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Economic Episodes in American History: The Great Depression

David Wheelock, vice president and deputy director of Research, gave a presentation on “The Great Depression” on July 11, 2013, as part of an economic education workshop at the Federal Reserve Bank of St. Louis.

Part 7: Where Was the Fed?

David Wheelock describes the Federal Reserve’s failure to respond to the banking crisis and the importance of understanding the difference between nominal and real interest rates.

Part 1: Why Do We Still Study the Great Depression? (5:55)

Part 2: Some Useful Terms (7:03)

Part 3: How Great Was the Great Depression? (3:06)

Part 4: The Great Recession vs. the Great Depression (6:25)

Part 5: What Caused the Great Depression? (9:59)

Part 6: The Role of Bank Failures and Panics (11:33)

Part 7: Where Was the Fed? (6:48)

Part 8: What Caused the Recovery? (3:47)

Part 9: Lessons Learned and Concluding Remarks (3:01)

 

For additional Great Depression-related multimedia resources, from newsreels to oral histories, visit our audio, video and interview series pages.

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