Discover the concept of underconsumption, its role in economic theory, and real-world examples like the auto industry during the Great Depression.

While modern economic downturns and crises, such as the 2008 financial crisis or recent inflation, have been challenging and created genuine hardship for millions of families, the sheer scale and ...

Herbert Hoover served as president through the first years of the Depression and was commonly seen as doing little to alleviate the country's problems. As a result, the name Hoover became a byword for ...

People stand on a breadline, early victims of the Great Depression, as they wait for food on New York’s Lower East Side in 1930. WASHINGTON — In the early days of the Great Depression, Rep. Willis ...

The Great Depression is remembered as the worst recession in modern U.S. history. By the end of 1932, the Great Depression had impacted roughly 60 million people. Some, including middle-class families ...

WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American ...