That's ridiculous. The problem going into the Great Depression was the monetary policy, which was tightened when it needed to be loosened. The problem going thr

That's ridiculous. The problem going into the Great Depression was the monetary policy, which was tightened when it needed to be loosened. The problem going through the great depression, what made it really great, was the New Deal -- not today's political footballs like social security, but the radical restructuring of the American economy in a borderline Soviet wave of regimentation and anticompetitive cronyism. We don't think about this much today because it was mostly disassembled, but every so often you hear some story where the government wants to take farmers' raisins for a pittance of compensation (and the crop is at risk of spoiling). Or milk-price boards. Those are just the last lingering vestiges of the system at work, a system run with a mindset that they could drag the nation into prosperity again by burning crops in the time of famine (to support prices don't you know). No I don't have a well-sourced essay for you. Go do some real Depression research. Look up work by multiple economists.