Jul 23 2020 25 mins 1
During the Great Depression, unemployment hit 25% under Presidents Hoover and Roosevelt. In 1932, Congress passed the first federal welfare program in American history. For many historians, such federal spending was not only justified, but it was a wonderful use of tax-payer dollars. But there is much more to the federal welfare story.
In today’s episode, Dr. Folsom will reveal what historians don’t tell you about America’s first welfare system.
This episode is based on Dr. Burt Folsom’s book, New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America.
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