AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
7min chapter
History 7: The Great Depression, the New Deal and how it changed our economy
Planet Money Summer School
The Great Depression and the Gold Standard Crisis
This chapter examines the widespread suffering caused by the Great Depression, focusing on economic hardships in communities such as Harlem and the global implications of the crisis. It highlights the failure of the gold standard as a means of economic recovery, illustrating the decisions made by central banking leaders, particularly Montague Norman, during this tumultuous period. The narrative culminates in the pivotal moment when England abandoned the gold standard, triggering a ripple effect that intensified fears and financial instability worldwide.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode