Great Depression
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The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and in
Unemployed people lined up outside a soup kitchen opened in Chicago by Al Capone, February 1931
A Lone Driller's Water Break drinking from a battered pan during the Texas oil boom in Kilgore, Texas, 1939
Crowd gathering at the intersection of Wall Street and Broad Street after the 1929 crash
Willis C. Hawley (left) and Reed Smoot in April 1929, shortly before the Smoot–Hawley Tariff Act passed the House of Representatives
Neoliberalism
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Neoliberalism is a political and economic ideology that advocates for free-market capitalism, which became dominant in policy-making from the late 20th century onward. The term has multiple, competing
Friedrich Hayek
Ronald Reagan (left) and Margaret Thatcher (right) were responsible for the popularisation of Neoliberalism.
Ludwig Erhard
Pamphlet calling for a protest of economic policy in 1983 following the economic crisis