Who was responsible for the Great Depression?

Not only did the Federal Reserve fail to prevent the Great Depression but it was primarily responsible for its length and severity. The Federal Reserve controls the money supply and would never exist in a true free market economy. read more

Most historians don’t blame President Herbert Hoover for causing the Great Depression. read more

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s. read more

It was also said to be responsible “for the initial decline in consumption that marks the” beginning of the Great Depression by economists Paul R. Flacco and Randall E. Parker. Economist Ludwig Lachmann argues that it was pessimism that prevented the recovery and worsening of the depression President Hoover is said to have been blinded from what was right in front of him. read more

Most historians don’t blame President Herbert Hoover for causing the Great Depression. The Depression was caused by several factors, some of which were: 1. America’s reliance on the gold standard. The government was obligated to redeem paper money with gold. read more