Economic History

Crises, booms and how economies changed.

Stagflation of the 1970s: Why High Inflation and Unemployment Came Together

Stagflation mixed high inflation with high unemployment. Learn how oil shocks, policy errors and broken Phillips curve beliefs caused the 1970s crisis.

5 min read History

The Great Depression Explained: Causes, Spread and Lessons

The Great Depression cut output and jobs worldwide. Learn its causes, why banks failed, how the gold standard spread it and what changed.

5 min read