The Great Depression

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 29, 2020. Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. (AP Photo/Eugene Hoshiko)
June 28, 2020 - 11:56 pm
BANGKOK (AP) — Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. Tokyo’s Nikkei 225 index lost 1.3% in early trading. Shares also fell in Hong Kong, Sydney, Shanghai and South Korea. Investors have been...
Read More
FILE - In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. (AP Photo/Jens Meyer, File)
June 24, 2020 - 1:58 pm
WASHINGTON (AP) — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year,...
Read More
June 08, 2020 - 11:15 am
WASHINGTON (AP) — The World Bank said Monday the world is facing an unprecedented health and economic crisis that has spread with astonishing speed and will result in the largest shock the global economy has witnessed in more than seven decades. Millions of people are expected to be pushed into...
Read More
FILE- In this file photo taken Thursday, April 30, 2020, Women carrying their children lineup to receive vegetables from the Jan Hofmeyer community services in the Vrededorp neighborhood of Johannesburg. South Africa is struggling to balance its fight against the coronavirus with its dire need to resume economic activity. The country with the Africa’s most developed economy also has its highest number of infections — more than 19,000. (AP Photo/Jerome Delay, file)
May 28, 2020 - 7:40 pm
UNITED NATIONS (AP) — The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a...
Read More
People prepare the terrace of their restaurant in Boulogne-Billancourt, outside Paris, Thursday, May 28, 2020. France is reopening its restaurants, bars and cafes starting next week as the country eases most restrictions amid the coronavirus crisis. Edouard Philippe defended the gradual lifting of lockdown up to now, saying the strategy was meant to avoid provoking a second wave. (AP Photo/Christophe Ena)
May 28, 2020 - 1:40 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. — U.N. chief warns of historic levels of famine. — South Africa eases...
Read More
Chairs are spaced out for social distancing at a temporary coronavirus testing facility for casino employees at the Las Vegas Convention Center, Thursday, May 21, 2020, in Las Vegas. (AP Photo/John Locher)
May 22, 2020 - 4:16 pm
HONOLULU (AP) — The coronavirus pandemic has been particularly brutal to the tourism-dependent economies of Nevada and Hawaii, lifting the unemployment rate in both states to about one-quarter of the workforce. Nevada topped the nation with an April unemployment rate of 28.2%, the worst any state...
Read More
A migrant laborer's family ia silhouetted as they proceed towards their village on foot, following a lockdown amid concern over spread of coronavirus in New Delhi, India, Saturday, March 28, 2020. Some of India's legions of poor and others suddenly thrown out of work by a nationwide stay-at-home order began receiving aid on Thursday, as both public and private groups worked to blunt the impact of efforts to curb the coronavirus pandemic. The measures that went into effect Wednesday, the largest of their kind in the world, risk heaping further hardship on the quarter of the population who live below the poverty line and the 1.8 million who are homeless. (AP Photo/Altaf Qadri)
May 13, 2020 - 3:38 pm
UNITED NATIONS (AP) — The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the 1930s. The U.N.’s mid-year report said the impact of the coronavirus crisis is expected to slash global...
Read More
FILE - This Aug. 11, 2019 file photo shows credit cards in New Orleans. U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday, May 7, 2020. (AP Photo/Jenny Kane, file)
May 12, 2020 - 2:32 pm
WASHINGTON (AP) — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices. And excluding the normally volatile categories of food and energy...
Read More
In this May 7, 2020, photo, the entrance to the Labor Department is seen near the Capitol in Washington. The record unemployment rate reflects a nation ravaged by the coronavirus pandemic, the economic devastation upending the presidential campaign and forcing President Donald Trump to overcome historic headwinds to win a second term. (AP Photo/J. Scott Applewhite)
May 09, 2020 - 12:44 am
NEW YORK (AP) — The record unemployment rate reported on Friday captured the pain of a nation where tens of millions of jobs suddenly vanished, devastating the economy and forcing President Donald Trump to overcome historic headwinds to win a second term. Just a few short months ago, Trump planned...
Read More
FILE - In this March 1933, file photo, President Franklin D. Roosevelt delivers his first radio "fireside chat" in Washington. The New Deal was a try-anything moment during the Great Depression that remade the role of the federal government in American life. (AP Photo)
April 25, 2020 - 1:02 pm
WASHINGTON (AP) — The New Deal was really a series of new deals, spread out over more than six years during the Great Depression — a menu of nationally scaled projects that were one part make-work and many parts lasting impact. They delivered a broad-shouldered expression of presidential authority...
Read More

Pages