The Federal Reserve, Depression and Hyper-Inflation

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The Chair of the Federal Reserve is one of the most powerful people in the world, and one of the President’s most important appointments.

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The Great Depression. Unemployed men queued outside a soup kitchen opened in Chicago by Al Capone. The storefront sign reads 'Free Soup, Coffee and Doughnuts for the Unemployed.' Chicago, 1930s (Newscom TagID: evhistorypix027753.jpg) [Photo via Newscom]

As part of the Politics and Economics Quest, Eagles explored Keynesian and Monetarist theories before playing a powerful Inflation Simulation to experience how the Federal Reserve and monetary policy impact economic booms and busts.

Then Eagles had to stand in the shoes of the President of the United States, making difficult economic and political decisions during the 2008 Economic Crisis.

Would the Eagles have approved a $700 billion bailout of Wall Street?  Not likely.

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