The Great Depression: Where Was the Fed?

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 discusses the Great Depression as part of an economic education workshop at the St. Louis Fed. This is Part 7 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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