The Great Depression

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...
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Workers tend to a field of flowers, Thursday, April 23, 2020, in Oxnard, Calif., durin the coronavirus outbreak. (AP Photo/Mark J. Terrill)
April 23, 2020 - 10:50 pm
NEW YORK (AP) — Unemployment in the U.S. is swelling to levels last seen during the Great Depression of the 1930s, with 1 in 6 American workers thrown out of a job by the coronavirus, according to new data released Thursday. In response to the deepening economic crisis, the House passed a nearly $...
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This July 8, 2019, photo, shows cars to be exported at Kawasaki port, near of Tokyo. Japan’s exports sank 11.7% in March as the coronavirus pandemic slammed auto shipments to the U.S. The Finance Ministry said Monday, April 20, 2020 that exports to the U.S. fell 16.5% in March from a year earlier, while those to China declined 8.7%. (AP Photo/Koji Sasahara)
April 20, 2020 - 6:48 am
TOKYO (AP) — Japan’s exports sank 11.7% in March as the coronavirus pandemic slammed auto shipments to the U.S. and China, generally its two biggest markets. The Finance Ministry said Monday that exports to the U.S. fell 16.5% in March from a year earlier, while those to China declined 8.7%. Trade...
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In this April 8, 2020 photo, laborers wear facemasks to protect against the spread of the new coronavirus as they look at job postings at a labor market in Qingdao in eastern China's Shandong Province. China has reported its biggest economic decline since the 1970s as it fought the coronavirus in the first quarter of the year. (Chinatopix via AP)
April 17, 2020 - 3:37 pm
WASHINGTON (AP) — The 189-nation International Monetary Fund and its sister lending agency, the World Bank, on Friday pledged to step up their efforts to cushion the blow to the global economy from the coronavirus pandemic. The two agencies' assurance came at the end of their spring meeting where...
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In this April 13, 2020, photo, a couple walk through the capital city's popular shopping mall in Beijing. Chinese leaders have reopened factories and shops in an effort to revive the economy, but the consumers whose spending propels most of China's growth have been slow to return to shopping malls and auto dealerships. (AP Photo/Andy Wong)
April 16, 2020 - 4:44 am
BEIJING (AP) — China, where the coronavirus pandemic started in December, is cautiously trying to get back to business, but it’s not easy when many millions of workers are wary of spending much or even going out. Factories and shops nationwide shut down starting in late January. Millions of...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, April 16, 2020. Asian stocks were mostly lower Thursday after unexpectedly weak U.S. retail and other data added to gloom about the impact of the coronavirus pandemic. (AP Photo/Lee Jin-man)
April 15, 2020 - 11:44 pm
BEIJING (AP) — Asian stocks were mostly lower Thursday after unexpectedly weak U.S. retail and other data added to gloom about the impact of the coronavirus pandemic. Benchmarks in Tokyo, Hong Kong and Shanghai declined. On Wall Street, the benchmark S&P 500 index sank 2.2% after the U.S...
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A masked man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, April 15, 2020. Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. (AP Photo/Kin Cheung)
April 15, 2020 - 12:06 am
Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. Benchmarks in Tokyo and Hong Kong were flat while Shanghai and Sydney declined despite Wall Street's...
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People wearing masks walk past a mural depicting a coronavirus theme during the COVID-19 pandemic Tuesday, April 14, 2020, in Los Angeles. California Gov. Gavin Newsom on Tuesday unveiled an outline for what it will take to lift coronavirus restrictions in the nation's most populous state, asking more questions than answering them as he seeks to temper the expectations of a restless, isolating public. (AP Photo/Marcio Jose Sanchez)
April 14, 2020 - 10:31 pm
WASHINGTON (AP) — Governors around the U.S. began sketching out plans Tuesday to reopen their economies in a slow and methodical process to prevent the coronavirus from rebounding with tragic consequences, as President Donald Trump appeared to back off his claim of absolute authority to determine...
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The buildings of the banking district are seen in Frankfurt, Germany, early Tuesday, April 14, 2020. Due to the coronavirus the economy expects worldwide heavy losses. (AP Photo/Michael Probst)
April 14, 2020 - 9:52 am
WASHINGTON (AP) — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink 3% this year — far...
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In this undated image provided by Columbia University, Professor Alan Brinkley poses for a photo. Brinkley, an influential historian and academic who traced the evolution of liberalism from the New Deal to the 21st century and was a popular commentator on culture and politics, has died at age 70. Brinkley died Sunday, June 16, 2019, at his home in Manhattan. (Columbia University via AP)
June 17, 2019 - 1:32 pm
NEW YORK (AP) — Alan Brinkley, an influential historian and academic who traced the evolution of liberalism from the New Deal to the 21st century and was a popular commentator on culture and politics, has died at age 70. Brinkley died Sunday at his home in Manhattan. Daughter Elly Brinkley says he...
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