The Great Depression: Where Was the Fed?

Economic Episodes in American History: The Great Depression, Part 7

In this video about the Great Depression, expert David Wheelock of the St. Louis Fed describes the Federal Reserve’s failure to respond to the banking crisis. He covers the importance of understanding the difference between nominal and real interest rates.

David Wheelock gives a presentation on “The Great Depression” as part of an economic education workshop at the St. Louis Fed. Recorded July 11, 2013.

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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