VIDEO: The Causes of the Great Depression

In his latest lecture,Green and Red Podcast co-host, and University of Houston history professor, Dr. Bob Buzzanco talks about the causes of the Great Depression.

He discusses surplus capital, foreign economic crises (debts-reparations triangle, global trade plummets), the stock market, poverty, the lack of economic diversity and the credit crunch. And then gets into Herbert Hoover’s (failed ) responses: Balanced Budget, Tariffs, Government Spending.

This, of course, sets the stage for the election of 1932, the rise of Franklin Delano Roosevelt, illusion and hope, The three R’s and the New Deal.

Author: Sparki

Scott Parkin is a Senior Campaigner with Rainforest Action Network and organizes with Rising Tide North America. He has worked on a variety of campaigns around climate change, the wars in Iraq and Afghanistan, mountaintop removal, labor issues and anti-corporate globalization. Originally from Texas, he now lives in San Francisco.

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