When Doris Taylor became paralysed, her mother was advised to put her in a Home for Incurables. Instead, Doris helped elect a reforming South Australian premier and founded a national institution.
Crises fueled by bank runs, starting with the Great Depression, have had something in common: Unexpected changes spur bank failures, followed by general panic and then large-scale economic distress.
Shannon Bow O'Brien, The University of Texas at Austin College of Liberal Arts
Thousands of volunteers joined the military during World War I. But when the war ended and the Great Depression began, the volunteers wanted a bonus to be paid in 1932, not in 1945 as planned.
Until Diamond and Dybvig published key papers in the early 1980s, it wasn’t well understood that perfectly healthy banks could be brought down by panicking depositors.
Sydney’s Domain, Melbourne’s Dudley Flats and the banks of the River Torrens in Adelaide were just a few places where communities of people experiencing homelessness sprung up in the early 1930s.
US President Calvin Coolidge hasn’t gone down in history for his triumphs or failures as president during the 1920s – but his dry sense of humor carries on.
A bipartisan group of senators proposed the gas tax should be indexed to inflation to help pay for new infrastructure spending, an approach Biden calls ‘regressive.’
The US faces many of the same problems Germans faced after World War II: how to reject, punish and delegitimize the enemies of democracy. There are lessons in how Germany handled that challenge.