Acton Institute Powerblog

What caused the Great Depression?

Almost 90 years have passed since the beginning of the Great Depression and yet most of us are still unclear on what caused America’s greatest economic collapse. The causes and precursors are complex, of course, but there are a few factors that we should know about. In this brief video, economist Alex Tabbarok provides one of the best overviews of what exactly occurred during this troubling period in economic history.

 

(If you find the pace of the videos too slow, I’d recommend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).