Podcasts Uncommon Knowledge

The Great Depression with Amity Shlaes: Chapter 2

How much blame does Herbert Hoover deserve for the Great Depression? Shlaes says a good amount since he both misjudged the Wall Street crash and failed in his reaction to it. There also was the depression-inducing Smoot-Hawley tariff, which Hoover — an internationalist by nature — knew better than to sign into law.

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