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The Great Depression began with "Black Tuesday" on Oct. 29, 1929, when a panic selloff triggered a stock market collapse, wiping out thousands of investors who had borrowed heavily.
Several factors led to the Great Depression, one of the most severe economic crises in U.S. history. NPR interviewed economists who discussed the causes of the Great Depression.
Economics almost always waves off taxation as significant among the causes of the Great Depression. When we wrote our income tax history of the United States, Taxes Have Consequences, it became ...
Donald Trump claimed Wednesday that the United States entered the Great Depression as a result of turning its back on the policy of placing tariffs on other countries in favor of an income tax.
Unfortunately, with the Great Depression creeping around the corner in 1929, migration — and the progress it brought — was about to change again. A Second Wave.
Trump, now championing his own sweeping tariffs that have sent global markets into a tailspin, argues that the U.S. was founded on steep import taxes on goods from abroad. But the country began ...