Terms for Understanding the Great Depression

What are key economic concepts for understanding the Great Depression? In this video, expert David Wheelock of the St. Louis Fed defines and explains economic terms and concepts including: gross domestic product (GDP), real GDP, nominal GDP, recession, depression, inflation, deflation, money stock and real interest rate.

David Wheelock discusses the Great Depression as part of an economic education workshop at the St. Louis Fed. This is Part 2 of that presentation. Recorded July 11, 2013.

Tools for Teaching about the Great Depression

Discover Great Depression activities and lesson plans.

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