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Authors:
Published by:
Darden Business Publishing (2019)
Version:
15 October 2019
Revision date:
29-Oct-2019
Length:
6 pages
Data source:
Published sources

Abstract

Following an A case that presents the dominant narrative around the causes and remedies for the Great Depression, this B case provides correspondence between outgoing president Herbert Hoover and president-elect Franklin D Roosevelt. In 1933, economic conditions turned suddenly worse, and opinion was divided on the question of whether demand shocks or supply shocks had caused the Great Depression - each would dictate different policy actions. What was the appropriate diagnosis? What should be the remedies?

Topics

Great depression; Herbert Hoover; Franklin D Roosevelt; Public policy; Correspondence; Business & government; Economics; Foreign exchange markets; World economy; Finance; Capital markets & investments; Financial institutions

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