In this article, Reynolds discusses why the Works Progress Administration (WPA) was not as helpful as many people are lead to believe. In reality, government agencies like the WPA cause taxes to increase which ultimately interferes with employment and productivity. From 1935-1938 the WPA did not even manage to decrease the unemployment rate by one percent.
Bank Failures in the 1920s and 1930s
The Great Depression
The Daily Bail
This chart shows the number of banks that failed from the mid 1920s to 1933.
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