The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression is commonly used as an example of how intensely the global economy can decline.
The US unemployment rate jumped to 14.7% in April. It's the highest it's been since the Great Depression. According to Business Insider, the April jobs report shows that more than 20 million jobs were..
U.S. stocks clawed back losses for a second day in a row in a volatile session but Friday's gains were not enough to stop the week from the biggest stock market drop since March. Conway G. Gittens has..
U.S. retail sales suffered a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home. As Fred Katayama reports, it puts the U.S. economy on track for..
Germany reported on Monday that new coronavirus infections were accelerating exponentially after early steps to ease its lockdown, news that sounded a global alarm even as businesses opened from Paris..
The latest figures from the Labor Department released on Friday showed the U.S. economy losing 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression. Colette Luke has..
According to the US Bureau of Labor Statistics, the US unemployment rate jumped to 14.7% in April, the highest level since the Great Depression. Over 47 million Americans could lose their jobs in the..
President Donald Trump’s economic adviser warned the U.S. may hit double-digit negative growth. Kevin Hassett also warned the U.S. unemployment rate may rise to 16-17%. According to Business Insider,..
(Reuters) - Wall Street tumbled for a second straight day on Tuesday as a collapse in U.S. oil prices and glum forecasts by companies foreshadowed the worst economic slump since the Great Depression...
The World Trade Organization says that due to the coronavirus pandemic, global trade is likely to fall between 13% and 32%. According to Business Insider, the WTO warns that in a worst-case scenario,..
The coronavirus pandemic triggered the steepest monthly loss of U.S. jobs since the Great Depression, data showed on Friday, and a second White House aide tested positive, raising questions over.. Reuters - Published
The coronavirus pandemic triggered the steepest monthly loss of U.S. jobs since the Great Depression, government data showed on Friday, while Michigan and California prepared to put people back to work.. Reuters - Published
The coronavirus pandemic triggered the steepest monthly loss of American jobs since the Great Depression, the U.S. government said on Friday, while Michigan and California prepared to put people back.. Reuters - Published
Confirmed infections neared 2 million, with more than 120,000 dead, and the I.M.F. predicted the worst global downturn since the Great Depression. New York City passed 10,000 fatalities. NYTimes.com - Published
Highlights of this day in history: Franklin D. Roosevelt is sworn in as president and vows to lead America out of the Great Depression; President Ronald Reagan takes responsibility for the Iran-Contra.. USATODAY.com - Published
Herbert Hoover had been president for less than a year when the Crash of 1929 initiated the Great Depression, an epochal event in American history that would place his name near the bottom of.. CBS News - Published
President at the start of the Great Depression, he was an engineer and business magnate, hailed as a humanitarian who fed millions during World War I, and an innovator who introduced standardized.. CBS News - Published
Notorious gangster John Dillinger was killed in 1934 in Chicago. He was known as public enemy number one during the height of the Great Depression. After his death, there were many conspiracy theories.. CBS News - Published
One of the great comfort foods of all time, macaroni and cheese has been an American staple since it was served by Thomas Jefferson at a White House state dinner in 1802, while Kraft made it an.. CBS News - Published