Did Monetary Policy Truly Cause The Great Depression? - History Icons Channel

Описание: Did Monetary Policy Truly Cause The Great Depression? Have you ever wondered what role monetary policy played in one of the most significant economic downturns in history? In this engaging video, we'll explore how decisions made by the Federal Reserve in the late 1920s and early 1930s contributed to the severity and duration of the Great Depression. We'll start by explaining what monetary policy is and how central banks influence the economy through interest rates and money supply. Then, we'll discuss the specific actions taken by the Federal Reserve during this period, including raising interest rates and reducing the money supply, and how these choices impacted businesses, banks, and consumers. We'll also cover the international context, such as the gold standard, and how global economic pressures intensified the crisis. Additionally, we'll highlight the perspectives of renowned economists like Milton Friedman and Anna Schwartz, who argue that mistakes in monetary policy extended the depression's effects. Whether you're interested in economic history or want to understand how central banking decisions can shape financial crises, this video provides a clear overview of these complex topics. Join us to learn about the lessons from the past and how they influence monetary policy today. Don't forget to subscribe for more insights into economic history and financial systems!

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