The Great Depression

Everyone thought the economy was going great, until it didn't. What caused the great depression, what were the effects? Here is one video about the general history.
Written and Edited by Tyler Franklin
Music: Holfix / holfix
Sources:
www.thegreatcoursesplus.com/h...
www.thegreatcoursesplus.com/h...

[@knowledgehusk]

Nothing better than talking about an economic crisis with upbeat music

[@JoseSanchez-bb9vk]

KnowledgeHub ja

[@edwardg3196]

KnowledgeHub first

[@Badname.fuckyougivemethename]

KnowledgeHub notification squaddd

[@the8476]

KnowledgeHub AlternateKnowlegeHub and RealHistoryHub

[@islammustperish483]

KnowledgeHub hallo cody how are

[@youtubersubscribers-withus3748]

Doesn't help King Kong attacked in the 30's

[@jjc5475]

was a boost for the fur industry though.

[@Spongebrain97]

john pardon unfortunately not for bananas

[@Spongebrain97]

busi magen I mean because the agricultural industry was bad in the 30s

[@DaybreakPT]

Son Goku?

[@wisdomleader85]

*Sigh* If King Kong weren't killed so fast, the U.S. would have declared the earliest war on terror and boosted the military industry.

[@zachseatdriver9671]

The great depression began at the end of the 1920s, its sequal, the big sad, begins at the beginning of the 2020s

[@anthonyregino3616]

100 hundred years later

[@Bluepizza1684]

and 1920 depression ended by a great devastating war so that means if we continue with the crashing of the stack market today only a new war could save us

[@MajinMist603]

or " Greater depression "

[@somedude5422]

@@MajinMist603 Great Depression 2: Electric Boogaloo

[@isakkallberg1747]

@@somedude5422 featuring dante from the devil may cry series

[@HaydenX]

One of the biggest contributing factors you didn't mention was the fact that it was legal and practiced for general banks to invest in stocks...so when the stock market collapsed, it wiped out most people's savings overnight.

[@basedcousinbalki8664]

HaydenX Glass-Steagall took care of that for a while. Then Bill Clinton’s waffling, centrist ass repealed it. Three cheers for neoliberalism!

[@29-arnavsamant97]

@@basedcousinbalki8664 but the guy forgot to make it so that the banks would be held accountable if they fuck something up. So basically, invest in stocks but if you cause a crash, The government will bail you out

[@OwnerOfOwn]

March 2020, godspeed gentlemen

[@melanienebula2550]

Gentlemen, sync up your death watches

[@citizenterra3589]

To your bunkers, everyone. This won't end well.

[@christianescobedo66]

Godspeed

[@TheMrDan-ys4to]

What a ride it’s been so far.

[@OwnerOfOwn]

@Kill Team Charlie not over yet

[@Daniel-ie3mt]

2019: I wonder why KZbin is reccommendi-- 2020: Oh no.... *OH NO*

[@cathacker13]

history repeats itself

[@kris6038]

Hahahah best timeline 🙃

[@cathacker13]

@@kris6038 You like losing money, don't you?

[@kris6038]

@@cathacker13 oh I definitely like losing money and totally wasn't being sarcastic

[@cathacker13]

@@kris6038 Wow I never though of it that way!

[@MFMegaZeroX7]

You didn't mention the issue where banks would basically give huge loans to nearly anyone (which obviously were never paid back). This caused them to be in such bad fiscal states that they would forclose on people that were actually making their payments on time, as the banks basically demanded that everyone pay them back in full.

[@AdamSmith-gs2dv]

MegaZeroX7 And this also happened in 2008, we just never learn do we?

[@orppranator5230]

MegaZeroX7 meanwhile, rich bankers stole everyone’s savings to stop the first crash of 1929- by using the stolen savings to buy stocks, to keep their prices from plummeting.

[@personmcpersonface8415]

Greed, greed never changes...

[@paultubbs3510]

Those who dont learn history are doomed to repeat it. People care for the now, potential what if's without looking at previous "oh shot" moments in time

[@bawesome4527]

They also took that money and put it in the stock market so when it crashed the bank lost the money, which was the money people put into it for storage. The laws ment to stop that are sadly in the process of being undone or are already gone.):

[@christiankerr1120]

_A pandemic flu and economic collapse_ *Wait I've seen this episode before!*

[@radium6962]

I’ve seen this one before! It’s a classic!

[@elias9746]

@@radium6962 what do you mean you've seen this it's brand new

[@radium6962]

Elias 676 It’s a joke Because of COVID-19s Relations to a pandemic and causing economic decrease in the 1920s.

[@christiankerr1120]

@@radium6962 He's referencing Back to the Future, just like I was. You missed it.

[@radium6962]

Christian Kerr ah crap, haven’t watched in a good long while. Apologies

[@andrews3545]

Who says violence isn't the answer

[@indianjitsingh8838]

Hahahah

[@miamiwendigo]

Hippies

[@dylanhaugen3739]

Easy to say when your country isn't being bombed to the ground and your kids aren't on fire because the enemy keeps dumping napalm on you to convince your leaders to give up. Why do you think so many vets are traumatized by war, it's fucking horrible.

[@jhonsurdof1317]

@@dylanhaugen3739 dude America is going to pay back like all European nations who invaded and killed innocent they are going to crash and burn hell WHY do you think America and other countries imperialism are full of retarded snowflakes citizen and gay guys and etc etc etc This nations is worser than Germany Nazi it was better any way don't flow them and let them being snowflakes and retarded now they come to our land they dead to the last snowflakes

[@dochmbi]

At least it prevents people from living and thus from suffering.

[@theamericaninvader6693]

Video idea for alternate history hub. "What if The Great Depression Didn't Happen?"

[@edge_man_yt4704]

The American Invader Ironic profile pic since its the sickle and the hammer(USSR) with a name called "The American Invader"

[@jeeshadow1]

Kinda on that theme: "What if FDR was assassinated before taking office?"

[@kmanjacker4737]

I dont think you know what ironic means

[@XoneSpecialsGaming]

there probably wouldn't be a ww2. because of the great depression, the dawes plan american loans had to be called in short from germany and it crippled it's economy that just recovered under stresemann. because of these events the nazi party gained a lot of seats in the reichstag.

[@deltaxcd]

The answer to that question would be : if great depression did not happen 2+2 would be equal to 5. Great depression was mathematically and logically inevitable consequence of free market and capitalism.

[@SensitiveHomie310]

This is why I love History. Its a blueprint of the mistakes of men so we don't commit those same mistake.

[@killman369547]

unfortunately there are forces at work actively trying to blind people to history. think IngSoc in orwell's 1984

[@SensitiveHomie310]

I really need to re-read 1984. It's looking less and less as a science fiction book and more and more as a historical text.

[@dochmbi]

Eh, life is suffering. Take the punishment from the Gods and be glad when they relieve you of it by death.

[@leaderofthelewishpeople6382]

Sadly people in my country see history as a pointless topic and shouldn't even be taught in schools. Now look at the Philippines, my beloved nation. It keeps repeating it's same mistakes because people don't want to learn from their past mistakes.

[@celestialtree8602]

+Royal Satan "We can't progress to infinity" Challenge accepted.

[@zeroz88]

To think. My living Grandfather lived through all this

[@sostoned2522]

Zeroz it's crazy isn't it my grandmother went on and on about all of what happened I loved her stories

[@ismaelabubeker3760]

Zeroz my grandmother lived through all this though she isn't american

[@pancholopez8829]

Zeroz same thing for my grandpa.

[@miamiwendigo]

My grand father grow up in the 60s

[@mnrsteeljoutafel]

Zeroz my granddad lived through apartheid

[@thes6550]

What was crazy about the dust bowl is that in a lot of those areas in my home state of Oklahoma we had only recently fully recovered from the depression. The great depression changed our politics by making us SUPER DEPENDENT on federal money and made us a very prison and military base dense state.

[@union_4014]

1930: not stonks 2019: stonks 2020: not stonks (again)

[@haruhirogrimgar6047]

Meanwhile economists were pretty sure there was going to be a huge recession back as early as 2018, but it happening in 2020 just made things worse.

[@said.c]

2008 not stonks

[@mikaxms]

You forgot the dot-com bubble (end 90s) and subprime mortgage crisis (2008).

[@pyro7358]

did you people forget how to type stocks?

[@to3sted248]

@@pyro7358 I’m guessing you don’t know the meme behind it

[@thegreatkingofevilganondor1500]

“Hey! I’ve seen this one!” “What are you talking about? This is brand new.”

[@michaellepe1406]

Temporary money is better than no money.

[@apple-cv2xj]

Revival Michael short-sighted is better than for foresight...

[@dkupke]

A lot of people are in love with bitcoin because it’s not government issued because, hey, the gubbmint can’t do anything right! Yet there is a reason cash has outlasted all other contenders.

[@YoloBagels]

Daniel Ryan Paper money and coinage isnt government issued either. People buy bitcoin cause it's an efficient way to make money and investment.

[@dkupke]

YoloBagels paper and coins have the backing of the US government. I don’t consider myself a “radical communist socialist” by any means, but I honestly would take the backing of the US government over many a private entity. And I also believe that the government issuing currency actually makes commerce far simpler with a centralized currency instead of having to change currency every time you cross a state line.

[@JFairy189]

lukepyung 1 Isn't all money temporary? Money is just a means to get what you need and/or want. You can't just hoard it unless you intend on not surviving in this world.

[@yomanos]

Now do one video on the Great Recession of 2008!

[@redjeik]

Lowdon Blake the big short on netflix

[@yomanos]

I've already watched that, though I'd love to see KnowledgeHub do one video about it!

[@merrittanimation7721]

Lowdon Blake seems a bit soon

[@aryofristas]

The thing is it the Recession of 2008 isn't really history yet. It isn't entirely resolved and we haven't seen the long term effects of it yet.

[@TheSamuraiXX011]

"Inside Job" on Netflix does a good job of explaining the economic crisis of 2008.

[@acemediav]

4 am learning about the great depression.. why not

[@rocoss1]

acemedia i shoul sleep😂

[@Yental]

learning about the great depression while having a great depression... GREAT!

[@ozzyfromspace]

6:30am 🤓

[@Lyle-xc9pg]

@@ozzyfromspace is that early or late?

[@ozzyfromspace]

@@Lyle-xc9pg lol late, I have horrible sleep patterns that I need to improve

[@Elc22]

On the precipice, looking at the beginning of the Great Depression 2: Electric Boogaloo in 2020... There are many things to learn from history about our path forward.

[@kris6038]

Yeah but we never learn. Or should I say, we are encouraged to forget.

[@LegoSwordViedos]

My ancestors were all farmers in Oklahoma and such owned quite a bit of land and were comparatively successful, and if the great depression hadn't hit. That is probibly where I would be living, but with the collapse my family lost all their land though supposedly I have relatives who still live there. It's strange to think of things like this have wide and long lasting effects. I live in Wyoming as opposed to the south largely because this issue my ancestors had to deal with.

[@lyreofgilgamesh]

Thanks! As a scandinavian i've only heard of The Great Depression. Thank you for teaching me. I really love history.

[@attila535]

"Rule of Acquisition #34: War is good for business."

[@edgardox.feliciano3127]

Admiral Attila I see you watched Star Trek Deep Space 9... fucking Ferengi idiot

[@attila535]

Hey it works. The rule has been proven countless time throughout history. An exterior threat is what keeps societies healthy.

[@MS6InvaderCommander]

not if you keep finding enemies to shit on!

[@cloudkitt]

Well from the Ferengi perspective, they're never the ones at war. They just sell to both sides of some other way. So it would always be good for their business.

[@edgardox.feliciano3127]

cloudkitt until one side finds out about their scheme and annihilates them for such treacherous behavior, the Federal Reserve bank should never have been created, and the gold standard should never have been abolished, because now the dollar is losing its value, and it's prestige

[@mathewthomas8688]

2020: Ah shit, here we go again

[@meowmiao36]

1920's: positive attitude for everyone but the writers

[@jon250]

I have crippling depression

[@iancalandro3592]

*I have 2008 Recession*

[@zakback9937]

The Great Crippling Depression

[@merrittanimation7721]

You need a New Medication.

[@saskcom2400]

Kim Jong The Choo Choo Train of Bel-Air I have crippling retardation

[@HyperTrent]

that's rough buddy

[@soonersmith4179]

WW2 leaving the factories of Europe and Japan as smoldering craters didn't hurt American industry after the war either 🙂. This helped us gain a production advantage in manufacturing at the end of WWII.

[@AudieHolland]

That is too simple thinking. The British car industry was alive and well at the end of WW2. The German car industry, like the rest of Germany and its other industry, lay in ruins. Then there was the German Wirtschaftswunder (economic wonder), helped by the Marshall Plan and also other Allies' contributions because nobody wanted Germany to become weak again and fall prey to communism. The German car industry had one major advantage on their British rivals: no aging machinery (no machinery at all) so no expensive replacing and reforming of the industry. The enormous destruction of WW2 allowed the Germans to kick start their car industry (and other industries, like pharmaceutical) with a clean slate. A few decades later and German car production and brands were expanding and getting infinitely better. In Britain, the exact opposite occurred. Even today, anyone can name a few German top car brands: Mercedes, BMW, Volkswagen, Audi... And the British: Rolls Royce (only for the well-to-do), Jaguar (idem), Lotus (niche market). Oh yeah, they had a major success with the Mini Cooper. But it earned them next to nothing because they sold those Mini Coopers below the price it cost to manufacture...

[@TrailnTriggerTV]

Except we rebuilt Japanese factories after destroying them in ww2. Then with their new factories Japan built better machines than we could and became the best selling cars in America.

[@clarajones8659]

Why did I just discover this channel? It's so helpful and fun to watch

[@brasilball353]

1929: "Great Depression" 90 years later: "Crate Depression"

[@Matt_781]

91 and a half years later: The corona recession

[@KingOfTheBeez]

I'd love to see a 2008 recession video

[@TheEmanjt]

watch the big short on netflix

[@madler0381]

yes the big short but if you don't want to watch it what happened was that banks were giving out mortgages to people who couldn't pay it back, and eventually it came back to bite them. Long story short, Bush gives a 3 trillion $ bailout to the banks.

[@OuterSpacedVideos]

The Big Short is a pretty good film about it, but if you want to know the actual details, I'd recommend a documentary called "Inside Job". It does a good job of explaining the specifics in an easy to follow manner, and without dumbing it down too much.

[@wojtekthebear4958]

I heard that Inside Job wasn't so great of a documentary because it ends up trying to spin a narrative instead of looking of looking at the crisis as a whole.

[@madmanmark08]

King Of The Bees I would love to see a video covering the 2007/8 Global Financial Crisis. how lenders gave money to ppl who couldn't afford it. how policies with Clinton/Bush loosened the wall street market. etc... it will be nice to see who also profited the most from the GFC

[@DuckSwagington]

You couldn't call the new deal completely useless. FDR was voted in again twice by huge landslides in 1936 and 1940 due to his polices. The New Deal didn't fully succeed as it was most of the work done was temporary (As you said). What it did was bring hope to a disheartened US after 4 years of neglect under Hoover and brought in someone that was willing to get the US out of the depression by all means nessacary.

[@alexturlais8558]

DuckSwagington ah yes, because voters always know what's in their best interests and what has worked. no better judge of success than voter support.

[@draconianmethods7110]

Well I mean that is how a democracy works. Whether for the right or the wrong, the will of the people must be heard, otherwise you will have a rebellion.

[@peardude8979]

DuckSwagington He won in 1936 more out of nobody liking Hoover than it being Roosevelt specifically.

[@imperatorodaenathus9329]

+Alex Turlais Ah yes, because voters never know what's in their best interest and what has worked. Everything's a better judge of success than voter support.

[@nordicwillness]

Hoover did do many things to try and get the U.S out of the depression. www.econlib.org/library/Enc/HooversEconomicPolicies.html FDR even campaigned saying he was doing too much. en.wikiquote.org/wiki/Franklin_D._Roosevelt I really don't know why people say this. Also, it was useless unless you care only for votes, which in result, has turned our nation into a mental pro welfare state. In Burt Fulsom's "New Deal or Raw Deal" he covers how FDR spending to win in the game of politics. You look at any major study covering the the creation of departments or programs and see if it has shown improvement in the last thirty years and you'll see that education, drugs, poverty, healthcare cost, etc has not improved in any way. object.cato.org/sites/cato.org/files/pubs/pdf/pa746.pdf www.heritage.org/marriage-and-family/commentary/the-war-poverty-50-years-failure www.countthecosts.org/sites/default/files/Economics-briefing.pdf mises.org/blog/how-government-regulations-made-healthcare-so-expensive

[@timothysmith9269]

My father was born in Australia in 1932 and so I grew up with stories of his childhood in Bondi during the Great Depression. As I see what is now occurring around me (inequality, lack of liquidity, shares at all time highs, etc.) I now understand why he was always so aversive to personal debt, stressed the importance of a steady job and the importance of saving over borrowing.

[@joshoberst]

Who’s here in 2020 studying up for our future

[@ethanmoore1315]

You should do a video on the German depression post WWI and how it kinda started WWII. It is in my opinion one of the most important events of the 20th century.

[@omni1607]

You should go back to the old animation style. Many loved its cartoonish features

[@redbaron2829]

Folner Willies I agree so much

[@josephrandel6177]

This isn't necessarily a bad style, but I like the old one a bit better.

[@JohnSmith-qy2fh]

I like the new kind, but I still like the old one. I think a combo of both would be perfect

[@josephrandel6177]

John Smith Exactly.

[@themanwiththeplan1401]

yes

[@Avboyyy]

Roaring 20s! Ten whole years of Heaven then hell unleashed.

[@Kruegerisgod]

Thanks to capitalism

[@matthew8153]

Kruegerisgod The ten years of heaven were the result of capitalism. The Hell afterwards was caused and perpetuated by the government.

[@jalicea1650]

The Depression was created by Capitalism because it was Capitalism that caused the crash. The New Deal alleviated the worst aspects of capitalism and regulated it which allowed for stability. Unrepentant capitalism caused massive homelessness and insecurity. Unions, government regulation and economic growth with regulations like Glass Steagall kept banks from getting too big and acting too risky. Social Security allowed for a guaranteed socialized pension which lifted millions from absolute poverty in old age.

[@matthew8153]

Javier Alicea Actually, it was a trade war (done by the government) and monetary deflation (also government) that caused the crash and depression. Not capitalism.

[@goyonman9655]

@@jalicea1650 The new deal failed War fixed the country

[@Bastakology]

I really like this channel. keep up the good work

[@markkerr9869]

"Optimism turned into depression turned into optimism" the story of my life.

[@jadenwalter7400]

You: The Great Depression Me, an intellectual: The Big Sad

[@candyneige6609]

You: The Roaring Twenties Me, an intellectual: _La Belle Époque_

[@Sky-pt9dq]

I studied mostly American history at uni. Your videos are informed and well done. Keep it up guys.

[@supportdoggo8099]

20s : *stonks* 30s : * no stonks*

[@PitLord777]

So basically: Spend your damn money, dammit!

[@mueezadam8438]

PitLord777 t. Ferengi

[@macsnafu]

That isn't enough to fix the economy. What's really needed is sustainable capital investment, to increase real wealth (goods and services), not merely more money moving faster.

[@LaplacianDalembertian]

Gov't printed money all the time during GD. It didn't help at all. Jobs are created by market, not gov't. When gov't were taxing 80% of key market participants, nobody could have any job because every business was unprofitable under that taxes.

[@bcubed72]

_"So basically: Spend your damn money, dammit!"_ Go home, Zimbabwe, you're drunk! (Or, Weimar Germany/Venezuela/et. al.)

[@PitLord777]

I could've replied to all these comments, KZbin. Why didn't you notify me?! Ahem, *That isn't enough to fix the economy. What's really needed is sustainable capital investment, to increase real wealth (goods and services), not merely more money moving faster.* If no one buys those well-invested goods and services (because no one wants to lose money because Depression), how will that help solve the economic depression? Anyway, that's still spending money since you're taking money off of you to fund a business. *Gov't printed money all the time during GD. It didn't help at all. Jobs are created by market, not gov't. When gov't were taxing 80% of key market participants, nobody could have any job because every business was unprofitable under that taxes.* Well, obviously. Printing money is only viable under very special circumstances. Economic depression isn't one of them. Both the market and the government creates jobs. Your soldiers, police officers, firefighters, etc. are being paid by your taxes, you know? And yes, high taxes tend to drive away businesses. You want to know what drives businesses away more? No customers. Even if the tax rate was 10%, no customers mean no business. And that's assuming businesses want to create jobs during an economic depression. (Which they should, btw. Even if they don't think it's a good idea) *Go home, Zimbabwe, you're drunk! (Or, Weimar Germany/Venezuela/et. al.)* I'm not sure what you mean by that but if that means 'government spending money' is bad, then that was not my point. I'm telling the average joe to spend his money. Government injections can help but ultimately, the spending must come from average joe whose spent money can help pay employees who can then spend that money as average joes. I'm also telling businesses to spend money. Don't pocket them government injections and don't lay off employees to save money during an economic depression as that will only contribute to the depression.

[@Bufoferrata]

He also didn't mention that one of the principle reasons for the depression was the crazy levels of inequality. Most of the capital in the country was owned by a fraction of the population so that when they had a bad day at the casino, ie. the Market Crash, they pulled their investments in almost everything. Most people had little to no money and were financing their lives on credit, so the consumer alone couldn't counteract the withdrawal of capital. And the house of cards collapsed. He also didn't tell us that the sharp contraction in 1937 was because Roosevelt had swung conservative that year. Worried about the growing debt, he tried to balance the budget by cutting back on the public works projects with the result that the recovery stalled. As to Hoover, he tried every "Free Market" solution he could. His secretary of the Treasury Andrew Mellon, pushed tax cuts, created voluntary bailout groups and urged the liquidation of any and all failing business. He also advised against any intervention in the economy as he believed depressions were a necessary and natural corrective to market inefficiencies. He, and Hoover blocked giving bonuses to WWI vets on these grounds. Of course he had been born into a wealthy family, never missed a meal in his life and was sitting on a $200,000,000 fortune, that's about $4 billion in today's money, so he could view the misery of the vast majority of his fellow citizens with a certain detachment....

[@andrewhoyle1521]

You are 100% right

[@jacob5395]

I've heard that he was actually more involved with the economy. Freezing wages to prevent them from going down and the like. This requires more investigation.

[@raptorfromthe6ix833]

@@jacob5395 bufoferetta got a lot of things wrong evern personal history of herbert hoover himself

[@parkb5320]

America learned its lesson: all war, all the time to keep the economy strong!

[@KDH-br6hy]

🤣

[@deisk2707]

come everyone! buy our guns, ammos, food, and other war supplies!

[@Thomas_times_two]

Thanks for making a video about my current mental health.

[@lazyperfectionist1]

The Great Depression was caused by the Roaring '20's. Real, strong, sustainable economic growth does not roar. It's not fast. It's long term. The Roaring '20's were caused by a speculative bubble in the entire Stock Market.

[@lazyperfectionist1]

The lesson here is to avoid speculative bubbles. If a stock price is soaring, it might look like an incredibly good deal, but this actually means it's about to plunge and take all the investors who just bought into it down with it. This is what happened in 1929 with the _entire_ stock market. This is what happened in 2002 with the _tech._ market. This is what happened in 2007 with the _housing_ market. If all you can tell about a stock price is that it is moving up unbelievably fast, _don't buy into it!_

[@50ShadesOfEndo]

lazyperfectionist1 What about the fact the fact that markets crashed even harder in 87(I'm fairly sure) yet didn't cause a recession

[@lazyperfectionist1]

'88 was the year that Bush senior was elected president, and during his presidency, the nation's economy struggled.

[@Smileypb01]

Actually, Americans struggled even worse in the mid to late 70's when inflation took off.

[@Elador1000]

It's easier to say than done. Most of the financiers don't recommend timing the top and the bottom of the market. Heck, most of the financiers don't see it coming (or they think they can sell the assets before the price drops). You can find people telling that market is going to crash every year. But after all, you can sill try to short it...

[@saeedbaig4249]

4:29 - "It didn't help that he approved a tariff increasing prices from European importers. This attempt to boost American business only angered foreign nations and led to less overall business, so everybody was seeing less trade." Trump and China be like...

[@nathantripp9134]

Great content, always happy to see new videos released. +Rep

[@imnotyourchicken8947]

I needed that for a school project, thanks for saving my life

[@Thevaluedorange]

Great video! I would like to add that though the New Deal did not end the Great Depression it was very important because it helped alleviate the worst of the suffering. Stuff like Social Security and Medicare came out of it and helped create a safety net for any future recessions.

[@jeromekrupp3116]

The thing is…history has a tendency to repeat itself..

[@Cybernaut551]

"History...merely ryhmes." - John Earnst

[@christinalindell5273]

Explained very well!!!

[@vipanrajput5604]

Amazing video bro. After seeing your 1st video, I subscribe your channel. Love from India 🇮🇳🇮🇳

[@blackparadoxx9656]

Depressions are temporary, death is permanent. Enjoy Arby's.

[@kreatillion1718]

That sounds like someone trying to stop a suicidal person from... you know, doing it.

[@TheEnergizer94]

What I never understand about those crisis is where does all the money go?

[@martinsriber7760]

Gone.

[@KS-qc4lo]

Hakkapeliitta reads like a Murray Rothbard book. A+ explanation

[@draconianmethods7110]

Huh. That was very informative. thank you

[@issac9930]

Hakkapeliitta That was so comlicated, but said so well. Probably the best informative comment I've ever seen on KZbin ever. Wow, lol

[@Sh0cKwavE__]

Philippe Bouchard everyone hold on to their money and because of this money is rare. Rare things are more valueble so hold on to what is valueble

[@oosha2000]

I'm glad that you managed to explain it in 10 minutes and 20 seconds only.

[@mickyhovis]

excellent I have studied the Great Depression in-depth and this is one of the best videos I've seen on it thank you so much

[@wojtekthebear4958]

But he left out most of the narrative involving the gold standard and its importance in bringing us out of the Great Depression.

[@milky3494]

Can you do a video on the Hungarian Revolution?

[@milky3494]

It was hungary defending itself when russia invaded, something about leaving the Soviet Union, I may not be right but something along those lines

[@milky3494]

It was from the mid forties to early fifties I believe

[@Larry82ch]

1956

[@Tytoalba777]

Hungary wanted to diverge from Soviet-Centered Warsaw Pact and wanted to go it's own Independent Socialism, like Yugoslavia had. Soviet Union didn't like that and struck the People's Hammer down upon them.

[@namingisdifficult408]

James A Clouder pretty much

[@BrodyHarris]

KZbin’s algorithms are hilarious, anyone got this recommended to them during the 2020 stock market decline? Or just me?

[@RealTonyStock]

Brody Harris Yep! They keep beating the depression into my brain! At least I will be ready for this potential next one. 😂

[@BrodyHarris]

Tyler Ha Lmao facts

[@BrodyHarris]

NothingExotic Says the guy who doesn’t even have a pic of his own fuckin face on his profile.

[@Mirai_the_weeb]

Oh yeah, KZbin is just attacking us tbh

[@slaaneshthedarkprince2000]

@@RealTonyStock they beat the depression so hard into my brain I actually became depressed

[@JoshuaMarshallofficial]

My great grandparents never got hit by the 1929 stock market slump, and it's weird cause now with 2020 slump I'm still not affected. It's weird because I never thought I was privileged guess I was wrong

[@jmabry62]

Amazing editing

[@zeos9409]

Perfect timing I got a test in US history coming up on the Great Depression

[@adambennett805]

Hope you did well my man

[@mathewritchie5017]

It's called the crippling depression

[@bcubed72]

Mathew Ritchie Maybe on your home planet it is...here of Earth it's "the Great Depression."

[@xplinux22]

@@bcubed72 Seems like you aren't aware of the "crippling depression" meme. Look it up on KZbin, and you'll get the joke.

[@xplinux22]

@Chibiel Well, over 100 likes clearly disagree with you that no one wants to get it. As for memes being for morons, I appreciate the heads-up. I'm sure we all care so very deeply about your opinion.

[@hauntologicalwittgensteini2542]

@@bcubed72 r/whoooosh

[@bcubed72]

@@hauntologicalwittgensteini2542 Sorry, bro. I don't speak meme.

[@FantasticalAsh]

Thanks! I didnt really understand what happened and you helped me thanks!

[@CODDE117]

Wow, your videos have gotten so much better. And your voice a lot goofier.

[@CoralCopperHead]

"Don't forget the 34th Rule of Acquisition: _Peace is good for business"_ "That's the 35th." "Oh... right. What was the 34th?" *_"War_*_ is good for business."_

[@FuNDe]

Oh no another warning from the youtube algorithm

[@jarjarkinks716]

Thank god I have an essay on this tomorrow

[@genericcreator6467]

I just did a history lesson in school about prohibition, the Great Depression, the Cuban stuff... and now this is being recommended to me.

[@LibertyJefferson]

Revisiting videos on this subject. Given the current state of affairs, I have my concerns.

[@shayanbahmani8552]

This came just in time for my test

[@igninis]

so nice to hear Cody

[@barbie7811]

You should make a series which discusses how the great depression effected each country, or like how each country went through their own depression before WWII.

[@tyresewhitewolf515]

the comment section is a class room

[@emergencyexit7406]

Full of toxicity

[@round5soundsfetchmetheirso827]

TF2's economy at the moment

[@Kraigon42]

Firstly, I personally wouldn't mind listening to you for a very, very long time as you covered the global depressions. Secondly, you have just made me seriously worry that in my lifetime I will see a similar crash in the market and have to worry about both that and the threat that war will be the only way out.

[@craftie7721]

*2 years later...* Well, the war part hasn't come true yet according to my myopic view of the world, so there's that.

[@Kraigon42]

I had honestly completely forgotten about this, and I'm kind of surprised to be sitting here in this position again because, for reasons completely disconnected to this video, I have come around to believing there will be another similar crash shortly (I'll admit I've been taken in a bit by conspiracy theories). I guess you're right about the war part, though to be fair I expected a war *after* the crash.

[@SneedyKetler]

Besides the overabundance of wheat, mechanized farming implements meant every meter was reaped & this led to loose topsoil that contributed to the Dust Bowl a few years after the crash

[@deldarel]

The great depression of the '30s is nothing compared to my life.

[@Matt_781]

"Ah shit, here we go again."

[@wawazaza1785]

your videos really help me with social study

[@sherlockb2214]

Oh, this is in my feed again.

[@hexagonalstudios338]

The great depression happened and Japan's economy is now crappy

[@zakback9937]

American National Anthem Ear Rape dropping in.

[@FiresBZ]

But the military is doing just fine, and it invades Manchuria. And the League of Nations is like ♪"No don't do that if you're in the League of Nations you're not supposed to try to take over the world."♪

[@optillian4182]

Hexagonal Studios And they all died in a tornado.

[@LechuKawaii]

And Japan said "how bout i do anyway"♪

[@luunnmusic]

this is about to go down again

[@chaeryeong1194]

This was very good thank you

[@Hollowdude15]

Great video KnowledgeHusk and I hope the great depression does not happen again :]

[@mosleyman3136]

Depression part two, Coronavirus boogaloo!

[@GearShotgun]

Lets not give 2020 any ideas.... Ah who am I kidding...

[@maskey4675]

*Ahem* I believe it's called "T H E B I G S A D."

[@seththomas9105]

Thank you for doing something that 90% of the people that talk about the depression don"t do and that's mention how the farm economy of the U.S. was in the shitter in both the 30's AND 20's. By the time WWII started American farmers and ranchers had lived through roughly 20 years of economic depression.

[@eskewroberts7663]

So I wake up in the morning, and I put on youtube, the very first thing in my recommended is a video titled THE GREAT DEPRESSION Well, congratulations, now I am happy youtube?

[@PhoenixAngel429]

I remember my fiancee's grandma who was alive during the depression and you asked her favorite presidents in her lifetime was FDR and JFK

[@stephenwright8824]

Same with me, honestly. And I was born in 1968.

[@ryanyang3347]

2020: Great Depression 2.0

[@olgamurillo4421]

I have a collection of Shumway's books. Great read, btw

[@MrHorthoren]

The subtle tick tock in the background is just so off putting, and is a lovely touch.

[@TrailBlazer65]

4:32 Of all people, how could YOU get the wrong Union Jack!?

[@luketheatheist470]

It was before Northern Ireland joined the united kingdom

[@TrailBlazer65]

Ireland/Northern Ireland was part of the UK long before the 1920s. The current flag has been used since 1801.

[@aylamaiia]

TrailBlazer65 yeah, but it's still not wrong, just out of date.

[@scraggyboi]

TrailBlazer65 it could’ve had no Northern Ireland

[@faithsmith294]

Ben Oakden No, he is correct in calling it the Union Jack,

[@brebrebre248]

My great grandma was alive during that time (Shes still alive btw)

[@DKD76]

She may not be in 2020

[@stephenwright8824]

My grandmother, born in 1927, oldest of four, married an Irish ex-Marine (yes they do exist), a living lesson on how you CAN learn from history. Love you Grandma. And she *will* survive the Chinese Bat Flu, damnit!

[@CPorter]

What many people still don't understand is, including you by the way you made the video, though this did effect the American public greatly, these effects still were NOT immediate. Most researches I've seen for when stuff started to get real bad for us all was about March of 1930, but I'd say there's a sound argument for even the summer. Many industries were able to stay afloat also nearly perfectly well for up through 1932 such as Radio, Record, Film, and others.

[@einstwareinlicht]

Very helpful, thank you.

[@enchaiels157]

Now we have crippling depression

[@bradley8614]

You should cover the modernization of Japan.

[@hunterfire1414]

thanks to your vid it helped me with my history.....

[@TheNoodlyAppendage]

Would like a video that actualy did go into detail, so many that just hand wave away all the details. Im pretty sure if you are watching this video, you already know the basics.