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4
votes
3answers
167 views

What was the reason for US Fed rate increase in spring 1928?

I was reading this wikipedia article on the great depression of the 1930s. This timeline mentions that in 1928, USA Fed increased interest rates. What was the reason behind this move. I read ...
2
votes
0answers
40 views

How were FDR's economic policies as Governor of New York contradictory?

I have read in a number of Roosevelt's biographies that as Governor of New York, Roosevelt was not so aware of how economics works. He recognized that radical change was needed to respond to the Great ...
8
votes
1answer
3k views

How many people in the US starved to death during the Great Depression?

I was trying to look this up earlier and could not easily find reliable information on the internet, mostly due to a new popular claim that 7 million people starved to death in the Great Depression! ...
7
votes
1answer
244 views

During the Great Depression, roughly what proportion of Americans lived below the World Bank PPP $1.25/day poverty line?

The $1.25 PPP/day standard (in 2005 dollars), as defined by the World Bank Wikipedia. To be more specific, let's pick the year 1932, which is roughly when the Great Depression was said to be at its ...
5
votes
2answers
190 views

What steps did President Herbert Hoover take to reduce unemployment during the Great Depression?

I am mainly trying to remember the name that was given to the jobs that he created that were rendered 'worthless', and paid a very low wage. Such examples were scaring away pigeons and selling apples. ...
6
votes
2answers
461 views

Did Roosevelt's New Deal lift the U.S. out of the depression or did it actually prolong the Depression and cripple American capitalism? [closed]

While the New Deal did much to lessen the worst affects of the Great Depression, its measures were not sweeping enough to restore the nation to full employment. Critics of FDR's policies, on ...
2
votes
1answer
65 views

Inflation After Executive Order 6102 (FDR Leaving GoldStandard)

I'm looking at this image which implies that the US leaving the Gold Standard started revival after the Great Depression. I'm thinking that it could all be explained with rapid inflation due to the ...
11
votes
3answers
727 views

Gold Confiscation Act of 1933

On March 9, 1933 Franklin D. Roosevelt (FDR) called Congress in for an emergency session, which would result in the speedy passing of the Gold Confiscation Act. According to FDR's Executive Order ...
14
votes
1answer
401 views

How do Friedman and Bernanke's explanations about the causes of the Great Depression compare?

I know that both Friedman and Bernanke wrote papers (or books, in Friedman's case) about the cause of the Great Depression. How do their points of view compare and contrast?