What was the "liquidationist" theory and how did it inform the Fed’s policy response to the Great Depression?
2) What were the Fed’s monetary and financial policy responses to the Great Depression?
Monetary Policy Responses
Financial Policy Responses
3) How might it be argued that the Fed’s monetary and financial policies prolonged and
exacerbated the Great Depression?
4) What economic policies did President Roosevelt put in place which helped ease the problems
of the Great Depression?
5) What policy lessons can be learned from the Great Depression?