Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Authors: Bob Bruner
Published by: Darden Business Publishing
Originally published in: 2019
Version: 1 July 2020
Revision date: 28-Jul-2020

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?

About

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?

Related