How Did FDR End Roosevelt’s Recession?

The 1937 recession happened during the post-World War II recovery period. The recovery began in 1933 and reached a pinnacle during WWII. The 1937 recession existed in the shadow of the Great Depression until the 2008 financial crisis reignited interest in mid-recovery contractions. The recent recession’s resemblance to the Great Depression has spurred interest in […]

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How Do Tariffs Affect GDP?

Tariffs raise costs and restrict available quantities of goods and services for U.S. firms and consumers, resulting in lower income, reduced employment, and poorer economic production, according to historical evidence. Do tariffs help the economy grow? Despite strong public and political opinions, scientific evidence on the growth consequences of import tariffs is scarce in the […]

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