20th Century Capitalism and Regulation in the United States

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Overview of cycles of regulation, de-regulation and government in 20th century US capitalism
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[@jazerazo]

"hopefully you find that interesting" All your videos are interesting Sal!!!

[@VyNguyen-ud5do]

Trustbusting had played a major in lessening the influence of these magnates. Good job, bro!!!!!

[@bobbyewing311]

Very informative as usual Khan. I really enjoy these videos.

[@montenegrin2011]

Immensely relevant analysis. Especially within the context of elections and policy proposals...

[@sonnybrown4758]

Excellent video as usual. Keep this amazing work going please.

[@Alezander333]

when is the next history video going to come up ? really like what you've been doin'

[@firerulesthesky]

@khanacademy It would be great if you could do a video over stagnation (Carter/Reagan), supply side, and demand side economics.

[@EliteKiller07]

Could you do a video explaining more in-depth of how the 2008 collapse happened? I watched the documentary "Inside Job" which explains it pretty well, but you seem to explain things a lot better.

[@Waranle]

Thank you Sal

[@LalallaSN]

My good Sir I Think I learn more from you than from school.

[@JeanLeDragonOFF]

Is the mention of the Square deal for Teddy Roosevelt relevant ? (Corporation control is kinda linked to the "Trust buster" etiquette nah?) I'm not from the US so just asking. thanks for the nice vid anyway!!

[@TheJack9588]

YOU ARE A GENIUS

[@Ronnicus]

Man I KNOW i learn more from this guy than from my school

[@AznBorderGuard]

thank you sal you saved me from my AP US exam

[@paulceltics]

thanks

[@hedonism13]

I think towards the end of the video, is the closest we'll ever see Sal getting pissed off.

[@ch1kusoo]

Why no mention of the Depression of 1920-1921 under Warren G Harding and Calvin Coolidge?

[@sonnybrown4758]

AH, close, but I'd like to see more about the industrialists of the late 19th century times. Very interesting times.

[@lclarsen]

@PressForFreedom They have generally been considered a fringe group among economic researchers, since the history of modern booms and busts has given greater support to a Keynesiasn perspective, however this has changed as more money from business and right-wing think-tanks has come into academia. (Even the "Nobel Prize" for economics is not actually a Nobel Prize, but was a Swedish bank prize that shifted in the ideology it rewarded depending on it's own struggles with the Swedish govt.)

[@StoneyVintson]

Also, How about, Nixon off gold standard, temporary price controls. Reagan supply side becomes legit theory. Summers, Greenspan, Phil Gram et al removing power to regulate derivatives from Ag dept. Market to Market FAS 157 in 2007. Paulson lobbies for removal of SEC limit on leverage limit 12:1 in 2004. Voelker's rule potentially will bring back some of Glass-Steagal

[@KickYouInTheThroat]

you should follow up on the robber barons with a segment on the history of marijuana and why it was really outlawed.

[@dr.debbiewilliams4263]

I left messages on the phone and spoke with people who heard me speak.

[@TheEthanwashere]

@truthcrackers What? from what I understand repealing the glass-steagal act (which caused deregulation of the banks) caused it.

[@oldmanjenkins100]

More text that's just great now we get to have longer KZbin comment fights

[@ProgressiveWill]

@truthcrackers What you are talking about isn't regulation. Regulation does not cause nor allow monopolies to arise, criminals do. It is those that are breaking the rules, ignoring regulations, and utilizing tort or political associations to avoid penalization which victimizes our society. The financial crisis was cause by criminals that broke the rules after their era of buying politicians and media didn't fill their pockets fast enough. Less regulation now will only lead to similar incidents.

[@stperkin]

I like that. Capitalism for the sake of innovation and progress, not capitalism just for the sake of capitalism.

[@sonnybrown4758]

@qtutoringhelps Why?

[@dhruvamukhopadhyay1931]

Mansa Musa was richer than John D. Rockfeller.

[@megeles]

"the worst of capitalism and socialism" couldn't agree more

[@parkj238]

free market capitalism is not immune to corruption. Those that have market power want to keep it or increase it, there's nothing inherent in capitalism that would prevent a monopoly. The only way to stop the big boys from creating an oligopoly or monopoly is to have REGULATION in place. Just focusing on government's role misses out on what capitalism allows for. Look at third world countries where the rich elite rule all, and the government have no power.

[@peterhartman55]

I'm not sure if de-regulation is such a good thing though, greed is so high that it comes with a price.

[@erwinthehamsandwich]

I'd like for someone to tell me with specificity how the "Robber Barons" hurt anyone. I'm pretty damn sure these were some of the greatest men of the last 200 years (except for Morgan), contrasted to the others, who were some of the worst.

[@arddermout6946]

They struck deals in secret with local government officials to choke the competition and small business owners so they could buy them up later for cheap. That's fraud. Through their monopoly schemes they could set their own prices for their commodities. That's not how a market works or should work.

[@sonnybrown4758]

@PressForFreedom Agreed

[@sergioccs74]

I guess (keyword: guess) he is talking about the soviets although they were "communist".

[@johnc1014]

The idea that Standard Oil was a dangerous monopoly that needed to be broken up is simply false. It was a monopoly, yes, but because they offered low enough prices that no one could or was willing to compete against by cutting their own prices. They instead made the false allegations of predatory pricing to paralyze the competitive superiority of their rival when the advantages of this superiority were passed on the benefit of consumers. Standard Oil was able to offer low enough prices (to the advantage of consumers) where no one was willing to compete. It did so by being an innovator, streamlining production and logistics, and lowering costs. They offered cheaper oil prices and a diverse range of petroleum products. They were successful at meeting customers needs and that's how they drove other companies out of the market who were not as successful. It was a perfectly legitimate monopoly that was forced to break up.

[@djbuschman1889]

John C you are VERY correct! Glad to see you sticking to facts and not emotional opinions. Mr. Rockefeller also gave away a lot his profits and was a very strong Christian man as well.

[@johnc1014]

Thanks. I really don't like emotion and opinion with respect to anything political (or religious for that matter). That is unless it is backed up by facts and evidence. Standard Oil was an excellent example of capitalism producing a good monopoly, yet it was destroyed by government. That's not opinion. That's what happened.

[@burgerboot]

Weird how he just skipped creation of the Fed in 1913

[@hossein1413]

COULD U DO A VIDEO ABOUT THE ILLUMINATI PLEASE !!

[@Jotto999]

Please talk about Keynesianism and how it is part of government screwing society. We badly need more capitalism, the signs are all over. Just look at how much innovation is gone overseas, among other things. Look how crappy the economy is despite ever increasing government intervention, look at the flourishing of other countries who themselves adopt more capitalism. To me, it looks pretty conclusive, though I'm sure keynesians and/or liberals will tell me I'm a big oil stooge.

[@dr.debbiewilliams4263]

Notwhen a person gets blocked. That's what happened to me. I tried to buy a home years ago before I had astroke, which I recovered from. I actually speak much better that John Fetterman.

[@scrubrug]

What is it about religion and politics that makes people behave so backwards? Everybody has one set of beliefs and believes anyone who disagrees is ignorant and brainwashed. The comments here only exemplify this, how did this happen? Are we all for the most part brainwashed by someone Else's personal interest?

[@sajidbaten]

i hate to say it, but amirica is going in an ugly direction, where we create increasing regulations on the middle-lower class, while lefting most regulations on the rich and banking systems. essentially, the once great free market, has turned into an almost dictator like control, through large corporations and banks on our economy, and essentially our livlely hood. we live in a world where 1% of the world owns 40% of the worlds wealth, ithink its time to stand up and remeber who contrls the wrld

[@oldmanjenkins100]

Look at me still talking when there's science to do when I look out there it makes me glad I'm not you so I'm glad I got burned think of all the things we learned for the people who are still alive

[@chevytheplayer]

Also kevinus If I were reincarnated I would wish to be returned to earth as a killer virus to lower human population levels. - Prince Philip “My three main goals would be to reduce human population to about 100 million worldwide, destroy the industrial infrastructure and see wilderness, with it’s full complement of species, returning throughout the world.” -Dave Foreman A total population of 250-300 million people, a 95% decline from present levels, would be ideal- Ted Turner Still a theory??

[@imation879]

You have any evidence for this?

[@djbuschman1889]

"I prefer dangerous freedom over peaceful slavery" Thomas Jefferson Although Teddy Roosevelt was a Republican, he was also very progressive he believed opposite of limited government of what our country was founded on. Booms and busts happened in capitalistic economy. However if you stick to real capitalistic principles those busts don't last very long. The "Hoot-Smalley" Tarif act truly initiated the "Great Depression". UCLA wrote an article in 10 August 2004 stating that through extensive research that FDR's administration prolonged the "Great Depression" by 7 years! Yet he is regarded by our history books as this great leader. In the book "Killing Patton" by Bill O'Reilly FDR thought very highly of Stalin while during this time Churchill knew and despised Stalin and that also includes Gen. Patton as well. Article 1, Section 8 specifies the power of our federal government and from Teddy Roosevelt up to present day our country has radically gone off course with respect to these "limited government" principles. Because of this that is why we are sooo deep in debt and morally bankrupt. The road to hell is paved through good intentions and unintended consequences. Notice how FDR and LBJ expanded the federal government exponentially. And with that causes deeper and deeper in debt and more and more American citizens depending on the federal government for subsidies. That is not what our founding fathers intended. Reagan did add a lot to the debt, however, he also defeated the evil Empire known as the Union of Soviet Socialist Republic. It should be noted that Clinton did welfare reform because he was forced to by a Republican Congress. This also includes spending perform during his time as well. That too big to fail comment from you with very accurate. I trust the private sector over the public sector when it comes to economic ideas and solutions.

[@kevinus2710]

@hossein1413 haha, u've read a lot of conspiracy theory

[@susashi]

the very first viewer me

[@ProgressiveWill]

@deadbutmoving Huh? Corporatism IS capitalism. If you watch the informative video above you'll learn that big gov't led to more regulation, that regulation led to "Trust Busting" or banning monopolies. You have it completely backwards and/or wrong. Typical right winger, you profess ignorance. I bet you felt real smart and stuff when you typed all that too. Go back to your alternative High School and get them to super-size that GED for ya.

[@tnekkc]

Khan, You are ok on math, but on economics, never say Keynesian without spitting and cursing. Keynesian economics is the kind of madness FDR and Obama used to create depressions.