I’ve commented many times about the misguided big-government policies of both Hoover and FDR, so I can say with considerable admiration that this video packs an amazing amount of solid info into about five minutes.
Perhaps the most surprising bit of info in the video is that America suffered a harsh depression after World War I, with GDP falling by a staggering 24 percent.
But we don’t read much about that downturn in the history books, in large part because it ended so quickly.
The key question, though, is why that depression ended quickly while the Great Depression dragged on for a decade?
Ms. Fields explains in the video that President Harding, unlike Presidents Hoover and Roosevelt, slashed government spending.
