Over the course of the decade, more than 15 million Americans lost their jobs. The effects of the Great Depression could be felt into the early 1940s. The unemployment rate jumped at a shocking speed.

T he definition of a recession can be pretty technical. The short version is if there’s a drop in gross domestic product (GDP ...

Trump’s tariff plan, which will go into effect on April 5, and the subsequent market drops ... which contributed to the Great Depression,” Moody’s Analytics chief economist wrote on X Thursday. “If ...

If we overestimate the costs of trade restrictions today, we make it harder to sell the public on free trade tomorrow.

The president also announced a 25 percent tariff on all foreign-made automobiles that took effect today (April ... Trump stated that the 1930s Great Depression could have been avoided if tariffs ...

“In 1930,” Stein deadpans, “the Republican-controlled House of Representatives, in an effort to alleviate the effects of the. . . Anyone? Anyone?” Silence. “The Great Depressio ...

However, the Great Depression had taken hold before the effects of Smoot-Hawley, ruling it out as a cause of the crisis, they added. "Smoot-Hawley impacted the U.S. economy at a vulnerable moment ...

This further aggravated the Great Depression. It hit economies who depended on international ... In addition to the US, other ...

Scholars disagree on the effects of the Smoot-Hawley tariffs. Few now argue, as they once did, that these tariffs caused the Great Depression — but many believe they exacerbated it. What no one ...

President Trump on Wednesday said that the 1930s Great Depression wouldn’t have happened ... announced a 10 percent tariff that will go into effect on Friday on all countries and announced ...

Investopedia / Jake Shi The Smoot-Hawley Tariff Act of 1930 increased import tariffs by about 20%, kicking off a global trade war that contributed to the Great Depression's ill effects.