup(ied) America: A Literary History

Joe Woodward | Posted 12.26.2011 | Books
Joe Woodward

As I've watched and listened to the nascent movement "Occupy Wall Street," I've been driven to reread a favorite book of mine about America -- The American 1930s: A Literary History.

The 10 Most Impoverished States

Reuters/The Huffington Post | Posted 09.25.2012 | Business

(Lisa Lambert) - The ranks of the poor rose in almost all U.S. states and cities in 2010, despite the end of the longest and deepest economic downturn...

Occupy Wall Street and American Corporate Fascism

Dan Agin | Posted 12.19.2011 | Media
Dan Agin

The Occupy Wall Street movement is an outburst (really a scream of pain) provoked by a politico-economic condition that's almost a replica of the past.

The All-American Occupation

Steve Fraser | Posted 12.13.2011 | Politics
Steve Fraser

If Occupy Wall Street signals the end of our own, atypical period of acquiescence, could a return to a version of "class warfare" that would, once upon a time, have been familiar to so many Americans be on the horizon? Finally!

We've Survived Much Worse. This Was It.

Peter Samuelson | Posted 12.11.2011 | Politics
Peter Samuelson

Every recession feels like the end of the world to those hurt by it. Sometimes the best thing a struggling society can do is to remember how it was ab...

Leonhardt on Why the Great Depression Was Good

Robert Teitelman | Posted 12.12.2011 | Business
Robert Teitelman

How can we get back to that marvelous age of the '50s with its amazing economic growth, low unemployment, great equality of incomes and world supremacy? The answer is: suffer through a slump that lasts a decade and that scars every American.

Can Writers Learn From The Great Depression?

Posted 12.06.2011 | Books

"There are plenty of people who will write for free." Jason Boog has heard this argument before. "'Writers are complaining? There are more pres...

Homeownership Rates Take Their Biggest Drop Since The Great Depression

The Huffington Post | Alexander Eichler | Posted 12.06.2011 | Business

During his presidency, George W. Bush spoke of his vision for an "ownership society," an America where anyone and everyone who wanted to could stake a...