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China’s ambassador to the United States Xie Feng has said that the United States should avoid the mistakes from the Great Depression of the 1930s amid the escalating tariff war between the two ...

Trump increased tariffs on US imports to the highest levels in nearly a century. The Smoot-Hawley Tariff Act of 1930 raised tariffs and worsened the Great Depression. Prior to the Great Depression ...

Instead, the 31st president got the Great Depression. Trump, now championing his own sweeping tariffs that have sent global markets into a tailspin, argues that the US was founded on steep import ...

“By 1948, it become consensus belief across US political parties, and indeed throughout the world, that tariffs had helped cause the Great Depression and the Second World War,” he continued.

The worst market crash was seen in 1929 and led to the Great Depression. It was caused by speculative investments, excessive debt and banking system weakness. The Dot-Com Bubble collapse caused a ...

Spencer Platt / Getty Images The record-breaking losses have led people on social media to speculate about another Great Depression. CHARLY TRIBALLEAU / AFP via Getty Images @frogs4girls has a ...

President Donald Trump’s sweeping tariffs on nearly every nation and a stricken stock market have inspired 2nd Great Depression memes. On social media platforms like X and Bluesky, users are ...