American Elephants


Did FDR End the Great Depression? Nope! by The Elephant's Child

It has long been accepted knowledge that Franklin Delano Roosevelt saved America from the Great Depression, which lasted and lasted and lasted. But is that true? A few years previously, Calvin Coolidge faced another depression. He essentially did nothing, and the economy recovered quickly. FDR embarked on a series of endless experimentation to see just what would work to end the hard times, and managed to make it last and last. Really hard times.

Here’s Lee Ohanian, Professor of Economics at UCLA, who decided to take another careful look. Listen carefully.

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