Iran-Iraq war drained over $1T from the combined economies of Iran and Iraq

Iraq invaded Iran in 1980, drawing the new Islamic Republic into a devastating eight-year war

Just a year after the revolution, Saddam Hussein invaded Iran, hoping to exploit its post-revolutionary instability. The brutal conflict killed hundreds of thousands in one of the century's deadliest conflicts and forced Khomeini's government to consolidate power.

Beyond oil, the Iran war is pushing up costs on fertilizer, prescriptions, and mortgages, too

Gas is up 27% since fighting began, but the Strait of Hormuz also carries a third of the world's fertilizer, petrochemicals used in generic drugs, and helium for semiconductor manufacturing. Mortgage rates have climbed back above 6.4%, and economists warn $130 oil could tip the U.S. into recession.

Iran’s 1979 revolution sparked a second oil shock—and reconfigured global energy markets

Widespread strikes in Iran’s oil sector during the 1978-79 revolution slashed production and triggered panic buying, flooding oil markets with fear.

Air pollution in war-torn Iran unleashes invisible toxic threats

Burning oil depots and bombed buildings are endangering the health of millions of people during the 2026 attacks. Heavy metals from munitions and other damaged materials are going airborne, but the exact health implications depends on dose, wind currents, and other factors including preexisting health conditions.

See how the rivalry between Iran and Israel has remade the Middle East

This 2025 documentary explores how the relationship between Iran, Israel, and the United States has shaped Middle Eastern geopolitics for decades. The film covers events leading up to and following the 2025 12-day war involving these nations.

Organized crime, including money laundering, drains $1.96T from the global economy annually

Overall, financial crime drains $3T from the global economy, with organized crime making up nearly $2T of that total. Drug trafficking is the second-largest drain on the global economy.

Ranking the world’s economies: 1980 vs. 2025

The US remains the world’s largest economy, having increased its annual gross domestic product from $2.9T in 1980 to $30.6T in 2025. In 1980, China ranked seventh globally with a GDP of $304B. In 2025, China ranked second with a GDP of $19.4T.

The Iraq War, in photos

2023 marked the 20th anniversary of the start of the Iraq War. The U.S. carried out its first airstrikes in Iraq on March 20, 2003 – during a phase of ‘shock and awe’. Fires burning in and around Baghdad; U.S. soldiers on patrol; Iraqi...

Britain extracted nearly $45T from India during colonial rule

Between 1765 and 1938, Britain drained an estimated $45T in today’s dollars from India through taxes, resource extraction, and coerced trade—wealth that helped Britain’s economic rise while contributing to widespread poverty in the colony.

Visualizing the multibillion dollar cost of US weather disasters

The US has sustained 332 weather and climate disasters since 1980 where overall damages/costs reached or exceeded $1B (including CPI adjustment to 2022). The total cost of these 332 events exceeds $2.275T.

The US restaurant industry generates over $1T in sales

In 2024, the industry brought in $1.1T, and the National Restaurant Association anticipated reaching $1.5T in 2025, numbers that are considered a return to normal after the tumultuous years of the COVID-19 pandemic. The industry also employs a large workforce, with over 13 million employees. (Some readers may experience a paywall.)

Iran's Revolutionary Guard Corps is independent of Iran's regular army and is one of the most powerful and influential military-political organizations in the Middle East.

Immigrants generated about $1.7T in economic activity in 2023 and paid roughly $652B in taxes

This economic output surpasses their 14.3% share of the US population, and their labor force participation rate of nearly 67% is higher than the approximately 62% rate for US-born workers.

The failures of the interwar period made the case for a new international system

After World War I, countries devalued their currencies, raised tariffs to block imports, and seized territory unchecked, with the international community unable to organize effectively to stop them. The result was a global depression and, eventually, another world war.

NASA economic impact (and budget history)

It's estimated that for every dollar NASA spends on its programs, $8 is produced in US economic growth. With a 2023 budget of roughly $25 billion, that means NASA helped create $200 billion in economic value. The administration's investments pay off so massively due to the technologies it develops, many of which become commercially appealing. Dive into the economic impact of NASA's development here.

In 2024, the US committed about $82.3B to foreign aid.

That year, 67.2% of foreign aid was for economic purposes, and the remaining 32.8% was for military purposes. Israel received more US foreign aid than any other country in 2024.

The Russia-Ukraine war greatly affected the global food supply

Russia's invasion devastated Ukraine's agricultural sector, destroying farms, ports, and grain infrastructure and causing over $40B in losses. Disrupted exports fueled global food insecurity, while Moscow leveraged its grain exports to expand influence across the Global South.

Roughly $5T of stimulus money flooded the economy during the pandemic

Recessions can last anywhere from months to years. To encourage economic growth, governments use policy levers such as lowering interest rates or introducing a stimulus. Economists credit massive stimulus funds for helping the economy quickly recover from a recession during the COVID-19 pandemic.

The US loses roughly $400B a year in productivity due to sleep deprivation

For an article about a woman who built a business empire telling bedtime stories, the Hustle created this graphic showing the estimated GDP loss associated with chronic insomnia. The United States had a much more significant loss than other countries.

Auto and consumer goods companies absorbed billions in costs due to President Trump's 2025 tariffs

Detroit's three automakers combined paid $6 billion in tariffs in 2025. Procter & Gamble raised prices on 25% of its products, and supply chain experts estimate that 80-85% of all tariff costs were absorbed domestically—either by companies or consumers.

Sovereign wealth funds in the Middle East and Asia surged after the 2008 financial crisis

As the stock market plummeted in 2008, SWFs with cash on hand were able to snap up critically undervalued assets that eventually posted large profits. The Government of Singapore Investment Corp. and Abu Dhabi Investment Authority invested $14.4B in Citigroup, resulting in a $1.6B profit for the GSIC when it sold half of the holdings in 2009.

A trade war is an economic conflict where nations impose tariffs or other trade barriers on each other in retaliation for similar actions

The US-China trade war is one example. While they aim to protect domestic industries, they can lead to higher prices for consumers and strained international relations.

Death taxes have helped fund wars since the 1860s

Death taxes date back to 700 BCE and were used in Ancient Rome and Ancient Egypt. In the US, they've been used to finance wars since the Civil War, and have been levied on both the estate and beneficiary. The estate tax created during WWI to help finance war efforts is still in effect today.

It cost the IRS $0.36 to collect $100 in 2024

It costs the IRS a significant amount of money to do part of its job—collecting money. For instance, the Internal Revenue Service spent $16.1B to collect $4.7T in taxes in 2023.

Economic stagnation and the arms race pushed the USSR toward collapse

By the 1980s, chronic economic stagnation and soaring military costs forced Gorbachev to launch sweeping reforms—perestroika and glasnost—to revive the Soviet system. Instead, openness fueled independence movements across the republics, accelerating the regime’s rapid downfall.

Watch contemporary footage covering the US-backed Shah of Iran fleeing the country in the face of the 1979 Iranian Revolution

North Korea, in nine infographics

In recent decades, North Korea has spent nearly a third of its annual Gross Domestic Product on military spending, although data is not always forthcoming. This spending has funded major nuclear and missile projects as a means to deter attacks from...

US consumers collectively owe more than $1T to credit card companies—almost as much as they owe in auto loans.

Calculate how much of your tax dollars go to each federal program based on your income, filing status, and number of children

The Russia-Ukraine conflict is the largest ground war in Europe since World War II in casualties, forces mobilized, and displacement of civilians.

The US dollar is the most widely circulated currency in the world, and is involved in nearly 90% of global transactions

The United States has had a tumultuous relationship with Cuba since its 1959 revolution, highlighted by a nuclear crisis and a decades-long trade embargo.

Before the current East Wing ballroom project, only two White House renovations in the past 100 years cost more than $10M.

Stanford built a Google Maps for the Roman Empire, revealing how much it cost to travel in the ancient world

See how Ebola tore through Guinea, Sierra Leone, and Liberia in 2014-2016.

Some renewable energy sources may weaken the resiliency of electric grids by removing outage buffers provided by coal- and natural gas-fired plants, which provide the system with more time to find a new power source if a plant goes down.

About 2,000 US babies are born annually without some portion of their limbs, potentially leading to a lifetime of pricey prosthetics.

Art theft is the third-largest source of criminal revenues worldwide, thanks in part to the subjective nature of valuing a work of art.

The American Society of Civil Engineers' infrastructure report card gave the US a C in 2025, its highest grade since the project launched in 1998.

In 1984, Operation Smash Hit intentionally crashed a 239-ton train into a nuclear waste canister at 100 miles per hour to prove the canister's safety, which remained completely intact and lost just 0.29 of its 100 pounds of pressure.

Urushiol, the oily toxin in poison ivy, can remain allergenic on clothing for years.

Sunflowers have long been a symbol of nuclear disarmament because they can extract large amounts of radioactive cesium from soil.

The most expensive ad of all time was for Chanel No. 5 perfume and cost roughly $33M to produce in 2004—about $57M in today's dollars.

Louisiana's 'Cancer Alley' is infamous for having some of the highest industrial pollution, toxic air emissions, and cancer risks in the US.

Alzheimer's can lead to brain shrinkage, with an average of around 2% of volume reduction per year

To reduce wrinkles in clothing, research recommends gentle wash cycles with more water and tumble drying with smaller loads and longer times.

Jimmy Carter signed a 1978 bill that legalized home brewing, a move credited with kick-starting the craft beer industry.

An initial public offering or 'IPO' is the process of a private company becoming public by putting shares of the company on the stock market for purchase.

Fast-casual restaurant Chili's is experiencing a resurgence, with its parent company recently reporting a nearly 32% increase in sales, thanks to passionate Gen Z fans on TikTok.

For centuries, it was common to sleep in two shifts: a few hours at the beginning of the night, and a longer period beginning around midnight