When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.
@DavidRiggs-dc7jk
Ай бұрын
Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
@HarrietBemish
Ай бұрын
Very true! I've been able to scale from $650K to 1.2m in this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market
@EllenAbrex
Ай бұрын
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
@HarrietBemish
Ай бұрын
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
@EllenAbrex
Ай бұрын
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call
@HodgeChris
2 ай бұрын
Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.
@carssimplified2195
2 ай бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@brucemichelle5689.
2 ай бұрын
Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.
@NicholasHarmon-ow3jl
2 ай бұрын
I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?
@brucemichelle5689.
2 ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@NicholasHarmon-ow3jl
2 ай бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@astrofrk
2 жыл бұрын
My grandma and dad told me about the great depression and the dust bowl. Find an old person fast because they are dying of old age, their stories can make you laugh and cry. For every old person that dies, and encyclopedia of history dies that no book or webpage can replace.
@203207ab
2 жыл бұрын
not everyone suffered during the depression. some got by and others were rich. you are hearing only one story. there are plenty of others. Also some regions of the country were doing worse then others.
@astrofrk
2 жыл бұрын
@@203207ab Those in fly-over country were hit the worst, many starved.
@omarbernal2408
2 жыл бұрын
True
@andyhughes1776
2 жыл бұрын
No need to find any old person to ask, we are about to live through another Great Depression right now. If you are not seeing it coming, you have been living under a rock. But don't worry, you'll know it when it fully impacts you in the coming months.
@astrofrk
2 жыл бұрын
@@andyhughes1776 I wish I could say otherwise but you are probably correct. Unfortunately, few people have learned from the last one or we wouldn't be facing it. I don't have to worry, I'm about to die anyway but the rest of you can have this mess.
@Riggsnic_co
7 ай бұрын
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
@bob.weaver72
7 ай бұрын
most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.
@martingiavarini
7 ай бұрын
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
@TheJackCain-84
7 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@martingiavarini
7 ай бұрын
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
@TheJackCain-84
7 ай бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@alexsteven.m6414
Жыл бұрын
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
@yolanderiche7476
Жыл бұрын
We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market.
@bernisejedeon5888
Жыл бұрын
@Dave Delva I have been thinking about how to grow my reserve by atleast 40% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my target.
@fresnaygermain8180
Жыл бұрын
@Dave Delva After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
@EthanMaloney-qp4lh
3 ай бұрын
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
@WestonScally7614
3 ай бұрын
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
@SaintYvess
3 ай бұрын
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
@sting_grayl
3 ай бұрын
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
@SaintYvess
3 ай бұрын
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@Christine-wp2bw
3 ай бұрын
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
@NikiLivi5
Жыл бұрын
My grandma was a little girl during the depression. She said they didn’t know they were poor because everyone around them had the same things they had.
@margaretyoung3094
Жыл бұрын
I remember wearing dresses made of chicken feed sacks. The designs were horrible but all of the girls wore them at school.
@NikiLivi5
Жыл бұрын
@@margaretyoung3094 At least the other girls wore them too. My grandma could sew anything. I have adhd so I stayed outside with my pappaw. I hated being inside. Now I wish I’d learned more from her. She passed away last June 25th at age 100! She laid down one afternoon to take a nap and went to heaven. I hope I live a long happy life like she did. And when it’s my time I hope it’s like that. Thank you for sharing.
@ld9044
Жыл бұрын
Mine said the same thing
@jimh8644
2 жыл бұрын
"The Government" always tries to save us from problems that "The Government" itself created.
@GreatJobTy
2 жыл бұрын
Okay
@daniels3795
2 жыл бұрын
That is the most accurate statement for this post
@TacticalTony702
2 жыл бұрын
Amen
@manicpixiecoffeelovr
2 жыл бұрын
aka covid
@JoyFay
2 жыл бұрын
Sounds like a psychopath
@DennisJack-km8ho
4 ай бұрын
I wonder if those who experienced the Great Depression had it easier than others, as my stock portfolio has already lost more than $35K. I worry about my retirement prospects because of my inert reserve.
@Sampson-jh7yq
4 ай бұрын
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
@albacus2400BC
4 ай бұрын
To be safe and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they understand better market patterns and adjusting portfolio to match up with these market trends.
@jose2212-
4 ай бұрын
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.
@albacus2400BC
4 ай бұрын
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@FrankPatrick-no8zo
4 ай бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@janmckittrick1068
2 жыл бұрын
My Dad was born in 1925..He said they ate bread,milk,and syrup...Their was nothing else to eat for weeks at a time.
@jamesschultz5299
2 жыл бұрын
Unless you were a hunter, fisherman and gardener. Then you could just provide for yourself as if nothing was going on. I mean if you garden every year you harvest your own seeds for the next year
@Bruins-vq5ey
2 жыл бұрын
A group of parolees in Pittsburgh actually wanted to be put back in jail...that's how hard those times were
@kimberlyadams9257
2 жыл бұрын
@@jamesschultz5299 No one wanted to kill big game or most people didn’t because there’s no where to store it. Especially during the depression. Small game yes. If you can dress it out and cook it quickly. We ate corn bread and rabbit for meat. Chicken rarely only on special occasions. Beans , corn bread.
@oliviaortiz5157
2 жыл бұрын
@@jamesschultz5299 -- considering you have land to plant sure☹️ but the millions in the CITIES don't have that luxury today 😳☹️
@203207ab
2 жыл бұрын
sounds good to me. I never heard anything about the depression from my ancestors. they couldn't stop talking about any other bad thing in life. I can only think that it wasn't such a bad thing in europe i guess. I'm sure they would have said something, but they obviously didn't suffer from it at all. otherwise they would have said something.
@tradekings5433
2 жыл бұрын
The thing that all of these experts fail to take into account is that the politicians will never act fiscally responsible and they will continue to encourage the FED to print money thereby worsening inflation.
@marianparker7502
2 жыл бұрын
Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. It's all coming together, and by the end of the year, it may be a complete disaster.
@Robertgriffinne
2 жыл бұрын
This global collapse might end up being a part of us for a very long time and due to that fact any money you keep in cash or in a low-interest account declines in value each year. unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’Nicole Ann Sabin’’ a financial advisor who I copy her trades and with a good 10%-15% in ROI monthly.
@Patriciacraig599
2 жыл бұрын
@@Robertgriffinne The crazy part is that advisors are probably outperforming the market and raising good returns. I will give this a look up, lucky i stumbled on this thread.
@wiebeplatt4749
2 жыл бұрын
I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. Nevertheless I'm in need of a good investment plan currently. Do you have more clues that could help?
@PhilipMurray251
2 жыл бұрын
@elchappo1320
2 жыл бұрын
I learned more in this 11 minutes than i did in 10 years of social studies class
@geneeverett7855
2 жыл бұрын
A lot was wrong here. Calling the communist party the far right was pretty funny
@florencebintu6608
2 жыл бұрын
What happened that man in the greater pressure line
@elizabethboothe2774
2 жыл бұрын
@@geneeverett7855 The communist party is similar to the far right when both lean toward dictatorship.
@LeroyBraun
2 жыл бұрын
Banks got greedy, loaned a bunch of easy money then stopped abruptly.
@Eappet
2 жыл бұрын
Same
@rootsm3
Жыл бұрын
My grandmother and her siblings were out in foster care for 8 years. But when the depression eased up, my great grandmother found them and took them back.
@NikiLivi5
Жыл бұрын
That had to be hard! I can’t imagine giving up my kids but I guess it was her best way to keep them from starving.
@ericwolf9482
2 жыл бұрын
Our Parents lived through it as children.. our Mother said it was called the "Depression" because that's how the People " Felt, Depressed".
@johniboz1
2 жыл бұрын
My grandmother use to tell me stories of the great depression. She told me that back then everyone helped each other. Neighbors helping neighbors, friends helping friends. It's not like that today. We are a different country. If our economy went to shit look out!!!
@newbeyblade
2 жыл бұрын
yea except if you were black
@rexbonham8410
2 жыл бұрын
potty mouth
@VenerableBede2510
2 жыл бұрын
We used to live in a high trust society.
@rachelfaith9169
2 жыл бұрын
“When” it happens. 💰 ⛔️
@Rosie-rf9vn
Жыл бұрын
I still believe if shut it the fan, neighbors would come together. Well I do live on a private road and we've all been here over 20yrs and 100% I can stay we'd stand together. But subdivision living, I can see them having problems uniting. This will definitely teach our world to be kinder and stand together in all matters not just govt fuelled division tactics.
@Longhorn-s7z
2 жыл бұрын
The Greatest wealth transfer in United States history. The money brokers cashed out of the stock markets Six months prior to the markets collapsing. Assets were then, either stolen or purchased for pennies on the dollar. 2008 US housing collapse is the Second largest US wealth transfer. Money is never lost...Only transferred from one pocket to another.
@otherslimjim8783
2 жыл бұрын
The rich stay rich and the poor stay poor. The cycle will never end . Poverty is and will always be a part of the government policy. ( In my opinion)
@pureenergy4578
2 жыл бұрын
THE FEDERAL RESERVE CARTEL: THE 8 FAMILIES is an article that says bankers gained a fortune from that STEAL that they did on purpose to make themselves wealthy. Everyone needs to know about these cartels that have formed themselves on purpose to take from all of us. This includes the medical cartel and the military cartel. Corporations are cartels in most cases because they only care about themselves.
@everydaynine_2282
2 жыл бұрын
you guys have A choice when the great depression comes again.. XRP is the crypto currency that will run the new financial system. they will collapse it again on purpose in order to bring the great reset with the XRP backed system.. Gold standard will come and the USA being independent on oil will all come.. The new system cant run without XRP, GOLD and enegry!!! The current system that were in now only needs GOLD but this will collapse
@144Seal
2 жыл бұрын
The Great Wealth Transfer just happened since the lockdowns. Look it up if you don't believe it. More wealth was transferred in all human history since March 2020 until now.
@magentapurple8823
2 жыл бұрын
@@144Seal Being one that was severely abused by that 1929 stock market crash/STEAL, I have heard and read many, many times that this was done on purpose. I also read that every collapse since WW1 including WW1 has been a false flag to make lots of money. Wars make billions I am sure. The article the rockefeller cartel: the 8 families says a lot. Not being rescued from my intolerable abuse caused me to read hundreds of books to find out why. During my childhood I had a NDE which was caused by extreme amounts of stress/pain. I have read that millions of people are having NDEs. It looks like it is our job to stop these crooks. I hope you, Kevin, are one of these stopping this crime, rather than censoring it. My words are deleted a lot when I write them under "highlighted reply" words. I don't even make up this information. I read it and hear it from others.
@davidwhitney1171
2 жыл бұрын
My mother and aunt were young girls in 1929, growing up in East Harlem, the East 100s near Third Avenue. The stock market craze had even reached that neighborhood a few yearsearlier; they told me that in the days following "Black Tuesday" they saw people were wandering around stunned, silent, despairing, lost, like zombies. All this was quickly followed by massive job loss, evictions, and bear-total impoverishment of the area. Their parents knew people who actually committed suicide after losing all in the Crash. Their parents, my grandparents, lost much as well, and for ten years survived by whatever work they could find including, prior to the repeal of Prohibition, the production of bootleg alcohol....
@bridesnyc
2 жыл бұрын
This is 2022! none of this will happen... PP are too modern and has way to make money if they loose money.
@DC-pk5np
Жыл бұрын
@@bridesnyc too modern? 🤣🤣🤣
@aleksaradosavljevic4001
3 жыл бұрын
The Depression Era saw a rise in unemployment and poverty to the point that lots of people helplessly suffered.
@scottthompson3493
2 жыл бұрын
Buckle up ladies and gents because we’re headed right back there. It’s going to be a bumpy ride.
@mikedonalson6740
2 жыл бұрын
Yes indeed it will. Sad to say and sad to see.
@Msrise2thatop
2 жыл бұрын
Very similar to today, be prepared and not surprised. History usually repeats. Excellent and well explained video!
@irridescantgrace1262
Жыл бұрын
yes, finally someone who agrees. We need another F.D.R
@drscopeify
Жыл бұрын
No this was a totally different world, people took out missive loans to gamble on the stock market and some people put every penny they had and took on crazy loans for every penny more and put it all in the stock market and when it crashed in 1929 it was so hard the there were no buyers at all so people could NOT sell out. In 1929 the Dow Jones hit 6000 points which it only hit again in 1960s but that too was not sustainable and the DOW only finally hit 6000 points and never gone below that so it is sustainable in 1990 or 1991 so 1929 was waaaaay too early to hit that level so crazy monster bubble. This reminds me of BITCOIN and how every time there is a run on Bitcoin people go fucking crazy and put waaaay too much money in to Bitcoin and take on crazy risks. Guess what? I think Bitcoin will rise again in the coming years but like I always tell myself, I don't risk what I can't afford to lose :)
@donaldsebolt6890
2 жыл бұрын
Keynes believed in spending during bad times and paying down debt during good times...the problem is our government never bothered to pay down debt and kept expanding. Now future generations will pay for their "sins."
@thomascolucci4984
2 жыл бұрын
We are in the same boat now, build back better may put this country into another depression
@NBportofino
2 жыл бұрын
@@thomascolucci4984 may? We can count on it.
@otherslimjim8783
2 жыл бұрын
I feel the debt will never be payed. The government always has new ways to spend money and raise the price of everything to make the citizens always in its debt!!! (Just my opinion)
@theprofessional1375
2 жыл бұрын
Keynes assumed that after the recession the future prospects and animal spirits of business man would improve and companies would invest again, allowing the government to run surpluses. However, if you look at the sectoral financing balances of the current period, you can see that the aggregate corporate sector is a net saver - and is therefore not a debtor for private household savings. In such a situation, the government has to run constant deficits. The good news: this is possible without any problems because the central bank can ensure solvency at any time, regardless of the interest rate. The only limit is demand-driven inflation.
@victorias1263
2 жыл бұрын
So true it seems as if we are in the perfect storm creating what may be even worse situation not only are we always raising the prices and paying down not enough but at the same time giving out loans where they should not be given out and and allowing people to think it's OK If we do not learn from the past we are destined to keep repeating it Along with this means there will be mass starvation. For the last 2 years I have listened to people Talking about having to live through the depression depression myself not understanding what that meant trying to understand. Listening to the whispers of how we seem to be running down the same path. But that it is some sort of strange plan from the government because they want to own everything and and make it more like a socialist state for us. At that point are we really living in America anymore. Myself I'm not sure I don't think that if you're not allowed to dream if you're not allowed to own your own home. If you have to stand in long lines to get what you need instead of being allowed to work hard for what you have and what you want. That it takes all those dreams away.
@valentinlopez182
2 жыл бұрын
This video summarizes the causes and affects of the Great Depression. Thank you!!!!!!!!!!!!!!!
@ArkmageEDM
Жыл бұрын
*effects
@railrodemike
Жыл бұрын
I was shocked in 2015 after my 85 year old mother stated she had a bloated bellie in 1931from hunger like the kid's in Ethopia. Began taking notes for over a year about familys struggle to survive the Great Deppresion in Oklahoma and now a book. "Miracle On The Tracks".
@JohnDoe-wb4iv
3 жыл бұрын
Here we go again
@girldaddividendinvestor
2 жыл бұрын
Not quite. 🤣🤣
@Solodolo84
2 жыл бұрын
@@girldaddividendinvestor we getting close
@masada667
2 жыл бұрын
No. The right people are in place to keep regulations in place. Deregulation will trigger another crisis, i.e. the 08 housing crisis? Don't worry Chicken Little, the sky isn't falling.
@JasonLewis42
2 жыл бұрын
Well they set a terrible precedent in 2008 with that whole “to big to fail” BS. There is no such thing as too big to fail, America itself is not too big to fail. Now if big businesses have big losses the people running those big businesses will be like “No worries we are too big to fail. So put our losses on the backs of the American citizens let them pay for our mistakes”. When America goes down the drain do you think the rest of the world will think that America is too big to fail so the rest of the world should prop up America 🤷♂️
@mrsqueegee4240
2 жыл бұрын
@@masada667 lol
@richardtrudeau7363
2 жыл бұрын
The one on the coming Horizon will make the Great Depression like a dip in the Road.
@AngelCoyoteMusic
2 жыл бұрын
Yep.
@MrsStevenBrown
2 жыл бұрын
I’m actually kinda anxious about it!
@myststyque5053
2 жыл бұрын
You are so right...the sins of the parents fall on the children...we haven't learned our lesson so history will/must repeat itself....
@8House
2 жыл бұрын
@@myststyque5053 No. The sins of the evil globalists. They want you to blame each other.
@Blue1Sapphire
2 жыл бұрын
One of the richest kings in Ancient Israel said in Proverbs, " the borrower is a slave to the lender". The world is awash in debt that cannot be repaid. That doesnt bode well for anyone. Living within ones means is as good today, as it was 2800 yrs ago. And as u rightly say, the next depression will make the 30's look like a picnic.
@dekhnazara1
2 жыл бұрын
This is so well summarized and explained.
@joesmith3590
Жыл бұрын
This is a average summary made by someone that has the most general knowledge. Stock markets don’t just crash. There was a liquidity crisis first and since they used the gold standard governments couldn’t print money to stimulate the economy. This is the primary reason governments left the gold standard. The Great Depression was a liquidity crisis. The proof is nearly every government left the gold standard.
@dekhnazara1
Жыл бұрын
@@joesmith3590 yes for sure.
@toddspickelmier3728
2 жыл бұрын
Time to get ready for another one this year
@SandfordSmythe
2 жыл бұрын
Or more economic stimuli.
@theshawnpalmer1326
3 жыл бұрын
Sounds like 2022
@markwolfshohl6562
2 жыл бұрын
Roosevelt’s New Deal DID NOT end the Depression. WWII ended it. Overall pretty fair video
@july9566
2 жыл бұрын
Yeah but as poor old Herbert Hoover found out , the buck stops with the president . FDR has legend status because of it.
@MorpheusOne
2 жыл бұрын
It's true that WWII ended the Great Depression. However, if the New Deal had never happened there is a great deal of evidence that Hitler would have one the war. So, while the War was ended by the Great Depression, the New Deal won the War...for the Allies!
@jessicabixler1658
2 жыл бұрын
The new deal ushered in a decades of post war boom for the middle class
@NoirChat138
2 жыл бұрын
Well, at least we got the Hoover dam out of the deal
@144Seal
2 жыл бұрын
Spot On
@ronaldisrow8055
2 жыл бұрын
I fell bad for all those children from then I couldn’t imagine how helpless they must of felt
@pureenergy4578
2 жыл бұрын
Those children were my grandparents and parents. They became super paranoid, hungry and anti-social. They acted this way towards me which caused me to become super anti-social and homeless. 200 books later I am writing all this. THE FEDERAL RESERVE CARTEL: THE 8 FAMILIES is an article that says bankers gained a fortune from that STEAL that they did on purpose to make themselves wealthy. Everyone needs to know about these cartels that have formed themselves on purpose to take from all of us. This includes the medical cartel and the military cartel. Corporations are cartels in most cases because they only care about themselves.
@rachelgandee6541
2 жыл бұрын
Thanks for posting this video. I am in American history in high school. And I needed to see this
@CaptivatingHistory
2 жыл бұрын
We're glad to have helped Rachel. Good luck in school!
@rachelgandee6541
2 жыл бұрын
@@CaptivatingHistory thanks
@whiteindianone
2 жыл бұрын
and you are a brain washed person. nothing FDR did worked.
@jacob4920
2 жыл бұрын
"Don't let the misleading Title fool you. 'The Great Depression' Book is about the Great Depression." He doesn't specifically say this, but this just ran through my head as I was listening to the book advertisements at the end of the video.
@jimh8644
2 жыл бұрын
The 2020's are the 1920's all over again - we can't seem to learn from experience (history). Hang on! Here it comes. Prepare for impact.
@homesteadontheridge
2 жыл бұрын
People need to prepare. Times are so different now. People were able to survive back then on little to nothing. Now we have obesity, fast food restaurants on every street corner, and a cell phone in every hand. Most people won't survive past 90-120 days.
@Pdmc-vu5gj
2 жыл бұрын
Entirely different economic dynamic
@jimhandler1129
2 жыл бұрын
Thought this was my comment
@t.radicale.
Жыл бұрын
I agree that this history is repeating itself 💯
@ericmadsen7470
2 жыл бұрын
The only difference compared to today is, the gold standard was still connected to the dollar at that time.
@Solodolo84
2 жыл бұрын
Yup, that's why they wanted people to turn in their gold for notes. Then, years later what did you see? Cash-for-gold all over again.
@ashdgee
2 жыл бұрын
I remember this from my history studies back in high school. What a challenging period for the Americans that were present these times. I had to come search Great Depression videos as a result of what’s happening currently in the stock market. I wish I could sit and chat with anyone who survived this torrid depression
@203207ab
2 жыл бұрын
go ask biden our current prez, i'm sure he remembers this time very clearly.
@astrofrk
2 жыл бұрын
Go find an elderly person because they are dying out fast. Many are in nursing homes and they would be happy to speak to anyone willing to listen. My grandma had stories to tell and not tell, as I later found out.
@milankovacevic1483
3 жыл бұрын
Please do one about economic crisis of 2008 and one about Slavs. Great channel and video montage btw. Subscribed in under a minute.
@mikerice5298
2 жыл бұрын
26 trillion to banks and company for too big to fail
@deborahsheldon9951
2 жыл бұрын
Hyper inflation is happening right now in the US due to out of control government spending. The current younger generation have never known hard times and I'm afraid it is coming. Basic survival skills aren't taught any longer, wait until the power and cell phones go down.
@homesteadontheridge
2 жыл бұрын
People won't survive past 90 days. That's being generous. People are too dependent on stores to give them everything they need. As for me and my family, we are ready. I've been preparing for this over the past couple years.
@stemikger
2 жыл бұрын
This was awesome!! So well done! Thank you!
@georgedeedsnotwords2162
2 жыл бұрын
That took a long time to say corporate greed passed employee pay ! When the bottom(foundation) of the pyramid collapses the upper floors must fall .
@chrispychicken9614
2 жыл бұрын
When people slowly die from not eating enough food in OTHER countries it’s called “Starvation”, but in the U.S. these deaths have historically been recorded as “Malnutrition.” I wonder why? 🤔
@linaresflor7919
2 жыл бұрын
Thanks for helping me with my report
@jbackus9662
2 жыл бұрын
This was a horrible time. BUT NOTHING COMPARED TO WHAT'S HAPPENING NOW AND THE VERY NEAR FUTURE
@speedracer2336
2 жыл бұрын
With a 30 trillion and growing debt, we are going to experience another one that will make the 30s look like great times!
@dixiebrick
2 жыл бұрын
History repeating?
@speedracer2336
2 жыл бұрын
@@dixiebrick yes, but much more. China, Japan, Germany, Korea, England, etc., are not broke and head over heels in debt!
@theprofessional1375
2 жыл бұрын
A distinction must be made between public and private debt. The former can always be served via the central bank, which is the currency issuer, the private debts can not. At the time of the stock market crash, the american states budget was in surplus.
@davidnorton7437
2 жыл бұрын
Spot on.
@missmodern
2 жыл бұрын
Right?
@BashoStrikes
Жыл бұрын
Some people and companies became extremely wealthier due to the Great Depression. It wasn't "depressing" for everyone.
@indridragoj9821
2 жыл бұрын
'The rise of the far right', 1.30 and the videos showes Lenin hahahha. Unbeliavable.
@danielpatrickstover1988
2 жыл бұрын
I had to rewind to make sure I heard that right. What the fuck?
@rhess10
2 жыл бұрын
@@danielpatrickstover1988 I thought I heard that too. Must have been written by a leftist. They rarely understand it acknowledge actual history.
@iAmCarlton
2 жыл бұрын
Everything is the rights fault lol.
@ScottPutnamART
2 жыл бұрын
Yeah I laughed too
@lindaeasley5606
2 жыл бұрын
My ancestors missed out on those good times of the 1920s ( dirt poor farm laborers) and stayed in California migrant camps from 1936-1941
@bartwilloughby2909
2 жыл бұрын
The picture of the lady with the children was taken in Nipomo , California off Oak Glen street.
@jameshenderson3238
Жыл бұрын
An extremely informative video History does repeat itself.
@joetwitter1741
2 жыл бұрын
Now my country sri lanka is going through this. Please pray for us
@martinacrosby5259
2 жыл бұрын
Every time I see pictures of people in the Great Depression standing in food lines, I notice everyone is male. What lines did the women and children stand in? Why are most photos of just men?
@JP-yl6on
2 жыл бұрын
The men went to get the food. They stood in lines and the women stayed home with the children.
@schrodingerscat7252
2 жыл бұрын
They were cheating on their husbands
@kevinlykins2534
2 жыл бұрын
This Country should have never been in a depression, or a recession, it was done on purpose
@Bluemoon-sd8vp
2 жыл бұрын
Not only done on purpose... It was planned. Those poor souls. They were so ashamed and it wasn't their fault.
@lr8424
Жыл бұрын
By the same people who are causing the downfall now. Jesus Christ told us who they are in John eight forty four.
@jackfrost90999
Жыл бұрын
End the FED
@aaronfurlough7503
Жыл бұрын
Should mention - FDR's ambitious plan transformed the Tennessee Valley by creating dams and reservoirs for electricity and flood control, controlling soil erosion through forest restoration and better farming techniques, and improving navigation and commerce along the Tennessee River. This was huge and still here today.
@torya400
2 жыл бұрын
We seem to overlook the fact that the US was already headed out of the depression when FDR took office. Many books and scholars believe it was his policies that extended the depression up to 10 years. And as a consequence, inflated the currency. So the GDP is much better, but a dollar would buy less. And now much more dollars in the form of taxes were going to the US government for entitlement programs that very few now will see in their lifetimes.
@lot110
Жыл бұрын
Lol, what a shit take! If not for massive government spending on the war effort capitalism would have died! Socialism saved this shit country because the military is a public institution that provided most men with a job!
@ToadHallPub
Жыл бұрын
That was a word salad of the highest level of nonsense. If the Great Depression was caused by the sheer stupidity of the citizens of the most powerful nation on the planet, you are the canary in the coal mine harbinger of the next one.
@ArkaeaFCL3
3 жыл бұрын
I love history. And this channel is really interesting!
@missmodern
2 жыл бұрын
I love math but history has certainly become more interesting the older I get.
@michaelbradley7621
2 жыл бұрын
Plenty of people viewed the Great Depression as an excellent opportunity to further exploit their fellow country man for his labor. Our system is built on a rotten foundation of selfishness and greed, so how can we stand long term?
@allenhanks7719
Жыл бұрын
Do a vid on the Great Depression coming soon
@th3revolutionary715
2 жыл бұрын
“Rise of Far Right” *shows hammer and sickle* the symbol of far LEFT
@jacobbehunin
2 жыл бұрын
Not sure why these people keep putting Nazis on the Far-Right. Nazis were socialists...which is a Left-Wing ideology.
@everetttimmons36
2 жыл бұрын
If anyone actually studies history anymore they would know Hitler and the Nazis were Socialists. "National Socialist Workers Party of Germany"
@Ken-ec5qp
Жыл бұрын
I could not believe he said that.
@zmw4723
Жыл бұрын
@ 1:30 you say "It was not enough to prevent the rise of the far right during the 20's", while showing a crowd with someone holding the far left hammer and sickle symbol of communism. @ 2:27 you say "the Umpire State Building." It's called the Empire State Building.
@Andesite-M.Y.B
Ай бұрын
This Amidu guy, ur song is really making an impact in my life. It reminds me of my deceased brother, Dan RIP #tikubwera😢❤🙌🏾
@dj_sheep4658
2 жыл бұрын
But can you explain my depression
@Localstocker65
2 жыл бұрын
The 1920s seem alot like the 2020s 1920s:great depression. 2020s:covid. .
@tawnnope7196
2 жыл бұрын
History repeating itself It happens and starts over every 80 to 100 years. Look up the 4th turning
@dandrake337
2 жыл бұрын
The Communist Cold… I mean Covid… wouldn’t even be a footnote in history if they didn’t shut the world down over the over 99% survivable cough.
@8House
2 жыл бұрын
This is a very vanilla look at the policies implemented during the 1930s.
@scottbatterman5525
2 жыл бұрын
The Empire State Building and Rockefeller Center were NOT built in this period. ESB was started in 1930, and Rockefeller Center was started in 1931, AFTER the Depression began.
@ferretnip8090
2 жыл бұрын
So it was built in that period then... with time a period does not just mean a start date it is from beginning to end. The great depression period started around 1929 and ending around 1939. As you said The Empire State Building's construction started in 1930... so it was most definitely within this time period. And the construction was finished only a year and 45 days later. so in 1931! So relax Scott 😘
@diontaedaughtry974
2 жыл бұрын
Thank you this was very helpful and informative 👍👍
@jennymontague851
2 жыл бұрын
We all need to learn more about our history to hopefully prevent some of the messes made in the past so we don't make them again.
@sarahmc8309
2 жыл бұрын
They are sadly happening now and no one bats an eye :( we are heading for Great Depression in 2023! Keep stocking up !
@roberthelring6372
2 жыл бұрын
@@sarahmc8309 you’re right
@davegreene1198
2 жыл бұрын
Sounds like government overreach made it worse.
@DrRock2009
2 жыл бұрын
What a surprise…🙄
@Pdmc-vu5gj
2 жыл бұрын
Huh? Coolidge and Hoover in the roaring 20s were the most hands off free market GOP presidents this country has had.
@stud_ley
Жыл бұрын
A quarter of Americans were left unemployed during the depression. Compare that number to what the distribution of income was at that time, as well as the value of the dollar for those who were still employed.
@buckfan1969
2 жыл бұрын
The Fed could have prevented the deflation if they'd increased the money supply. Instead they tightened the money supply, turning a recession into a depression. Deflation is more difficult to fix due to the psychology of a deflationary cycle; people don't buy today because they know it will be cheaper tomorrow. And cheaper yet the next day. That's why everything FDR did was not only pointless; it created problems we still face today, and we didn't get out of the Depression until WWII.
@Hyperpandas
2 жыл бұрын
Iirc, the Fed didn't have a much control over money supply them as it did now. Also, FDR's New Deal policies is exactly what's called for during economic stagnation, in terms of fiscal policy.
@buckfan1969
2 жыл бұрын
@@Hyperpandas They must have had control over the money supply, because they actually shrank it. Fiscal policy w/o the monetary policy doesn't work. Kinda like now; we should have raised interest rates a couple points by now to combat inflation, but they can't. Why? Because if they raised the rates we'd default on the deficit; we couldn't pay the interest.
@Hyperpandas
2 жыл бұрын
@@buckfan1969 Like I said, it didn't have the same level of control. And fiscal policy does work without monetary policy for clear and demonstrable reasons. They're just stronger when pulling in the same direction. Also, fwiw, raising rates wouldn't have targeted the cause of current inflation, and it also would have done more economic damage than current inflation.
@buckfan1969
2 жыл бұрын
@@Hyperpandas Short term inflation is hurting now! Retailers and restaurants can't hire. Why? Because of all the free money that's been thrown out there already. A perfect example of the key problem with fiscal policy, which I'll mention in a moment. ...... Everyone talks about the short term effects of inflation. Nobody talks about the long term; factories moving overseas, more imports, weaker dollar, unemployment. Called stagflation in the late 70's. Fiscal doesn't work well for two reasons; it takes too long (remember 'shovel ready') and often hits after the business cycle has already started the inevitable upswing. (Like now) And sooner or later you have to pay for it. We're currently paying the price with the inflation. The Fed can't raise prime rates like they could in the old days; such as in 1982 when mortgages were going for 16% interest. If they raised it two points now we'd default on the national debt. And that's WHY the gov't is promoting inflation; they'll be paying back the loan with cheaper money. Fiscal was a bad idea when Keynes developed it and it's the root cause of many of the social and economic issues in this country today.
@Hyperpandas
2 жыл бұрын
@@buckfan1969 You're making an awful lot of leaps without justification. Also, exactly what impact do you imagine rate hikes have on public debt that's already accumulated? Also, you've already implicitly acknowledged the utility of fiscal policy with your opening comment and mention of WWII. Wartime production functions in the exact same way.
@jaysomewhereinflyoverterri735
2 жыл бұрын
FDR was not the man that got the US out of the great depression. FDR's neo socialist policies actually extended the great depression, in my opinion. FDR, like Woodrow Wilson, believed in big government socialism. And the newspapers and the radio believed in FDR and because of this, he has been lionized in history as the man who brought our nation out of the great depression. The only thing that did that was the need for the US to enter WW2. Now, let's move foward to LBJ who signed the act that started the war on poverty. This has costed trillions of dollars and has only increased poverty. Next came the fiasco that was James Earl Carter. I need to keep this short, so let's move on to Obama's affordable medical care con job on the American people. And, now we have Joe Biden's reckless policies. So, look where we are at now. We are on the edge of a precipice of lawlessness, poverty, and, soon to come, starvation on a mass scale. My point here is that Democratic leadership in the US has always lead to hardship, while conservative leadership has always lead to prosperity.
@SandfordSmythe
2 жыл бұрын
FDR got the Feds involved because the states wouldn't or couldn't help out.
@silverman5707
Жыл бұрын
You forgot Reagan’s trickle down tax con job and Trump’s tax cut where 80% went to the top 10%.
@williamwade2674
11 ай бұрын
care to explain reaganomics then?
@chardelraconner7324
7 ай бұрын
tension and slack isn't a multi ethnic battlefield within when your allowing yourself to be vulnerable either direction
@chrisbiro1
2 жыл бұрын
It is commonly argued FDR's policies only delayed the recovery process.
@jerimiahstephens8580
2 жыл бұрын
Exactly. The war turned the U.S. economy around not the great new deal. Hand outs don't make the world go round, manufacturing and commerce saved the country.
@gregb6469
2 жыл бұрын
The New Deal was fascism-lite.
@whatwhome6914
2 жыл бұрын
Even though I am a conservative, I believe the Social Security Act was a good thing.
@chrisbiro1
2 жыл бұрын
@@whatwhome6914 I will agree the idea was good but the way it was implemented is a disaster. Individual accounts should be maintained, not individual's money deposited as a tax, with benefits being paid for by new "depositors" as it comes in. That is a ponzi scheme, plain and simple.
@Beekeeper8011
2 жыл бұрын
@@whatwhome6914 $30 trillion worth of US debt would like to have a word with you.
@detectiveofmoneypolitics
Жыл бұрын
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤
@traviscoates6878
Жыл бұрын
If the dust bowl happened now, people would be screaming about “climate change.” When in reality, it’s just climate
@tresboujay
2 жыл бұрын
Dropped by for a refresher considering the news as of late.
@avnsteve1
2 жыл бұрын
"Come on rats! Make that wheel spin faster!" "It's good for the 'economy'"
@vishyswa
2 жыл бұрын
The "rise of the far right during the twenties" w/ photo of Lenin giving an public speech. Nothing like a little history modification. Did anyone else notice this?
@user-dm1tv6nl2e
2 жыл бұрын
Yep. Pretty glaring alteration
@vishyswa
2 жыл бұрын
@@user-dm1tv6nl2e The name of the channel should be changed to "Modifying History".
@TheEunoiaProject
3 жыл бұрын
This was awesome!
@GREGWATSON-lc8cc
2 ай бұрын
Im newly retired. Im living well
@Amaan.Q7
3 жыл бұрын
I love this channel soo much. Thank for such quality content :))
@CaptivatingHistory
3 жыл бұрын
Thanks Amaan, we appreciate your comment!
@poisoned_city_lights
7 ай бұрын
God it feels like a repeat of history 10 fold right now😮💨
@tmgclips5300
2 жыл бұрын
Bruh poor countries live in these conditions daily
@marauder450
2 жыл бұрын
When the banks closed how did they collect or foreclose loans?
@dl6262
Жыл бұрын
It’s pronounced, Empire State Building. Not Umpire. 2:26
@ProfessorKenneth
2 жыл бұрын
I can't wait till they talk about the 2020s... Like in the Year 3022
@bridesnyc
2 жыл бұрын
What would they say? Realtors/house owners got greedy and sold houses with 80s bathrooms for $1 million.. Everyone got free money even the ones working full time, big companies took all the loan money that supposed to help small biz.
@21stCenturyEconomy
2 жыл бұрын
Zero intervention would have solved everything in a year. 1920 is a great example of that
@MrBigspendn
2 жыл бұрын
This country could never withstand a depression again. We don't know how to come and work together. It would be a bloodbath.
@bridesnyc
2 жыл бұрын
The 1st thing pp would do is break into gucci stores..lol
@ruthlessmofo
2 жыл бұрын
It's going to be a free-for-all
@michaelschneider2874
2 жыл бұрын
Unemployment in the US does not Include the people who Timed Out because of Age , injuries , or Lack of an address !
@gavingleemonex3898
Жыл бұрын
I think that during the depression, somebody was going around dropping banana peels on the ground all over the place, and that's the reason people of that era suffered more injuries from slipping on banana peels.
@jasmine-uh6pp
Жыл бұрын
Are you being sarcastic?
@stixstrumentals8623
3 жыл бұрын
Most of Those people didn't have or probably had no clue of the Diamond hands theory
@WheelchairWolverine
2 жыл бұрын
I’ve never heard of this. Got a brief description or should I just ask goo… you know what, I’ll just go to google. If already have the answer if I wasn’t still typing. Thanks for pointing me down a new rabbit hole! 😂
@chrisfisher1100
2 жыл бұрын
You can easily sum it up in one word... But i wont because they will just delete it
@HeatherEM
2 жыл бұрын
Who’s watching this in 2022 like.. welp, here we go.
@XDTrokts
3 жыл бұрын
11:50 not 11:00
@wyndwalkerranger7421
2 жыл бұрын
I wish he had discussed the Federal Reserve's involvement in creating the depression. .
@gregwatson8219
2 жыл бұрын
Great Dpression created Bonnie& Clyde
@BrokenneckYgor
2 жыл бұрын
Many peeps suffer from depression an we still haven’t cured it
@jwchamberlain5862
5 ай бұрын
The picture of FDR opposite JM Keynes was taken day b4 he died 12 April 1945
@oliviaortiz5157
2 жыл бұрын
Mexico looking better everyday🤔Ummm we're happy to be a humble COUNTRY 😅☺️🤗 no luxuries but land and sea with food!!! THANK YOU JESUS🙏
@tonyhuerta8964
2 жыл бұрын
So is the next empire being made right now and America with no longer be the superpower holding the cards?
@etchalaco9971
Жыл бұрын
Tax cuts for spending in a shrinking world market, consumerism of the rich, unregulated finacial market selling stocks and shares to the poor, professiinal speculators, easy loans, industrialization of farms...what party was in charge?
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