History 7: The Great Depression, the New Deal and how it changed our economy
Planet Money Summer School
FDR's Bold Economic Shift
This chapter explores the historical context of the Great Depression, focusing on FDR's decisive actions in 1933, including taking the U.S. off the gold standard to restore public confidence in banks. It discusses the tensions within FDR's advisory team regarding economic strategies and highlights the influence of unconventional economist George Warren. The chapter emphasizes the importance of government intervention as a necessary tool in overcoming economic crises, setting the stage for FDR's New Deal initiatives.
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