How the US Outspent the USSR - Point Four Program Cold War DOCUMENTARY

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Our historical documentary series on the history of the Cold War continues with a video on the Point Four Program - a US governmental program created as a counterpart of the Marshall Plan for Asia, Africa and South America.
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[@Game_Hero]

Would love someday an episode about the creation of the World Bank and UNESCO if they haven't been made already.

[@Game_Hero]

Thanks for the video, didn't knew there was a precursor to USAID.

[@moonwolfv671]

I guess the only thing which bothers me about the international and foreign aid programmes is when it starts off as giving a helping hand to those countries which need help, but turns into a global game of seeing which countries you can woo over to extend your influence. Don't know how often the former ever really happens, but I like to think it does.

[@johnsteiner3417]

Beau of the Fifth Column [also on youtube] describes the international scene as a huge poker game where everyone is cheating.

[@PaulSandersonYup]

American foreign aid never even started off as a helping hand, it was birthed as a ploy.

[@extrahistory8956]

It was this sort of thing what made the Second Congo War as bad as it was. The Rwandan Genocide, mixed with the political problems around the decaying Mobutu regime lead to the First Congo War, but once Mobutu took advantage of the conflict to obtain foreign aid, the conflict turned into a global gamble.

[@johnsteiner3417]

@@extrahistory8956 That's how the game is played from the perspective of less powerful nations. They know they don't have the direct power, so they find a way to get major powers to vie for whatever the lesser power says they can offer.

[@Luthies]

I'd say the former happens quite often in the case of smaller countries, for example both sweden, norway and the netherlands have quite generous foreign aid budgets for their size, 5-6.5 billion USD per year in recent years, yet aren't exactly competing for global superpower status.

[@rnklv8281]

Your video presentation made a good point on how an idea/concept with good intentions (like the Point Four foreign aid program to improve living/economic conditions in Third World countries) can be difficult to implement in our "real" physical world (our world with so many variables, does not always conform kindly to "good intention" concepts/ideas). Although the Point Four Program was abandoned, it was a learning process for future Aid programs that would emerge.

[@mg4361]

So basically, the US had its own belt and road initiative

[@Game_Hero]

without the cheesy ads with children singing.

[@itsblitz4437]

But can't surpass China's that is for sure.

[@viewer-of-content]

it sort of still does. development aid, and being the largest funder of: many U.N. programs, the W.E.F., the I.H.S, the World Bank. The USA Federal Government makes direct and indirect investment under 1000s of names, and has learned hiding your investment influence helps mitigate resentment.

[@barkydogable]

The US unfortunately has the habit of sticking its nose into situations of conflict around the world because of a bunch of altruistic leaders. The first American president George Washington warned his people about the danger of doing this.

[@Aristocrat1cs]

@@itsblitz4437 china's economy is based on stealing other IPs from other countries mainly the US. They don't innovate

[@robertortiz-wilson1588]

Very informative video!

[@brokenbridge6316]

A nicely informative video

[@billvolovski2440]

Not to be picky, but the Secretary of State that you show on the TV is John Foster Dulles, Ike's secretary not Truman's.

[@howilearned2stopworrying508]

what if saucer people showed up in the 50's and made a similar humanitarian offer? Check out Arthur C. Clarke's iconic "Childhood's End"

[@relaxedsack1263]

Stop the bullfighting or I will block out the sun.

[@Mrgunsngear]

Thanks

[@Andrew-hn3hh]

Awesome

[@mrmr446]

How difficult could it have been to incentivise companies to take part? Payment guaranteed by the government who makes an agreement with country concerned to repay on favourable terms? That's the approach for weapons sales or military aid so I find the scepticism understandable.

[@beepboop204]

moral hazard

[@senderkelb4504]

Weapon sales and military aid get paid by the US Government in full to military contractors, the us government then makes sure that it gets paid...

[@beepboop204]

@@senderkelb4504 shareholders sure do like being paid upfront

[@senderkelb4504]

@@beepboop204 it just make sense honestly, companies cant survive out of good faith between countries

[@robertortiz-wilson1588]

@@senderkelb4504 yep.

[@Sniperboy5551]

International politics is so interesting! I love videos like this because it shows us how history has lead us to where we are now with regards to international relations.

[@sebastianhalmagean7037]

Good morning, what a great video to watch on the shitter!!

[@kilgoretrout413]

I envy you your bowels - not nearly long enough for me now 😢

[@sebastianhalmagean7037]

@@kilgoretrout413 nah man you don’t want this, I have perfuse diarrhea and have been on the toilet most of the day

[@vanguardblue]

@@sebastianhalmagean7037 pepto blessings upon you

[@jonmcgee6987]

Holy crap, you made me laugh so hard some of my Thanksgiving ham got on my computer monitor.

[@sebastianhalmagean7037]

@@jonmcgee6987 I'm glad you enjoyed your thanksgiving my friend!

[@ASLUHLUHCE]

Does anyone know what the outro music is?

[@PaulSandersonYup]

Any mention of The Marshall Plan needs accompanied by an explanation of America's monetary motivation. Prior to Bretton-Woods, it was still undecided whether the GBP would share the status of "World's Reserve Currency" alongside the USD, or whether America would fully commit to financial hegemony. The latter prevailed, to the Brits' shock, as America leveraged its TWO THIRDS of the world's gold supply to ensure the USD would be the ONLY currency convertible to gold. So overnight, America's greenback became the world's de facto currency. First, this caused a run on the dollar as the world rushed to hold that currency. Then, post-war Americans enjoyed that surge through a boom in purchasing power. Finally, it resulted in an inflationary spiral, fewer Americans could afford goods as our currency became tighter domestically. But how could the inflation be tamed while still maintaining our hard-won global reserve status? Fixed-rate convertibility to gold meant that money could not be printed or taken out of circulation. So instead, billions of dollars in new debt (not currency) was created with the terms of acceptance to Europe being: agree to the dollar's hegemony, eliminate protectionist measures against US imports, and increase exports to the US. The Marshall Plan was more about American economic hegemony and instability than charity, or those strings would not have been attached.

[@Sniperboy5551]

Exactly, you explained it far more succinctly and clearly than I could have.

[@emuevalrandomised9129]

Notification gang

[@tokyosmash]

Gang gang

[@taiyeebmuhtadizawad3391]

yeah

[@Neversa]

I'm not here from notifications, my heart called me

[@EbonySaints]

@@Neversa I would like to say the same, but it ended up on my front page.

[@prastagus3]

very interesting info here on Point 4. Incidentally, China is staring the LuBan Technical Assistance Program in additional to Confucius Institution now. If it can avoid this becoming another type of "trade deal", perhaps it will achieve what Point 4 originally had set out to do.

[@Game_Hero]

The Confucius Institutes proved their purpose : propaganda and Pro-CCP messages. It might just be because I'm against any government-sponsored educational faculties which are bound to be in a conflict of interest and untransparent, but there is a reason why many are cutting ties with them recently. Superpowers are superpowers, empires seeking to improve their PR, China is no different.

[@ftwcrazyman]

China's dealings with other countries have already shown that it mirrors the very issues Iran and India criticized the US for in 1953. For example, Chinese fishing rights off the coast of Iran years earlier have enraged the locals affected despite the govt touting it a success against American imperialism. For Kyrgyzstan where the Chinese mining industry set it's eyes on after 1991, the supposed returns the country was to gain have only been pocketed by the government and has had a disastrous effect on the local environment and it's people (smog, waste dumping etc.) Trusting the hegemons of the world order is a fool's errand, and China, being the oldest, is no exception.

[@prastagus3]

@@ftwcrazyman " the supposed returns the country was to gain have only been pocketed by the government " - how's this China's fault? "despite the govt touting it a success against American imperialism" - again, how's this China's fault if Iranian government is fine with it?

[@AlamoOriginal]

@@prastagus3 it was China's fault to still take advantage of it despite the consequences, it applies to all great powers who use that kind of use for exclusive extraterritoriality and trade rights, in China's case its to show the fact that all in all it ends up being beneficial to only China itself and the corrupt officials from within said countries

[@prastagus3]

@@AlamoOriginal China is not responsible for any countries' own domestic troubles. It is not policeman of the world. Only the people in their country is responsible for their own country. So stop pretending you cared about those countries as much as this is just about blaming China for all ills.

[@HarrisonGoldfarb]

Could we get a special on the difference between the American Christmas Season and its history, vs the Soviet Union's?

[@admiralbrown9334]

Would you ever consider doing a video about "La Violencia" in Colombia?

[@arassadeghi3998]

is it possible to make a video about the baghdad pact?

[@Game_Hero]

Didn't they already do a video about it among other similar organizations?

[@TheColdWarTV]

We actually did an episode looking at CENTO, SEATO, and ANZUS: kzbin.info/www/bejne/o3PbdGqEgNiUb8k

[@arassadeghi3998]

@@TheColdWarTV thanks

[@nohypocrisy]

the mind, the soul, idea, intention, reason, fear, health

[@Numba003]

What a world we might live in if we could all just learn to love each other. Thanks for another interesting video on an often overlooked aspect of post-WW2. God be with you out there, everybody. ✝️ :)

[@robertortiz-wilson1588]

God bless you too!

[@RADIZ2013]

Is it just me or does point four sound like China's Belt and Road initiative

[@juanf5391]

H. Truman. My favorite president.

[@SamVillano]

I really like your videos, and you’re clearly an expert, but I wish that the description included sources and your biography. The channel doesn’t even give your name.

[@beepboop204]

his name is David and he uses Magellin TV 😜

[@SamVillano]

@@beepboop204 Yes, his name is David Magellin TV 😂

[@ferrofilos]

Probably Peron reject the help

[@cd5433]

It’s funny that all of South America except Argentina signed up .. hmm.. I wonder why hahah

[@user-rw5cx1uh4i]

Back in time Americans weren't stupid.

[@bigsarge2085]

✌️

[@svumaster]

Was it really a aid program.

[@Skibike69]

Please kill the music

[@mat3714]

Algorithm

[@stevenpetranyi2902]

X

[@printsev]

So Ukraine is just another .4

[@melvinhayes2554]

[̲̅p][̲̅r][̲̅o][̲̅m][̲̅o][̲̅s][̲̅m] 😞

[@noobster4779]

Considering that the Allies illegally invaded Iran in 1941, occupied it for 4 years and starved several millions of them to death this was the least they could do for them. Not even mentioning the "trade deals" Iran was forced to sign for the britsh to stop the occupation giving the british empire all the oil of the country... Iran is the biggest allied crime of WW2 compelatly ignored today in the west. AAAAnd all the money went into the iranian petrolium industry....which was owned by the british after the forced treaties...so much for not funding europe lol

[@tictac2therevenge291]

as if there were such thing as a "legal invasion"

[@cjclark1208]

@@xunqianbaidu6917 Ohhh caused by the Soviet’s as they were dealing with and repulsing an German invasion while maintaining their own agricultural and manufacturing sectors to feed the war time economy? The US is worse then the Soviet Union ever was and still is to this day, but you’ll ignore that and all these literal examples and facts because what?!./ Red scare; big bad commies fault right?

[@mudkipsarelife4885]

@@tictac2therevenge291 Would a UN intervention count as a legal invasion?

[@tictac2therevenge291]

@@mudkipsarelife4885 depends who you ask, I guess if it's approved by the UN it's as legal as it's going to get, but when was the last time the UN approved an invasion

[@mudkipsarelife4885]

@@tictac2therevenge291 uh korea i guess

[@Pr1ckles]

What I find crazy is that the annual US defence budget is around $700(?) billion and, well, we have no real idea of what gear they have just in case, so if Russia throws the toys out of the pram then that's really the only way we'll find out 🤷‍♂️. I'm putting my money on ninja monkeys.

[@stevenpetranyi2902]

Stalin

[@saturationstation1446]

TLDW by leveraging the power gained from centuries of european colonialism.

[@Mondo762]

The United States never had a "colony". In fact, the US has always been against Europe having colonies.

[@westernorthodox]

@@Mondo762 Puerto Rico, Guam and American Samoa are still colonies of the United States... The Philippines was a colony from 1898 - 1945. Liberia was a U.S colony from 1822 - 1847. Hawaii was a U.S colony from 1898 - 1959 before it became the 50th state. Cuba was a U.S protectorate from 1898 - 1902. You obviously slept through high school history class.

[@Mondo762]

@@westernorthodox I took real history classes and paid attention. Stop the personal insults and try learning from someone that has traveled the world (58 countries) and studied the history of many of those places. I have lived in the Far East, Latin America and Europe. I was born in Japan and traveled extensively for the first 55 years of my life. What many people call "Colonies" are actually "Territories" owned by their respective countries. Big difference betweeen the two. The United States has never drained the riches and resources of another country like many European countries have. There are examples in recent history of the US supporting real colonies against their mother countries. The 1956 Suez Crisis is just one example, where the US stopped Britain, France and Israel from invading Egypt. See the history of the United Nations for more examples.

[@westernorthodox]

@@Mondo762 I just listed off every nation that is/was a U.S colony at some point in history and you completely ignored that to talk about the Suez Crisis, which is a completely irrelevant affair that had more to do with getting Egypt on our side against the Soviets than it had to do with "decolonization". Why do you boomers only think about history in your lifetime? You do know this country is 246 years old right? Puerto rico has (and still is) been a U.S colony for 124 years, longer than you have been alive. Puerto ricans have never had an independent country for themselves in 529 years since they were a Spanish colony. The native Hawaiian government was overthrown by American businessmen solely to exploit the people and resources of the island. And we continue to exploit Hawaii's amenities and culture to satisfy ignorant tourists like yourself.

[@Mondo762]

@@westernorthodox You can't even read

[@gbafongbafon]

African Americans said thanks for nothing 👍