Dealing with economic crisis

As the world begins to consider how to emerge from the Coronavirus pandemic, we look back at economic crises of the past and how countries have responded to them. Max Pearson hears about America's "New Deal" in the 1930s, South Korea's transformation in the 1950s and Chile's "miracle economy" of the 1970s. Plus, Tanzania and its African form of socialism, and economic shock therapy in Russia in the 1990s. PHOTO: President Franklin D Roosevelt in 1935 (Getty Images).