World Economy · Learn with evidence

History, with the outcomes attached

Start with the mechanism, follow the response, then ask what makes a modern comparison different.

Source summaries checked 2026-09-09. These are introductions, with links to the fuller historical accounts.

1929–1941 · Banking and deflation

The Great Depression

A downturn beginning in 1929 was followed by banking panics and a collapse in credit.

1965–1982 · Inflation and expectations

Inflation became a persistent problem across the late 1960s and 1970s. Energy shocks added pressure to an already difficult policy environment.

1994–1995 · Interest rates and employment

A recovering economy raised concerns that unusually low interest rates would become too stimulative.

1997–1998 · Currency and financial risk

A crisis beginning in Thailand in July 1997 spread across East Asia.

2007–2009 and recovery · Debt and financial contagion

Losses on mortgage-related assets exposed weaknesses in a highly connected financial system.

Compare starting conditions, responses, outcomes and limits beside the current article.

Read sourced explanations that connect economic ideas with events and historical context.

Test a hypothesis with real country observations, then export your evidence and conclusion.