10/12/09 Stockholm, Sweden – Daily Reckoning contributor, New York Times bestselling author, and economic historian Tom Woods explains how there was nearly a Depression in 1920… but, it never happened because the government didn’t interfere.
A few highlights according to The Money Game…
“* The first year of the 1920 Depression was worse than that of 1929. Conditions were horrible.
* Yet due to President Woodrow Wilson’s stroke near the end of his term, very little was done by the government to stop the economic decline.
* By the summer of 1921, recovery was on the way.”
Watch the video below.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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