Negative Space: Great Depression
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- Great Myths of the Great Depression
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“To properly understand the events of the time, it is appropriate to view the Great Depression as not one, but four consecutive depressions rolled into one. Professor Hans Sennholz has labeled these four ‘phases’ as follows: the business cycle; the disintegration of the world economy; the New Deal; and the Wagner Act.”
- The Depression You’ve Never Heard Of: 1920-1921
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“It wasn’t merely that Hoover spent a bunch of money. He spent it on just the types of things that we associate today with Roosevelt’s New Deal.”
As we head into the final year of President Obama’s presidency, and a new election year, it may help to look into the past for guidance.