Hoover and the Early Years of the Great Depression (HOM 33-B)

History of Money, Lecture 33, Pt. B: examination of the man and presidency of Herbert Hoover, the stock market crash in October 1929, and the beginning of the long Great Depression in 1930-32. By 1931 and 1932 it was clear that something very, very severe had happened, as unemployment, bank closures, hoarding of money, deflation, collapses in production and consumption, and poverty swept the beleaguered nation. What was the role of the Federal Reserve in all of this?
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Dr. Jonathan Barth received his PhD in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is Associate Professor of History at Arizona State University and Associate Director of the Center for American Institutions at Arizona State University.
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