Discussion:
Watch the video The Federal Reserve at https://www.learner.org/series/econusa/unit21/ (Links to an external site.) and then answer the following questions in 1-2 paragraphs for each question. It is suggested that you review the Khan Academy videos from the module before watching this video.
1. Summarize the views of economists Richard Gill on what the Fed's actions during the Great Depression.
2. What led to the Accord of 1951? What did the Accord do?
3. Explain the Fed's action to try to correct the 2008 Recession.