『The Crash and the Call for Change』のカバーアート

The Crash and the Call for Change

The Crash and the Call for Change

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2026年5月12日まで。4か月目以降は月額1,500円で自動更新します。

概要

 In this compelling episode of The New Deal, host James Hartley examines the devastating 1929 stock market crash and its profound impact on American society and governance. From the prosperity and speculation of the Roaring Twenties to the panic of Black Thursday and Black Tuesday, this episode explores how the crash exposed fundamental weaknesses in the American economic system. Discover how unemployment soared to 25 percent, over 9,000 banks failed, and Hoovervilles emerged across the nation. Learn about President Herbert Hoover's initial response and the philosophy of rugged individualism that dominated pre-crash America. The episode analyzes how this economic catastrophe created the conditions for Franklin D. Roosevelt's election and the revolutionary New Deal programs that followed. Hartley examines the transformation of the social contract between government and citizens, including the creation of Social Security, unemployment insurance, and bank deposit insurance. This historical analysis reveals how crisis often serves as a catalyst for change and explores the cyclical nature of American attitudes toward government intervention. The episode provides essential context for understanding modern debates about the role of government in the economy and the lasting legacy of Depression-era reforms that continue to shape American policy today.
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