After the stock market crash of 1929, the U.S., along with the rest of the world, was thrown into economic crisis. Millions were out of work – homeless and helpless, standing in long bread lines. And then, newly-elected President Franklin Delano Roosevelt gave the country his famous New Deal and brought the Great Depression to an end. That’s what all the high school textbooks say. But is that what happened?
Did FDR’s New Deal turn around an otherwise hopeless economy?
Lee Ohanian, Professor of Economics at UCLA and consultant to the Federal Reserve Bank of Minneapolis, sets the record straight in this week’s new PragerU video.
Watch it here:
We rely on viewers like you to help keep our videos free. Please consider making a tax-deductible donation to PragerU. Just click here.