The First New Deal: Stemming the Tide of Depression in 1933

[@drfarrin]

My old HS was built with new deal money. Elanore Roosevelt even came out to see it just a few days after it's dedication. She was supposed to be there to be the guest of honor for the ceremony, but there was some kind of schedule issue and she couldn't make it in time. The original hand cut stone is still there along with clock tower mounted to it, the original building is still there, and any time the school is expanded (due to population growth), it is required by state law that the new sections' exterior must match the theme and look of the original building. It is an active school AND historically protected building. The school is still open with a population of about 3,500 students in grades 9-12. The library has historical artifacts from the time including original photos of the previous building, the "new" construction (from the air), photos of the students, and even a Majorette's uniform and baton from the time. They also have class photos from every graduation class the school has ever had from the original class of three students to today's students. It really needs to be in its own small museum, but the school district doesn't want to bother with the expense of a new building and curating the materials.

[@CarolineFarrow]

mine too! As was the courthouse IIRC

[@rodchallis8031]

Repealing the Glass-Steagall Act was a collosal error that has yet to be meaningfully corrected.

[@rodchallis8031]

@GeneSun , I have always considered myself a Social Democrat. I believe some things work better from a collective standpoint, and some things work better from a capitalist standpoint. I don't have much of a beef with banking or investment, at least I'm not ideologically opposed to it. Like insurance, it has an important role to play. But overriding all that socio economic philosophy, no matter which side of the "socialism vs. capitalism" divide we are on, we should all be able to agree that NO ONE should be above the law. Lehman Bros and others should have been taken out to Times Square and had the skin flayed off their backs for what they did.

[@ethelredhardrede1838]

@Shane Lackey What a load of BS, the few problems that it has caused were due to ideologues refusing to use the power of the Fed which has resulted most of our many recessions. Putting you ideology over practical results is stupid.

[@jcsv12345]

@Robert Sears being a social democrat is not communism, literally most European countries and commonwealth countries are some sort of social democrat, progressive or not...

[@ethelredhardrede1838]

@Robert Sears Wrong, there has been at least one actual communist government that was voted into power, Chile and then Nixon worked to overthrow that legitimate democratic government. Whether it would have remained democratic is impossible to know. There is nothing in the concept of communism that makes a democracy impossible. It would still be a bad system, as would be a Libertarian government. But for that, we DO have present day example. Somalia. Both systems are not for human beings. Maybe some sort of alien species could manage either.

[@rhynosouris710]

@GeneSun I normally don't approve of public hangings, but in the case of the entire Lehman Brothers board, I'm willing to make an exception

[@FlintTD]

3:22 If those numbers sound high to us today, that's likely a sign of a big problem right now.

[@walkingcontradiction223]

Hmmm, you seem familiar...

[@jacobdrum]

Interesting follow-up video could be how the New Deal has been dismantled, as alluded to in the Glass-Steagall section.

[@erikroberts3545]

YESSS! I concur.

[@yt.personal.identification]

I watched it thinking this is what many countries could use again...and highlighted the flaws in the current systems.

[@mrrogersrabbit]

I wish the New Deal was dismantled. Unfortunately, we're still suffering from its effects generations later.

[@jacobdrum]

@@mrrogersrabbit I mean, it is theoretically possible to dismantle everything the New Deal gave us (aside from the millions of lives it saved that have since passed on). I just don't think it would be a wise investment to tear up the roads, break the dams, and de-modernize the nation.

[@Jay_Frank]

@@mrrogersrabbit Ah so you want corporations to have even more power and control over the average worker.

[@TheWhizKid007]

Giving Simon all that “sweet watch time” you deserve it sir, hats off and happy new year

[@ignitionfrn2223]

2:35 - Chapter 1 - The great depression 4:10 - Chapter 2 - A new president 6:00 - Chapter 3 - The 1st 100 days 6:40 - Chapter 4 - Relief 10:00 - Chapter 5 - Recovery 12:10 - Chapter 6 - Reform 14:40 - Chapter 7 - Looking back

[@amberdamber7]

"I don't think any America would argue against this wishlist" LOL oh Simon, if you only you knew.

[@Jay_Frank]

I came to say just that.

[@amberdamber7]

@@Jay_Frank I have no memory of this video or making this statement, but I'm glad you agree with whatever I said

[@Jay_Frank]

@@amberdamber7 Fair

[@amberdamber7]

@@Jay_Frank I can tell you aren't American by the fact that you didn't immediately start arguing for no reason whatsoever

[@Jay_Frank]

@@amberdamber7 No, I'm American. I'm just not bat shit insane xD. Have a good one =)

[@joseph12115]

The US Interstate highway system

[@Inazarab]

@I OFFER YOU THIS An oversimplification but mostly true.

[@iamarizonaball2642]

should've been a high-speed passenger rail network instead.

[@martijndaem4074]

Idea for a Megaprojects video; the human genome project, a fascinating science project

[@caleblarsen5490]

Man you are relentless! And I will like this post until it gets done.

[@martijndaem4074]

@@caleblarsen5490 thank you very much ! thats realy nice of you to wright this ;-)

[@theknifedude1881]

Yeah, let’s do the Human Genome Project. Please.

[@SecurityMonitorLizard]

I honestly never even thought of that one. Great idea!

[@imajokerimasmokerimamidnig7442]

The human genome project ? Hmmm ,time for me too go research 🤔

[@lyman6]

I have a suggestion, though I'm not sure how well it would fit into the format: the Two-Ocean Navy Act of 1940, and the effects thereof, such as the Essex-class Fleet Carriers.

[@ethelredhardrede1838]

@Ty Vsd1337 How about you post something that is less of a waste of bits.

[@woody4077]

if anything he should do the yorktown class carriers instead of the essex class due largely to CV-6

[@lyman6]

@@woody4077 I mean, Big-E is awesome AF, but the Essex' are a hell of a lot more of a Megaproject than the 2-ship Yorktown run. That's actually why I suggested specifically the Two Ocean Navy Act, because the massive overall tonnage increase was one hell of a megaproject, and led (along with the outbreak of war) to, among other things, the building of around 20 Essex' in 5 years.

[@woody4077]

@@lyman6 there were THREE yorktown carriers...cv-5 cv-6 and cv-8

[@woody4077]

@@lyman6 also ok yes they built alot of essex carriers but they didn't see action until 1943 at the earliest while at one point the yorktown class CV-6 specifically was the ONLY us carrier in the pacific

[@Master_Yoda1990]

I was part of the CCCPs sister program, Job Corps. It’s pretty much the same thing, provides education and work experience to people from 16-21 years old.

[@Master_Yoda1990]

@Robert Sears The CCC is also known as the CCCP in some places. It stands for Civil Conservation Corps (Program).

[@Master_Yoda1990]

@Robert Sears but we did call it the gulag and constantly compared it to prison

[@Critt_Ari]

I legit thought you was talking about soviets for half a minute

[@flaggedowntown]

I got into hot water at work recently discussing the subject of Glass-Steagall, & more recent deregulation of banks. I would agree with any analyst who said it was a bad idea to simply toss it aside without replacing it with other safety measures. The sub-prime mortgage bubble created with the help of major banks, & the consequent economic damage was an event affecting the lives of many people.

[@cynthiasimpson931]

Black Thursday 1929 was my paternal grandfather's 10th birthday. Since my paternal side were farmers, that's what they did during the Depression. My great-great grandfather on that side had been given a land allotment for his service in the Civil War back in 1888, so they didn't lose the farm, but that farm and my great-grandmother's huge vegetable garden kept 4 families fed during that era.

[@cynthiasimpson931]

You mean I was one of two people who watched the video on the CCC? I suspect an issue with KZbin, since I doubt that you've only got two viewers who try not to miss your videos.

[@haplon33]

Hey thanks for covering this :)

[@pmgn8444]

A video on how the great depression affected Europe and the rest of the world would be in teresting.

[@Brian_rock_railfan]

Great video 👍 happy New years day 2021

[@KristophM]

Happy New Year, Simon and to all of you other mad lads!

[@RickJamesx112]

250,000* for the FDIC insurance in the US.

[@sallyintucson]

For each bank?

[@RickJamesx112]

@@sallyintucson ones that are FDIC insured yes.

[@sallyintucson]

@Jeff Guse That’s why I don’t have any credit cards.

[@sallyintucson]

@Jeff Guse I’m old fashioned. If I want to buy something, I save up for it and buy it with cash. The credit card companies are blood thirsty!

[@ManuelMonster19]

Simon, maybe a Megaproject or Sideproject on the Arecibo Telescope that collapsed last year.

[@TheDevilsAdvocate.]

Yes! Yes! YES!!!!

[@fatalfury66]

kzbin.info/www/bejne/nmfdfIKMr75ojLc he did an episode on telescopes yesterday. He mentions the Arecibo telescope. Its not the largest so i doubt it will get its own episode, but its still a cool one

[@ManuelMonster19]

@@fatalfury66 Yes, I saw that but it should get it's own episode of Megaproject or Sideproject. The FAST Telescope wouldn't exist if not for Arecibo.

[@MartinReed]

Thank you Simon For Helping Me Through 2020, you are an inspiration Dude :)

[@wmarkwitherspoon]

Wow... Great Vid... Glass-Stegal Act being repealed was one of the greatest errors we could have had, and the attempts to repair the damage has not been fully realized.

[@bertlbarm4374]

i witnessed such a bank crash in asia in the autumn of 1997, insane interest rates were offered in the morning, from midday the bars were down and didn't go up either

[@alexandrsemenov1842]

Hello, could you please make a biography on Eisenhower ? Thanks, happy 2021!

[@scuddyleblanc5119]

After the stock market crash, unemployment went up to 9% and for several months after that sell to about 6%. When Herbert Hoover and Congress passed tariffs, It backfired and deepen and lengthen the depression.

[@smenor]

Seconding that your video on the CCC was amazing and deserves way more views

[@dant3945]

Just saw you in the vincero advert. Love it!!

[@jackphillips3512]

The biggest contributory factor in the recovery from the Great Depression was elimination of the Gold Standard for currency. This stopped the deflation in the economy. Economic activity started to recover. This also happened in Great Britain, before the US, with the same result. Other countries too. The New Deal provided some help but was not the main factor in the recovery.

[@Carepedoit]

Thanks for this video!

[@ddark0077]

Cheers for doing the video mate on new year.The tv is absolute pish. Legend m8.

[@bfnfedboy2]

Tennessee Valley Act(TVA) needs a video.

[@--enyo--]

I actually really enjoyed the video on the CCC. 😅 I even shared it a fair bit. Videos like this one are my favourites, but I guess I’m weird there.

[@carinamchugh4436]

Thank you this was very interesting

[@nealhoffman7518]

I really enjoyed the CCC video

[@TheEvilCommenter]

Good video 👍

[@DetroitMicroSound]

Excellent summary. 👍

[@MrDadyD]

Best president the country ever had.

[@philipcone357]

With Washington, Lincoln and his cousin Theodore. The two Roosevelts were without a doubt the giants of the last century

[@agoogleuser2153]

The new deal did go a lot further to ending the depression than he gives it credit for. In 37 to 38 big industry and money interests were able to curtail and hinder additional progress. These same interests conspired in a coup against FDR and his administration. Yet, they were exposed by former Marine General Smedley who, haven been chosen to lead the coup, played along to gather evidence against the plotters. WWII did boost America, making US manufacturing unmatched in the world at the time. Today's income inequality and systematic policy changes favoring business over people matches in what was called the "Gilded Age" of robber barons of the late 19th century. Inflated stock exchange prices, land values and more may land us in worse times than those experienced in the 1930s.

[@bradhobbs6196]

"I don't think any American would really argue about this wish list" You don't talk to a lot of Americans on a daily basis, I take it. . .

[@TS-jm7jm]

@Shane Lackey he's a brit what do you expect?, a belief in rights and freedoms, hah, good joke.

[@CarolineFarrow]

Oh they'll argue against it while still happily benefitting from it though.....

[@lamplighter5545]

@Shane Lackey -- That's a crock. WTF. Where -- please point it out -- does it say in the Bill of Rights anything about mandatory participation? You won't find because it isn't there.

[@woo545]

Social Security isn't an association. I guess you could argue that being a US Citizen is an association. In which case, you are welcome to renunciate your citizenship. I would also expect that you are not permitted to work in the US or drive on its roadways.

[@ethelredhardrede1838]

@Shane Lackey " Nothing on that list is Bill of Rights compliant . BS. "Q: Which one of those things can you opt out of if you don't want in ? A: None " Good the Bill of Rights is NOT for corporations. Its the people of the USA and not for predatory sociopaths. " If you ( Government ) do not obey the rules we ( the people) do not have to obey the rules either . It usually does, except when loonies start ignoring the laws to support the sociopaths.

[@Deathven1482]

The civ core was an awesome video Simon. Watched that the day it came out!

[@kg4tri]

I watched the video on the CCC . I liked it and even commented on it. This is just as good

[@ETennScott]

OK OK - I'll go watch the CCC video now.... I'm pleasantly surprised at the balanced treatment. We're still pretty polarized about the New Deal hear in the American South. The Tennessee Valley Authority played a giant role in the New Deal, and is an important part of the literal and political landscape here in Tennessee, and would be an excellent follow-up to this vid. Thanks for your work!!

[@ericl452]

One important detail is the US was taken off the gold standard in 1933. This gave the administration the ability to print essentially unlimited paper money. Many banks who were bailed out stacked a large pile of money behind the counter where the customers could see it. This was to give them confidence the bank was solvent.

[@ssllhh100]

simon is a really good story teller, so good that i watched 4 or 5 hours of his content in the last 48h, yes i just discovered the channel ... channels, thanks for the 99% bullshit free content (the hyperloop is that 1% BS ... at least in its current form). a video about the AC130 A10 warthog F22 F35 Mig 35 and SU57 would be welcome, i mean you have done videos about their predecessors allready .... and they bring a lot of views

[@sandybarnes887]

Business Blaze Mega Projects Side Projects Top Tenz Today I Found Out Biographics Geographics Highlight History Xplrd Visual Politik EN The Simon Whistler Show I may have missed one. Visual Politk EN is now hosted by someone else. The Simon Whistler Show hasn't had new content for a while. I haven't included his podcast.

[@bjornodin]

This is how you deal with large scale economic disasters! Not just by handing Wall Street trillions of dollars with a note that politely suggest they lower their bonuses slightly that year!

[@scuddyleblanc8637]

Government intervention, including the new deal, lengthened and deepened the great depression. Economists calculated that the new deal added at least 3 years to the great depression. The US recovered from the depression of 1920-21 in two years, but it took more than 10 years the US economy to recover from the great depression under the new deal. New deal farm policies paid farmers not to plant and bought and destroyed crops and livestock at a time when most Americans couldn't afford to buy food. FDRs new deal also devastated manufacturing in the US. Much of FDR takeover of manufacturing in the US was ruled constitutional but that didn't stop FDR from continuing to interfere with manufacturing. In 1940, FDR listened to his military advisors and turned to the industrial leaders and the profit motive in preparing the US for war. His new deal advisors wanted the factures owned and run by the government. Thankfully, common sense prevailed.

[@ThePhotochoice]

Sadly criticism is never acceptable to the privileged - especially when they have been told they are exceptional all their lives.

[@antonleimbach648]

The New Deal helped Tennessee enormously. The TWA built dams and brought jobs and electricity to extremely poor people. FDR was one of the Greatest Presidents we ever had.

[@KarenRose70]

Need to do one on the WPA

[@juantelle1]

2020 was the biggest megaproject in history

[@anarchyantz1564]

Nope. 2020 will be seen as a side project. For 2021 we still have Civil War Part II, Trumps rise to Supreme leader, the completion of the Great Wall of Murica, sealing it off from the rest of the world, Apple coming out and enslaving its users (not just its workforce) with a "ha ha fooled you, it wasnt Bill Gates chipping you, it was us and our tech" and that is just in the first quarter.

[@woodse0651]

Definitely a contender for worst group project ever.

[@nickg77]

*Covid-19

[@velvetunderground9835]

Oops, wrong program, I think you’re looking for mega disasters.

[@brianrockwood2018]

@@anarchyantz1564 ^^^NO MORE DRUGS FOR THIS MAN^^^

[@Kokuraman]

GBY!

[@HPLIKETHESAUCE007]

i just love simon's humor and mannerism in these videos especially around 13:15 mark

[@fishareblue3006]

Could you do videos on the development of some military aircraft like the F-16, F-14, Su-47, Eurofighter Typhoon, Dassault Rafale, JF-17 or Su-57

[@myrodin1210]

Hey Simon. A+ job connecting this and your other video about the roaring 20s. Ending that one with the crash and having this one as a 2nd course. #brainfood is yummy

[@Manuel-gu9ls]

Let’s hope 2021 is the great recovery

[@JeffDeWitt]

Considering what is going on in Washington that isn't likely.

[@barrydysert2974]

OUTSTANDING❗️ 🖖

[@sallyintucson]

How about one on how Eisenhower built the Interstate System? It was during The Cold War so he wanted to move Tanks and other large weapons on the Interstate. Oops he hired a highway builder instead of Millitary. NOT a happy camper!

[@philipcone357]

Yes he enlarged the interstate highway system built under the New Deals WPA program. As Eisenhower said he realized that technology had come a long way since the 1930’s where planners had to by law have a horse path in their plans along every bit of highway. By the 1950’s the automobile had won the battle.

[@servant74]

Love the vids... How about an 'overview/summary' of the 18, 19, and 20th centuries, with highlights and links to videos that cover events into those eras. I would like to see updates to these done every year or so to place new/additional/corrected content in the right context. Yes, most of it would be a writing and editing of already published content, but IMHO it would add real longer perspective value. You do some of this by referencing prior videos that cover areas, this would be a way to summarize that as a 'big picture review' that we could continue referencing (yes, I do that ... )

[@SapioiT]

12:11 "The banks were an obvious place to start. Not necessarily because it was all their fault", but it was all their fault. And still is, even today.

[@nikolaaswright6028]

I heard that the Rideau Canal in Ottawa Canada was a super interesting megaproject! Vote Canada!

[@johnpinckney4979]

Enjoyable bicycle ride.

[@nikolaaswright6028]

Beautiful bike ride

[@anarcho-boulangistllamaent2023]

You should do a video on the Berlin airport. Just for fun because it became notorious for its countless construction delays.

[@anarcho-boulangistllamaent2023]

Ah ok thanks. Also I already knew about the channel he constantly advertises his other channels it would be impossible not to know about it lol

[@jimsmith6937]

Idea. The war emergency pipelines hat are still in use.

[@johnpinckney4979]

I'm a retired public utility Damage Prevention/Investigation professional and I'd live to see one on this!

[@mani28873]

We NEED the new deal in 2021!!

[@jroda8015]

It was called the wpa. Several of their projects near where I grew up, they all said WPA on the plaque

[@oldenweery7510]

Right, that's what I was taught in high school and that's the way my parents, who were married in April of 1930, always referred to it. It was the "Works Progress Administration." Don't know where they found the sign they used.

[@bankerdave888]

For the sake of our sanity, send the kids to work, school, or anywhere else! 😱😱😱

[@just_chris1630]

I don’t think it’s one for mega projects but perhaps geographics but it would be cool to look at the SARS outbreak and changes that came in after SARS. This would be particularly useful as we start to approach the point where we have to have a discussion about what happens next after covid.

[@NeillGuitars]

I am a historian and a lot of my research has focused on the New Deal (though most of my research focuses on early 20th-century labor history in general). It's really not a question in my mind whether the New Deal was a success or not. It clearly was. Not necessarily because it was responsible for lifting America out of the Great Depression, but because it helped Americans who were struggling. There have been plenty of interview series conducted on New Deal workers and you never see them say "Oh I hated working in the CCC. I wish I could go back to unemployment and wondering where my next meal would come from." It's consistently positive feedback from people who were just happy to be able to get to work and have consistency in their lives. Meanwhile, the CCC planted 2.4 billion trees, built some of the most beautiful national parks, fought forest fires, etc... The Tennessee Valley Authority helped generate electricity for rural southerners who did not have electricity yet. New Deal programs did wonders to build the the infrastructure of the United States But as for whether or not the New Deal was socialist? That's laughable. It wasn't even close. In fact, Roosevelt was very concerned with people thinking that it was a socialist program and made worked with business owners to put together these plans. There have actually been a lot of book written that criticize Roosevelt for this, because there are a lot of historians who think this was a unique time in history where we could have really improved America so much more but didn't do as much as we could have. These historians lament because they don't see another New Deal type program in sights and think Roosevelt squandered the best opportunity America had for sweeping reforms. This is why many New Deal leadership positions were filled by uninspired people who would not rock the boat too much. For example: Robert Fechner, head of the CCC, was described as a "potato bug amongst dragon flies." It was also to appease the South as a demonstration that Black people would not see as many benefits as their white counterparts in New Deal programs. Roosevelt knew the South could block New Deal legislation, so he allowed for things like segregation in the CCC (against the letter of the law which guaranteed no segregation) and he allowed AAA and Social Security benefits to be stripped from industries where black people were more likely to labor (like share cropping) in an attempt to keep the South in the New Deal coalition (which worked until the nation started seeing some national recover and the South started turning against it anyway later on down the line).

[@cmbeadle2228]

I think you can overstate the importance of the latter point - there's a reason that the overwhelmingly republican black vote immediately started to switch to rhe Democrats during the New Deal.

[@NeillGuitars]

@@cmbeadle2228 they switched to democrats because they still saw it as the better alternative and the only party that was willing to help them economically at all. But this does not mean that the DNC wasn't actively working to keep the majority of benefits in the hands of white people. It is something they were keenly aware of at the time. And the earliest New Deal historians, including those who have almost nothing bad to say about Roosevelt, such as Arthur Schlesinger, agree that this was a major negative of the new deal. It's really not even a question if Roosevelt pandered to racist southern politicians by keeping benefits from African Americans. That's not to say Roosevelt himself was as racist as his southern counterparts. He certainly was not. But he was also a very calculating politician who was much more concerned with keeping the South in the Democratic Party.

[@NeillGuitars]

@@cmbeadle2228 and I don't know how much I blame Roosevelt for that. It was a very real possibility that southern democrats block new deal legislation if it had included more protections for african americans. Most blame really falls on the South. And really I don't just mean that for the New Deal. The South has consistently blocked American progress since industrialization

[@jaykavanaugh8975]

There is a good reason FDR could not go further. I would direct you to the book "Roosevelt a Political Life". He was a master at the art of politics. Great book with a very interesting perspective.

[@NeillGuitars]

​@@jaykavanaugh8975 Dallek does discuss Roosevelt's willingness to compromise with Dixiecrats, specifically when discussing sharecropping. Unfortunately, biographies rarely offer enough information to form a fully coherent picture and they are usually written very triumphantly with a very pro-subject message. It's a fine book, but I would rather suggest some books that specifically make arguments about events and programs. These are a few recommendations from me, from when I wrote a survey of New Deal historiography. I can recommend more if you're interested, but these are my preferred: Barton Bernstein's "The New Deal: The Conservative Achievements of Liberal Reform" Harvard Sitkoff's "A New Deal for Blacks: The Emergence of Civil Rights as a Nation Issue." Irving Bernstein's "The New Deal, the Worker, and the Great Depression: A History of the American Worker. 1933-1941." Alan Brinkley's "The End of Reform: New Deal Liberalism in Recession and War" Ira Katznelson, "Fear Itself: The New Deal and the Origins of Our Time." Jefferson Cowie "The Great Exception: The New Deal & the Limits of Reform" Kiran Patel "The New Deal: A Global History."

[@johnpinckney4979]

Two things... First, the "Overseas Highway" was already largely built in that it re-used many bridges and the right=of-way (permanent way) of the Florida East Coad Railway line to Key West, which had been damaged in a hurricane. Second, even though licensed as a Commercial Radiotelephone Operator by the FCC when I was 15, I had to wait until I was 18 to be hired at a radio station because of child labor laws! While there was much abuse of child labor in the U.S., these laws also hindered many ambitious students from pursuing their dreams and a practical education.

[@JeffDeWitt]

As do the minimum wage laws.

[@15Med3]

you should do a video on the US home front/manufacturing during WW2 and how that ramped up to beyond mega project levels

[@loganholmberg2295]

I think you fogot about the great drought in America that contributed to the deoression not just the stock crash. The Dust bowl exacerbated the situation in not just the Farms in the Central United States Decimated by it but also the people who saw farms as investments and purchased land for others to farm without knowing anything about farming. Resulting in farming practices that made the situation worse and and as I mentioned wiping out allot of wealth from investors across the states.

[@jasongannon7676]

An eco of my grandparents thoughts as discussed with them years ago. The cc camps provided enuf income to prevent the family from starving and living in a tent. It provided enuf time for the family to get back onto their feet and become stable financially again. Thairfor my family was able to preserve thar homes. This was very helpful to lift the country out of crisis when multiple by all that was involved. How this program effected the individual family is often over looked through the filter of history.

[@leandrochavez6480]

You can later make a video about the shangai port, it reached a record capacity of 4 million teu's (2 mill long containers) and focus in its operation rather than its construction.

[@Thebusridesme]

Great video, as always! Maybe the next mage project should be “how many KZbin channels can one team have!?”

[@FayeHunter]

The Big Sad!

[@EveTheGuardian]

I wonder, if the Great Depression was global, did the UK do something similar to this?

[@scuddyleblanc5119]

FDR bears responsibility for the stock market crash, since it was his responsibility as governor of New York for regulating the New York Stock Exchange, the largest exchange by far. And analysis of the new deal, found that it causes the impact of of the great depression by at least three years. Unemployment never fell below 10% until 1940. The new deal ended When FDR agreed with his military advisors and turn to the leading manufacturers and the profit motive preparing US for war.

[@TheDevilsAdvocate.]

This is as close to capitalism bad, socialism good as Simon is going to get. Jokes aside, this needs to happen again. Preferably willingly, without the Great Depression. Unfortunately it appears even with the all the problems they faced, it was still a fight to sort it out and get the cash off the rich. So we’ve no hope until a similar disaster happens and by all accounts it’s close. Some of us (an increasing number I might add) are already there (in poverty). Even then it’s relative, compared to billionaires, hell even multi millionaires, a good 80%-90% of us live in poverty. Yes, even though you have a smartphone... you’re still a poor to them. 😋

[@sebastienholmes548]

The new deal made things longer.

[@davidankarlo9438]

That was great. i don't comment that much. but i read some of the comments you got and seen that someone talked about the human genome project. I don't know much about this and it sound great. can you do one on this. would love to hear more about it. Thanks; David

[@Sigmagnat650]

Great video! Suggestion for another mega project: Jamnagar Refinery (the world's largest) in India. Cheers!

[@ChrisHansenProductions]

Next Megaproject: Cover the upcoming 2022 Formula 1 car, or anything Formula 1 related, engines, R&D, logistics, etc! Thanks!

[@barrydysert2974]

Sweet watch time. i haven't heard that in awhile. 👌!:-)🖖

[@MrYTGuy1]

Giving people rights, Healthcare and the ability to earn a living wage just makes me so angry!

[@TedSchoenling]

New deal did none of that....nor is that government's role.

[@ericpmoss]

@@TedSchoenling Wrong on all accounts. Ending child labor, instituting a minimum wage, ending old-age poverty through Social Security all by definition did this. And as far as the role government should play, you only have an internet because of taxes paying universities and ARPA to create it, the NIST to invent the atomic clocks and standards to make it all work together, and laws about interstate commerce to help punish fraudsters.

[@Jnp366]

You should do a video on Fort Knox on this channel or on Geographics

[@Robert-db3mz]

The CCC is worth a watch.

[@scuddyleblanc8637]

The great depression was a government caused financial catastrophe. It took just 2 years for the US economy recovered from the depression of 1920-21. That depression was caused by the WWI debts and by waves of the Spanish flu. If FDR's new deal was so successful, why didn't the economy recover in a couple of years like with th depression of 1920-21 instead of taking more than 10 years to have unemployment below 10%?

[@velvetunderground9835]

Wonder what a $600 stimulus check in 2021 would be worth 85 years ago? It’s about $31.00

[@joehuiras4955]

Simon whistler is the ideal QI guest

[@drudgenemo7030]

The Manhattan project would not have been possible without the TVA

[@christopherjcarson]

Brilliant,great post!

[@twocvbloke]

Given that many countries around the world are heading into a mass great depression because of the pandemic, I think that some of the elements of that New Deal will be needed once again to reboot the world's economies and get things working again...

[@twocvbloke]

Might want to go back and read what I typed as I never mentioned the US specifically, and my "elements of" was for the creation of work to help get people back into doing something after losing jobs due to businesses going under during the pandemic. Also, I never said anything about cannibalism, you're weird...

[@darthcalanil5333]

There's a fundamental misunderstanding of how economy works. It's a common misconception that the new deal improved anything major in the 30s. Any improvement in the economy came when the government lifted its hand off let the market run its cource. The years before and including WW2 gave illusion of growth because the military industry grew insanely large, and the millions of unemployed simply became soldiers. The standard of American economy didn't reach the levels of the 20s until late in the 1950s. Building big stuff and listing people as "employed" is all well and good, but if all of that doesn't generate actual market power, it's more or less useless. It's not a matter of socialist ideas or capitalism. The economy needed some reforms for sure, but direct government interference in agriculture, housing, banking,.. Etc literally only made the depression last longer.

[@uzoma1541]

I guess the FDIC, unemployment insurance or stopping child labor were bad things according to your book?

[@freesk8]

@@uzoma1541 Yep. All three hurt people and violated their rights.

[@freesk8]

@@uzoma1541 FDIC is a subsidy to banks. Big corps should never get bailouts. It is also a sort of monopoly. Monopoly is a bad thing. Banks should buy private, unsubsidized deposit insurance. Unemployment insurance should be private charity. It would be more effective, cost less, and would not be based on forcing people to help society in a way that others want them to. Giving to charity is really good, but forcing your neighbor to give to a charity that you favor, but they may not, is just theft. And child labor would have whithered away on it's own without the legislation. It was already doing so, before the legislation, which is why there was so little opposition to outlawing it. Child labor is what poor nations do. And allowing child labor is one thing you do to help a nation work it's way out of poverty. It also helped a lot of poor people survive. I support private efforts to reduce child labor, such as boycotts of products that use child labor, or public information efforts. But making it illegal violates the rights of parents and children.

[@decam5329]

Interesting. Do the Faroe Islands road and tunnel network.

[@Ratkill9000]

Fun fact: The New Deal actually extended the Great Depression by at least a decade. Also there was another depression around 1946 and 1947. It was the reversal of New Deal policies that brought the US economy out of the depression.

[@rcknbob1]

I would be extremely interested to see any facts you have found that prove that. Everything I have seen seems to indicate the opposite. Also, I was not aware that underlying policies of the New Deal (Social Security, minimum wage, 40-hour work week, unemployment insurance, and so on,) had been repealed.

[@Ratkill9000]

@@rcknbob1 Social Security only makes sense when you're retirement age to get it is is above the average age. To put it simply, back when it was implemented, very few people got to the age for when they could receive it, as the average life expectancy was lower than the age that you could get it. Back then you had 100 people working for 1 person who retired and took it. It's about 1 to 1 now and it's only going to get worse. Back then no one also really saved for retirement, there wasn't a 401K or IRA option either. At this point Social Security tax is just a burden on the worker who could better use that money to put towards retirement or spend it how they so choose. It also now acts like a savings account for the federal government to take money from to put towards other bloated spending. People need to rely on themselves and not the Government to get through life. There's way too many system surfers and not enough people working to afford it all. www.aier.org/article/5-myths-about-the-great-depression-and-new-deal/

[@rcknbob1]

@@Ratkill9000 Oddly enough, I am one of those retired people, and I have looked into the life expectancy you mentioned. Interestingly enough, it was actually infant mortality that drove average life expectancy down. Seems that if you survived the first year of your life, you had a good shot at living a good deal longer -- that's why average life expectancy in the 1800's was around 45. At any rate, this has nothing to do with any of the other things the New Deal instituted which are still around and have even been added to over the years. I read the article you cited and found it to have some cogent points, but not really convincing -- similar to other libertarian views from wealthy think tanks. Thanks for your input.

[@InquisMalleus]

There is no way that the New Deal extended the Great Depression. It was the New Deal, repealing tariffs, better regulation over the financial industry, and finally WWII that ended it. The first actions taken made a bad thing into a massive disaster - undercutting markets and isolating the American markets for imports and exports. The New Deal changed all those mistakes and started to fix the mess. If the government hadn't enacted the New Deal, unemployment would have kept too high for the private sector to fix, and led to a stagnant labor market and deflation. The infrastructure needed to increase American industrial production wouldn't have been in place. The recession that happened in 1946 happened because of massive cutbacks in government spending, a massive cutback in industrial production, and a huge surge in unemployment as hundreds of thousands of discharged men reentered the labor market.

[@d4mdcykey]

It's neither "fun" nor is it a "fact". I find it amazing there are still people out there that buy into this BS because some unqualified conmen fed it to them in a blog or debunked book. Let me guess, you also think 'trickle down economics' was a boost to the American economy. FFS.

[@Jack-tn6yt]

The HOLC deliberately granted few loans to POC, which was a massive contribution to the wealth inequality the country experiences today

[@amareeberry670]

I don’t know this would classify as one but the USS Missouri

[@TimothyBrown2010]

you gotta do the Pyramids!

[@Jim-ho3ko]

Suggestion for mega project or side project: What about the Eddystone lighthouse near Cornwall

[@hollydavid69]

Simon, i watched the video on the CCC.

[@carlosdonestevez7068]

Don't forget to add personal income tax came from this aswell and the sale of weapons and goods to European nations for ww2 made massive economic gains to the country.

[@TedSchoenling]

income tax was 1913.. you need to study your history.

[@carlosdonestevez7068]

@@TedSchoenling before 1940 it was a tax on the wealth and the standard deduction was high enough that middle class and poor people dident have to pay it.

[@carlosdonestevez7068]

This is youtube not a book report the spelling and grammer nazis need to chill

[@chesspiece81]

@@carlosdonestevez7068 I commented shortly after your post so you could edit it and I could delete my comment but I've gotten busy and didn't see the other comments until now

[@carlosdonestevez7068]

@@chesspiece81 ok cool thanks

[@reddog-ex4dx]

I wish you could have gone further into the role Hoover played in causing The Great Depression to be so much worse than it became. It rightfully should have been called The Great Hoover Depression. What is the difference between Herbert Hoover and Donald Trump? Hoover didn't leave office kicking and screeming like a BABY!

[@michaelborror4399]

Gold can build or carry if the hand that holds the hammer is not weary.