Added: Dec 12, 2011

From: CFPEcon101

Duration: 6:3

This mini-documentary from the Center for Freedom and Prosperity Foundation explains how the statist policies of Presidents Hoover and Roosevelt lengthened and deepened the Great Depression. The video also briefly explains how reductions in the burden of government spending helped the economy recover from a deep recession after World War I and to grow after World War II.

Channel: Nonprofit

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Rating: 4.173554' max='5' min='1' numRaters='484' rel='http://schemas.google.com/g/2005#overall ( ratings)    Views: 42690    Comments: 569

Michal D Roosevelt Says:

Jun 10, 2013 - This woman is a caveman.

RE Hamrick Says:

Jul 26, 2013 - Not really. The military gave people jobs, forced the gov to spend (but not too much), etc. Also, the natural cycle of the economy (Prosperity, rescession, depression, recovery) means that the US had to recover at some point. So no, massive spending does not affect your rescession, but the war put people to work. Also, the economy was going to recover at some point

captainjack77 Says:

Feb 28, 2013 - And you're trying to correlate a free market to the great depression, which is to grossly misread history. I may have suggested it before, but I encourage you to read America's Great Depression, by Murray Rothbard - even if you disagree with the notion that government intervention was the cause of the Great Depression, I think it would be worth while to read an alternate view to what has been force fed to you all your life, by supporters of big government.

ymkamara420 Says:

Feb 10, 2013 - "A common argument in support of infinite borrowing - but it's false. Debt has to be repaid! " What is U.S debt dominated in? dollars. What can the U.S create dollars? So it no problem Inflation? we printed over a trillion dollars over the Q.E's where is this hyperinflation?

LegendsXXX2 Says:

Feb 26, 2014 - Its funny that this video was paid for by a GOP Super PAC that only works in the interest of the 1%. Its also funny that I'm studying this in college currently & the Depression was caused by no regulation in the stock market which lead to the crash of 1929. Of course, to spread misinformation & Nazi like propaganda the GOP has to resort to using a bimbo who probably never even graduated high school, they are just trying to distract you all.

MYacono Says:

Apr 2, 2014 - The Center for Freedom and prosperity is funded by the Koch Brothers. This is a piece of propaganda Goebbels would be proud of. . Hoover did nothing thinking it wasn't the govts job. and was content to let people suffer just like the Koch brothers, believing in the "invisible hand" Adam smith wrote of. Keynesian economics was true by stimulating the economy FDR was able to bring about the recovery. IN 1937 when he tried to reduce programs, we suffered a mini-recession. Of course the Koch brothers are against FDR. He have labor rights, collective bargaining, glass-steagal act, created the SEC all to keep creeps like the Kochs and Sheldon Adelman from buying and subverting out democracy .

somaling mgaundi Says:

Sep 12, 2013 -

Maria Angela Grow Says:

Aug 24, 2013 -

never mind Says:

Nov 20, 2013 - 77 Obama supporters disliked this video!

jbond5150 Says:

Sep 9, 2014 - Man this is so fundamentally flawed its laughable. Your argument is that government spending during economic busts only worsens an economic crises, but then give no explanation as to what pulled the US out of the depression: massive government spending during wwii! The new deal didnt fail, though it did fall short because it just wasnt enough government spending. No conservative can ever seem to acknowledge that wwii and the massive spending behind it left the great depression to history. 

Johnny Wayne Says:

Aug 12, 2014 - Bullshit with big tits. As an MBA with an actual education in this matter......I call Bullshit with big tits.

apope06 Says:

Jan 24, 2014 - The reason why you never hear about the depression of 1920 is because it never was a depression. It was a recession and can not even be compared to the crash of 1929. 1920 was a mild market correction from a wartime economy to a peace time economy. Also, Hoover was not a Keynesian and he proposed "voluntarism" as a way of dealing with poverty and suffering and not government intervention. He was a traditional conservative in that he believed in balancing the budget to fix the economy. He was not a Keynesian and did not believe the govt. had a role in creating jobs in the economy. Increases in taxes are not necessarily Keynesian because even Keynes favored govt. spending via tax cuts to create demand. In the end, GDP growth under FDR was twice what it is now (but when he tried to cut spending & balance the budget in 1937 it created a recession)..but most importantly, his policies created the fundamentals for long term prosperous growth via labor rights, minimum wage increases, and social security. If it wasn't for the New Deal.. growth would not have lasted for 30 years...

dumdebadaba Says:

Aug 4, 2014 - So if the politicians are so useless and their administration only deepens problems, why not remove them and install a single dictator? The administration will consist only of his family, and even if it steals, it's just one family?! Thus presidents won't worry for re-election and won't mess with the economy?!

pillsbury1thegamer Says:

Jul 2, 2014 - Really no comments about her?... Fine I will I'd like to put my Hoover in her!

Matthew Graham Says:

Jul 26, 2014 - Makes sense, I don't know how anyone could think that Hoover & Roosevelt's policies worked. On the side note, she is a beautiful woman. 

Alejandro Flores Says:

Sep 19, 2014 - What she forgot to mention was that in 1929 the M2 money supply fell by 1/3 and subsequently 1/3 of the banks failed. All government had to do was print more money and not strict business! 

Robert Slack Says:

May 16, 2014 - Wow, almost every sentence in this is pure, unadulterated bullshit! Congratulations! That's quite a feat.

Matthew S Says:

Oct 13, 2014 - What got America out of recession was bombing to dust most of its industrial competition during WW2

izzygirl234 Says:

Jan 11, 2015 - How about we all just agree that the New Deal kinda worked? Everyone on here is right, though some comments on here are bias, everyone is correct. To an extent. The New Deal WAS NOT a complete failure and FDR DID NOT repeat the same mistakes as Hoover. But what ultimately got us here today was WWII so..yeah...Everyone made their mistakes, and those mistakes were fixed.

NewWorldAhead Says:

Oct 23, 2014 - This bitch is a teabagger who is lying to increase the wealth of the rich and decrease the income of the working class.

John Curzio Says:

Mar 4, 2015 - Very good video! Very informative!

Jay Denton Morgan Says:

Apr 7, 2015 - Brought to you by the Tea Party. Rewriting America's history ever since a black man was elected president.

HuskerRed Says:

Jan 26, 2015 - Video fail in all ways. Annoying chick voice doesn't help.

TheDaveMaybe Says:

Apr 2, 2015 - I am sick of hearing "the New Deal didn't work!" Granted, it didn't end the Depression (WWII did), but that was never the goal. The goal was instant relief and recovery. In that since it worked. Here's the unemployment rates from 1933-1937: 1933: 25% 1934: 18% 1935: 16% 1936: 14% 1937: 14% Unemployment DECLINED by 11%! In 1938, the unemployment rate had returned to 20% because Roosevelt caved in to the demands of congress and passed a balanced budget. When he returned to deficit spending, unemployment declined again. Unemployment rates from 1938-1941: 1938: 18% 1939: 12% 1940: 10% 1941: 8% Then after WWII: 1942: 3% 1943: 1% 1944: 2% 1945: 1% Long story short, the New Deal WORKED! Yes, the depression didn't end, and unemployment remained high, but the economy had been improving, just not rapidly. New Deal was NOT A FAILURE! End of story!

Robert Slack Says:

Mar 17, 2015 - Why is it that George Bush deregulated and cut taxes and it turned a record surplus into a record deficit and gave us the worst recession since the 1930s? Whereas Obama used Keynesian stimulus and has seen deficits cut by 70%, the unemployment rate cut from 8.6% to 5.5%--while the stock market more than doubled?