Professor Steven Horwitz contrasts the US economy during the Gilded Age (1870s to the early twentieth centurya period of industrialization and the growth of wealthwith the Great Depression (1929-39). He traces the role played by innovation and industrialization as well as the role of the federal government and the Federal Reserve System throughout these two contrasting periods.
CONTENT OF THIS VIDEO:
00:00 Initial credits
00:07 The Gilded Age
09:00 The Progressive Era
14:53 The Federal Reserve and the Great Depression
20:16 The high school "story" about the Great Depression
21:18 What caused the Great Depression and why did it last so long?
28:37 The response of President Herbert Hoover to the Great Depression
34:11 Herbert Hoover and Franklin D. Roosevelt: the same?
41:10 The role of the Second World War
44:35 Final credits
ABOUT STEVEN HORWITZ:
Steven Horwitz, PhD is is Charles A. Dana Professor of Economics at St. Lawrence University. A Senior Scholar at the Mercatus Center and Senior Fellow of the Fraser Institute, Dr. Horwitz completed his Ph.D. in economics at George Mason University
Sr. Fellow Lawrence McQuillan, author of California Dreaming appears on KLZ radio in Denver, CO. Lawrence talks about the public-pension crisis and how states and cities can change their pension contributions to avoid bankruptcy while honoring commitments to employees.
Senior Fellow Ivan Eland appears on RT Television to discuss comments by Defense Secretary Ash Carter who stated that Iraqis just dont have the will to fight ISIS. Eland talks about the history of the Iraq war and what is needed to stabilize the region.
Sr. Fellow Ivan Eland appears on America Tonight with Kate Delaney to talk about government spending out of control. Eland compares the US money supply and spending under George W. Bush and Barack Obama to eating candy and getting a "sugar high" instead of a good balanced diet. British Prime Minister David Cameron has followed the examples of US Presidents Harding, Coolidge, Eisenhower and Clinton and embraced austerity to bring about long term prosperity.
Senior Fellow Ivan Eland, author of Partitioning for Peace, appeared on "Doug Stephan's Good Day" radio program. Eland talks about the state of terrorism in the Iraq and whether the US creates more of a problem with its intervention. He also discusses the question of how ISIS is different than other terror groups.
Sr. Fellow Ivan Eland appeared on the Larry Conners USA Radio program to talk about the negotiations with Iran over their nuclear capabilities. Eland believes that the U.S. should give negotiations a chance to work and that any military action the U.S. or Israel might take would require an invasion of Iran. Airstrikes alone would not stop Iran from developing a nuclear weapon.