The Great Depression Video

Historical Topics Covered:

The Business Cycle
Margin Lending
Government Inflation of Money Supply
Interest Rates
Herbert Hoover’s Programs
Disintegration of the World Economy
Smoot – Hawley Tariff
The New Deal
The Gold Standard
National Recovery Administration (NRA)
Works Progress Administration (WPA)
The Wagner Act

Questions to Ponder and Discuss:

  1. Why did the Depression of 1920-1921 last one and a half years but the Great Depression last over 10 years?
  2. Describe the Federal Reserve’s monetary policy before and after 1928.
  3. What role did credit expansion and contraction play in the Great Depression?
  4. How did central bank policy concerning the money supply affect the economy before and after 1928?
  5. Did buying stocks on margin play a large part in the stock market crash of 1929?
  6. What effect did the Smoot-Hawley Tariff have on global trade and the Great Depression?
  7. Did raising income taxes shorten the Great Depression?
  8. Did President Hoover’s programs prevent or shorten the Great Depression?
  9. Did government employment programs shorten the Great Depression?
  10. What effect did the Wagner Act have on the Great Depression?
  11. Why did President Roosevelt eliminate the gold standard?

Additional Reading:

The Forgotten Depression of 1920, Thomas E. Woods, Jr.
The Depression You’ve Never Heard Of: 1920-1921, Robert P. Murphy


Great Myths of the Great Depression, Lawrence W. Reed


America’s Great Depression, Murray N. Rothbard


The Great Depression, Hans F. Sennholz


Economic Depressions: Their Cause and Cure, Murray N. Rothbard


Fresh Debate About FDR’s New Deal, Jim Powell


Did the Gold Standard Cause the Great Depression?, Mark Skousen


A Basic History of the United States, Vol. 4, Clarence B. Carson
A Basic History of the United States, Volume 4: The Growth of America, 1878-1928


A Basic History of the United States, Vol. 5, Clarence B. Carson
The Welfare State 1929-1985 (A Basic History of the United States)