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Recession The Causes of Recessions

Recession The Causes of Recessions

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 This episode provides an in-depth examination of the Great Depression, the worst economic catastrophe in American history. It explores how the stock market crash of October nineteen twenty nine triggered a decade-long collapse that saw unemployment reach twenty five percent, GDP fall thirty percent, and thousands of banks fail. The episode analyzes the multiple causes including extreme inequality, rampant speculation, Federal Reserve policy errors, and adherence to the gold standard. It contrasts Herbert Hoover's inadequate response with Franklin Roosevelt's aggressive New Deal programs that transformed the role of government in economic life. The episode draws uncomfortable parallels between Depression-era mistakes and current policy trends, questioning whether we've forgotten crucial lessons about regulation, inequality, and crisis response.
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