Author and historian Eric Rauchway and economist Brad DeLong delve into the nuanced history of capitalism post-World War II, discussing the shift in power balance, the '30 glorious years' of prosperity, and the influence of various individuals on shaping the economic system. They explore topics such as stock speculation in the 1920s, the impacts of the Great Depression, and the fall of the Iron Curtain on economies and ideologies. The podcast highlights the complexities of capitalism, labor income distribution, and the importance of societal considerations in economic systems.

In this engaging discussion, historian Eric Rauchway dives into the transformative impact of Franklin D. Roosevelt and the New Deal during the Great Depression. He highlights FDR's strategic use of radio for personal connection, creating fireside chats that reshaped political communication. Rauchway also explores the myriad initiatives of the New Deal, their legislative challenges, and enduring legacy. The conversation underscores how FDR's charismatic leadership and innovative policies forged new paths in American socio-political dynamics.

In this engaging discussion, historian Eric Rauchway delves into Herbert Hoover's complex legacy, shedding light on his remarkable rise from an orphan to a global leader. He highlights Hoover's humanitarian efforts during WWI and his misguided optimism preceding the Great Depression. The conversation unpacks the events of Black Monday and how financial panic undermined consumer confidence. Rauchway also discusses Hoover's resistance to intervention and his enduring impact on American politics, revealing a nuanced understanding of a president often unfairly maligned.