Andrew Ross Sorkin on the 1929 crash, the Depression, and Herbert Hoover’s legacy
Firing Line with Margaret HooverShow Notes
Financial journalist Andrew Ross Sorkin sits down with Margaret Hoover to talk about his new book, “1929,” and what the lessons of the Great Depression mean for the economy today. Sorkin, a CNBC anchor and New York Times columnist, discusses the bankers and policymakers at the center of the crash and the recovery, including Presidents Herbert Hoover and Franklin Delano Roosevelt. He explains how Democrats worked to undermine Hoover’s reputation even before the crash and how a negative propaganda campaign–and Hoover’s refusal to engage with it–helped a false narrative about his response to the crisis take hold. Sorkin, who also wrote “Too Big to Fail” about the 2008 financial crisis, reflects on similarities between the two events and what the next economic crash might look like. Support for Firing Line with Margaret Hoover is provided by Robert Granieri, The Tepper Foundation, Vanessa and Henry Cornell, The Fairweather Foundation, and Pritzker Military Foundation.
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