Part 2

The Federal Reserve After World War II

The Great Depression arguably ended with the onset of the various conflicts around the world that collectively have come to be known as World War II. As the U.S. joined other countries in getting pulled into the war, the Fed’s focus moved to supporting the war effort. This primarily meant keeping interest rates low to make it easier for the U.S. to issue debt and finance military-industrial expansion. One way the Fed accomplished this was to buy large volumes of government debt.

After the ...

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Intermediate icon
Intermediate
The Federal Reserve: What it is and why we care about it
4 Lessons
~13 mins in total
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