President Trump on Wednesday said that the 1930s Great Depression wouldn’t have happened if tariffs had continued, while announcing his massive tariff plan to hit trading partners. The president ...

As experts sound the alarm that risk of a U.S. recession is rising, a former Federal Reserve official is comparing the fallout from President Donald Trump’s tariffs to the aftermath of a protectionist ...

WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American ...

The Smoot-Hawley Tariff Act of 1930 is blamed for deepening the Great Depression. Don’t tell that to the Trump administration, which just unveiled the toughest tariffs in almost a century.

Thoughts of the Great Depression most often conjure up images of gloom and despair, soup kitchens, or transients looking for any kind of work. Perhaps it was too early yet to feel the worst of its ...

• The claim uses 1930 income figures that captured only the richest 10% or so of Americans, which skews the comparison with typical incomes from the entire population today. • One federal statistic ...