EPISODE · Mar 19, 2014
16.2. The Depression: Causes and Responses
from American Capitalism: A History
The Great Depression plunged the United States, and much of the world, into crisis. As the depression deepened, people looked to President Roosevelt for answers. Roosevelt pledged a "New Deal" for the American people, but despite having one name, the New Deal did not have a coherent economic philosophy. The New Deal experimented with policy, unleashing a torrent of legislation directed at almost all areas of the economy.
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16.2. The Depression: Causes and Responses
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