Clifford F. Thies, author of The Independent Review article Repudiation in Antebellum Mississippi, is interviewed on National Public Radios All Things Considered about the state of Mississippi defaulting on its loans in the 1840s. Other states defaulted on loans during this period, but most reconciled with debtors, but not Mississippi. Mississippi repudiated its debts, refusing to pay them.
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 Vice President Mary Theroux is interviewed on radio station KOGO in San Diego to talk about the latest on California's Maximum Family Grant rule for families on welfare. She discusses the underlying reasons why children are born into poverty and the difficulty of breaking the cycle of poverty.
Sr. Fellow Ivan Eland, author of the newly updated book "Recarving Rushmore," appears on the nationally syndicated Lars Larson radio show to discuss how he ranks the U.S. Presidents in terms of peace, prosperity and liberty. The updated version of the book includes President Barack Obama.
Independent Institute Senior Fellow John C. Goodman, author of "Priceless: Curing the Healthcare Crisis" was interviewed on World News Radio to comment on the average person's penalty for not having health insurance under the Affordable Care Act.
Research Fellow Burton A. Abrams appears on the "Freedom & Prosperity Radio" show with host Joe Thomas. Abrams talks about his book The Terrible 10: A Century of Economic Folly which contains ten of the U.S. federal government's biggest economic mistakes and the fallout of those mistakes.