Not only did the US central bank create the conditions for the stock market crash of 1929, but the interventionist policies of FDR prolonged the economic hardship. Interventionism put the "great" in the "great depression". Not only did they create the bust, but they magnified the blast radius.
Not only did the US central bank create the conditions for the stock market crash of 1929, but the interventionist policies of FDR prolonged the economic hardship. Interventionism put the "great" in the "great depression". Not only did they create the bust, but they magnified the blast radius.
https://cdn.mises.org/Americas%20Great%20Depression_3.pdf
https://mises.org/library/did-fdr-make-depression-great
https://mises.org/library/forgotten-depression-1920
https://mises.org/wire/1920-crash-cured-itself