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The False History of American Capitalism | Donald Boudreaux | Ep. 64

The Human Progress Podcast

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Economic Dynamics of the Great Depression

This chapter examines the economic factors leading to the Great Depression, focusing on the role of income inequality and the failure of political leadership. It critiques traditional narratives about President Hoover's effectiveness and explores the lasting impacts of the New Deal and the Federal Reserve's actions. Additionally, it contrasts the economic perceptions of the 1950s with the realities of earlier decades, emphasizing the challenges faced by workers in manufacturing jobs.

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