The Great Depression: Tariffs and a Stock Market Crash

Recession

In this episode of the Recession Podcast, host Daniel Foch explores the pivotal economic event of the 20th century: The Great Depression. Key points covered include:

• Overview of the Great Depression's impact on society, politics, and daily life
• Analysis of the causes, including the 1929 stock market crash
• How radio shaped consumer sentiment
• Examination of political responses, from Hoover's initial approach to Roosevelt's New Deal
• Discussion on the relevance of Great Depression lessons to modern economic challenges
• Exploration of cultural shifts, including changes in consumerism and rural vs. urban living
• The role of World War I debts and the Treaty of Versailles in setting the stage for economic instability
• Impact of transportation changes, particularly the decline of railways and rise of automobiles
• Housing market trends in the late 1920s, including the decline of Sears catalog homes
• Changing attitudes towards debt and job confidence leading up to the crash
• The issue of production outpacing wage and population growth
• Political landscape and the rise of Franklin D. Roosevelt
• Key New Deal programs and their effects
• Cultural aspects of the Depression era, including the rise of radio personalities and union movements

This comprehensive episode provides listeners with a deep dive into the complexities of the Great Depression, drawing parallels to contemporary economic issues and emphasizing the lasting impact of this historical period.

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