The Forgotten Depression by James Grant

https://thebookvoice.com/podcasts/2/audible/153730 to listen full audiobooks. Title: The Forgotten Depression Author: James Grant Narrator: Rick Adamson Format: mp3 Length: 9 hrs and 18 mins Release date: 12-03-19 Ratings: 4.5 out of 5 stars, 59 ratings Genres: Economic History Publisher's Summary: In 1920-1921, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most 21st-century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No "stimulus" was administered, and a powerful, job-filled recovery was under way by late 1921. Yet by 1929, the economy spiraled downward as the Hoover administration adopted the policies that Wilson and Harding had declined to put in place.