Study Guide for Rothbard’s America’s Great Depression

Show notes, reference links, and more available at each part’s page.

Video only playlists on YouTube and Odysee.

Grab a copy of the book here.

Chapter 1, Part 1: Direct and straightforward effects of bank credit expansion

Chapter 1, Part 2: Secondary effects of the boom-bust cycle and recommendations for government policy

Chapter 2: Keynesian objections to Austrian Business Cycle Theory

Chapter 3, Part 1: Rothbard vs. Overproduction Theory, Underconsumption Theory, and the Acceleration Principle

Chapter 3, Part 2: Rothbard vs. Dearth of Investment Opportunities Theory, Schumpeter’s Business Cycle Theory, Qualitative Credit Doctrines, and Overoptimism and Overpessimism Theories

Chapter 4, Part 1: Inflationary aspects leading up to the Depression, including a definition of the money supply and coverage of reserve requirements and total reserves

Chapter 4, Part 2: Four additional sources of inflation

Chapter 5: The cast of characters

Chapter 6: The lure of a stable price level

Chapter 7: Hoover’s interventionist policies from 1920-1929

Chapter 8: The start of the Depression; Hoover’s bullying and cartelization efforts

Chapter 9: The ups and downs of 1930

Chapter 10: The events of 1931

Chapter 11, Part 1: Hoover flails some more in 1932

Chapter 11, Part 2: Attempts to reflate in 1932–efforts and agitation

Chapter 12: Hoover’s last few months–failed policy and false confidence

Appendix: Rothbard and the Private Product