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Amity Shlaes challenges the received wisdom that the Great Depression occurred because capitalism broke and that it ended because FDR, and government in general, came to the rescue. According to Shlaes, it was the government that made the Great Depression worse. And was FDR’s progressivism, as evident in the New Deal, really all that new, or was it a step along a progressive continuum that already had been established? (34:39) Video transcript
Monday, August 25, 2008 0 min read
Amity Shlaes challenges the received wisdom that the Great Depression occurred because capitalism broke and that it ended because FDR, and government in general, came to the rescue. According to Shlaes, it was the government that made the Great Depression worse. And was FDR’s progressivism, as evident in the New Deal, really all that new, or was it a step along a progressive continuum that already had been established? (34:39) Video transcript
