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  2. Panic of 1873 - Wikipedia

    en.wikipedia.org/wiki/Panic_of_1873

    A bank run on the Fourth National Bank No. 20 Nassau Street, New York City, from Frank Leslie's Illustrated Newspaper, 4 October 1873. The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain.

  3. Austerity - Wikipedia

    en.wikipedia.org/wiki/Austerity

    The nuance of the economic logic of Keynesianism is, however, difficult to put across to the American Public, and compares poorly to the simplistic message which blames government spending, which might explain Obama's preferred position of a halfway point between economic stimulus followed by austerity, which led to him being criticized by ...

  4. Subsidy - Wikipedia

    en.wikipedia.org/wiki/Subsidy

    For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity. Here, subsidies act as an effective financial aid issued when the economy experiences economic hardship. [3]

  5. Musk asks voters to brace for 'hardship' from spending cuts ...

    www.aol.com/elon-musk-asks-voters-brace...

    Instead, he said, investors are scrutinizing both campaigns’ economic proposals broadly. With Trump’s, he said, they fear his plans could prompt a resurgence in inflation.

  6. What is a Conservative? Understanding how the term works in ...

    www.aol.com/conservative-understanding-term...

    Economic Hardship Reporting Project and Teen Vogue dive into the origins of the word "conservative" and what it means in modern context.

  7. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  8. Great Depression - Wikipedia

    en.wikipedia.org/wiki/Great_Depression

    The novel focuses on a poor family of sharecroppers who are forced from their home as drought, economic hardship, and changes in the agricultural industry occur during the Great Depression. Steinbeck's Of Mice and Men is another important novella about a journey during the Great Depression.

  9. Elon Musk says Trump's economic plans could cause ... - AOL

    www.aol.com/elon-musk-says-trumps-economic...

    Speaking on a telephone town hall on Friday, Musk said spending cuts imposed by the commission would “necessarily involve some temporary hardship.” Elon Musk says Trump's economic plans could ...