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1929 The Great Depression Part 1

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Nik TheSaint

Nik TheSaint

11 жыл бұрын

You can find part 2 here: • 1929 The Great Depress...
DISCLAIMER: I am not claiming any rights to this or any other videos that I upload nor do I wish to profit from it/them; everything I post is for education-information purposes only.

Пікірлер: 2 200
@jrppark1
@jrppark1 6 жыл бұрын
This is what happens when you live on credit. My grandparents were born in the 20's, and told me how it was in those days before the crash, and then after. Both of them were determined never to buy stuff on credit if at all possible. If they didn't have the cash to buy something, they just did without it.
@naturaloptions1407
@naturaloptions1407 2 жыл бұрын
My grandparents too
@None-zc5vg
@None-zc5vg 2 жыл бұрын
The problem today is that the 'cash' has been progressively and seriously devalued: you put money away and you find later on that it buys nothing. It's being said more and more that the 1929 Crash was deliberately set up by the Fed banks (which were and are private, not Government, banks) to wreck the country's economy for their advantage.
@PluckMe
@PluckMe 2 жыл бұрын
@@None-zc5vg Fed bank TODAY is not a Federal Entity, it's a private bank.
@PluckMe
@PluckMe 2 жыл бұрын
Hardly matters because the credit debt we have today, aside from housing loans are no collateral loans. If you default on your credit card it hardly matters. The credit they are referring to in this video are in regards to margin credit. That was the trigger that set the fall. (Margin Call)
@EstevesxD
@EstevesxD 2 жыл бұрын
Capitalism in entirely based on credit. Let’s go back to Feudalism then lol.
@rubyhoney6177
@rubyhoney6177 6 жыл бұрын
THOSE WHO DO NOT KNOW HISTORY ARE DESTINED TO REPEAT IT Edmund Burke
@aussietrue612
@aussietrue612 5 жыл бұрын
"There is no new thing under the sun" - The Book of Wisdom - Sacred Scripture.. Praise be Jesus.. Ave Maria..
@thatoneguywhogotgay
@thatoneguywhogotgay 5 жыл бұрын
“Bitch lasagna” - Pewdiepie
@eschwarz1003
@eschwarz1003 5 жыл бұрын
This is why I find TDump horrifying
@eschwarz1003
@eschwarz1003 5 жыл бұрын
Exactly why I'm scared; but I only echo what many experienced, prescient economists say. I just hope there are enough checks and rational humanitarian minds in power to limit the damage. @Just For Fun
@ljuba98
@ljuba98 5 жыл бұрын
@Just For Fun Tell that to Hillary Clinton to manipulated the DNC to get a nomination...
@mariekatherine5238
@mariekatherine5238 4 жыл бұрын
My mother’s family were dirt poor, even in the 20s. So when the Depression hit, there wasn’t a great change in their lives. My father’s family, another story! They lost three of four houses, sold four of five vehicles, had to let go their cook and two maids and do it themselves. Mom's family moved out of Brooklyn to Long Island. Grandma took in washing, house cleaned, cleaned a doctor's office, cleaned the post office. The children did the laundry, picked up, washed, dried, delivered it, all with hand cranked wringer washers. By summer, they lived in an army tent, in winter, in the summer beach shanty of the people Grandma cleaned for. They had no running water or electric until 1938, by which time two of three children had left school for work. Then they moved to a summer cottage with electric.
@mariekatherine5238
@mariekatherine5238 4 жыл бұрын
Yaser Elwishahi It depends upon your attitude, whether you’re worried. The kids weren’t worried; it was simply the way they were used to, Mom, especially since it’s far better to be poor in the country where you can have a garden for produce, keep a few hens for eggs or eating if they quit laying. The playground was the woods leading down to a beautiful beach on Long Island Sound. The tent was camping and the beach house was theirs for the cold months. It had a coal/wood stove for heating and cooking. There was always some kind of soup, stew, and a kettle of hot water for tea. Tea might be from the grocery, but it was more often herbal, picked or grown nearby. Even in my fathers family, nobody bemoaned his fate. Grumbling or any type of “emoting” was something one simply did not do. It was counterproductive, and made you a “slacker,” --a lazy, good-for-nothing bum.” The welfare of the group always came before personal fulfillment. If you didn’t like something, you sucked it up and moved on. It was not until after WWII that one heard talk centered on “I, me, mine, myself.” Prior to WWII, if there was any emphasis on the individual, it was to meet one’s obligations towards others. Of course there were feelings, but these were a mere by-product, not the focus of one’s existence. Funny how The Greatest Generation gave rise to the Boomers, the most self-centered generation in history. Somehow, the willingness and value of to sacrifice self
@kuriyamatidusflossy
@kuriyamatidusflossy 4 жыл бұрын
:(
@MylaAgeman12
@MylaAgeman12 2 жыл бұрын
must had been TERRIBLE back then..
@barbarawright5774
@barbarawright5774 2 жыл бұрын
Wow. So interesting. Thank you for sharing.
@saudispinoza
@saudispinoza 2 жыл бұрын
Thank you for sharing. This needs to be taught in every school worldwide
@Dzulcic
@Dzulcic 4 жыл бұрын
And here we go again!
@jc.1191
@jc.1191 4 жыл бұрын
Lol
@STELLASCUTENESS
@STELLASCUTENESS 4 жыл бұрын
Not even close. Today is self-inflicted, not a systemic problem.
@number1basher822
@number1basher822 4 жыл бұрын
yup due to corona virus
@Dzulcic
@Dzulcic 4 жыл бұрын
number 1 basher no, the virus just popped the overly inflated bubble
@STELLASCUTENESS
@STELLASCUTENESS 4 жыл бұрын
Rose Fincher Can you explain that in detail? How the “bankers” caused 1929?
@gailhandschuh1138
@gailhandschuh1138 4 жыл бұрын
My father was born in 1919 on a small self sustaining farm and because they always paid cash for everything they survived the depression ok. They had veggies, hogs, cows for milk and cheese as well as meat they had fruit trees and honey combs so, they did well. My mother was born in 1926 and my grandfather worked for the city of Detroit. His job was secure but as the depression went on mom and her sister spent school breaks and summers with her aunt and uncle on their farm coming back to the city for the school year with their father.
@johnanderson2320
@johnanderson2320 5 жыл бұрын
Man I need to shape up and quit taking my life for granted so lucky to be alive right now.
@RowdyEnt.
@RowdyEnt. 5 жыл бұрын
Life is very short my friend, learn how to enjoy the smallest things, and love all people.
@junglebunny5673
@junglebunny5673 4 жыл бұрын
@@RowdyEnt. even isis?
@tula1433
@tula1433 2 жыл бұрын
Yeah hit the gym Johnny boy
@6iX61RL
@6iX61RL Жыл бұрын
Same
@PeterKontor
@PeterKontor 5 жыл бұрын
It's crazy to watch this and how similar times were related to the current situation 100 years later.
@kandyaxelrod8797
@kandyaxelrod8797 2 жыл бұрын
It's spooky that we are this stupid
@richlew7768
@richlew7768 2 жыл бұрын
Nothing compared to what Brandon is doing to us over the next 3 years...
@jademelrose8765
@jademelrose8765 2 жыл бұрын
It’s just history repeating...
@tundrawomansays694
@tundrawomansays694 Жыл бұрын
@@jademelrose8765 So many of the safeguards put in place during the Depression to ensure the stability of the market have since been “deregulated” and we’re back to the 1800’s ten year cycles of boom/bust. Thank you, Saint Ronnie…../s
@lorddrayvon1426
@lorddrayvon1426 Жыл бұрын
@@kandyaxelrod8797 Stupidity implies ignorance and innocent intentions. This was sheer greed and unfeeling malice disguised behind an air of generosity. America is a land of extremes; either things are going ungodly well or it's 1929 or 1973 or 1979 or 2008 all over again. They just like to find ways to fuck over the rest of the world in the process. The American cancer has only grown more powerful in 94 years until it's become a game of "follow the bellend" to the bottom rung of existence. Calling America anything other than a soul sucking leech or a cancer at this point is like calling Putin a friendly and nice hearted guy. Overly generous at best and either delusional or propaganda at worst. They're gonna drag us down with them but we have to follow the retards or the entire rest of the world will shun us.
@Katie-eb2nx
@Katie-eb2nx 2 жыл бұрын
My great grandmother was a child when the great depression hit and would walk around at night when drunk men would leave the bars and they would drop their tickets by accident while intoxicated and she would pick them up and bring them home to her father so he could get shoes.its nice hearing and listening to her stories about her experiences during her time going through it. She's well and alive as of now.
@hadesobscuro2822
@hadesobscuro2822 2 жыл бұрын
Tell more about it
@Lilbit2215
@Lilbit2215 2 жыл бұрын
God bless her
@lenninho5113
@lenninho5113 Жыл бұрын
how the... that's amazing that she's still alive.
@judeirwin2222
@judeirwin2222 Жыл бұрын
Tickets? Tickets for what?
@Katie-eb2nx
@Katie-eb2nx Жыл бұрын
@@judeirwin2222 for shoes obviously from what she told me
@nordicwarrior2176
@nordicwarrior2176 3 жыл бұрын
My Great Great-grandfather lost his fortune. I'm told he was thrown out of his factory along with his management and employees. It's crazy tonight you sleep a rich man tommorow you wake up poor.
@sandibenedum4413
@sandibenedum4413 10 жыл бұрын
Watching Mr.Howard Zinn discuss his shame about his memories of the depression and the effect it had on him and his family is heart-wrenching
@jimtepin4840
@jimtepin4840 4 жыл бұрын
Terrific and a must watch. I saw so many parallels from more modern events.
@michaelhucker2417
@michaelhucker2417 6 жыл бұрын
I have wanted to see something on the Great Depression for years. Thank You for doing this.
@ryanmullaney9791
@ryanmullaney9791 3 ай бұрын
You should read, or listen to Freedom From Fear. It's a great book about the depression era, and goes right up through the second world war.
@anaveragejoe6710
@anaveragejoe6710 3 жыл бұрын
Guys, this is my personal opinion. The great depression, 2008 crisis and the covid crisis teach us the need to save money, learn how to manage money , not spending more than we earn, not living in credit and always being prepared for difficult or worst situations. let God give the middle class and the poor, the strength to survive during these difficult times.
@mattverville9227
@mattverville9227 2 жыл бұрын
Just buy bitcoin and hang on. Maybe some gold if you aren't a believer in btc like me but bitcoin is the future
@BlueCollar850
@BlueCollar850 Жыл бұрын
You’re right. Those who have cash saved will survive.
@donnacarney2
@donnacarney2 9 жыл бұрын
Great way for my daughter to see what she is reading about in school. Thanks!
@charlesha1532
@charlesha1532 6 жыл бұрын
what do u do?
@jamiegreen7537
@jamiegreen7537 6 жыл бұрын
School's are run by the government they aren't going to tell the whole truth and story and bank's are the worst place to put your money in they steal it with all the fees
@craigcooper6157
@craigcooper6157 4 жыл бұрын
my favorite Old Testament story is Joseph and the seven years of feast followed by seven years of famine
@mrvn000
@mrvn000 4 жыл бұрын
Very accurate....
@Johnconno
@Johnconno 4 жыл бұрын
I like the part about permanent famine.
@junglebunny5673
@junglebunny5673 4 жыл бұрын
my fav bible story is.... the talking donkey. theres a lot of shit in that book
@jarrodstowe805
@jarrodstowe805 4 жыл бұрын
You don't even know how you talk......yet you use your mouth to Mock God? Did you create your own mouth? Do you see past death? But God opposes the Proud.
@ia8018
@ia8018 4 жыл бұрын
God is an asshole
@lock123456
@lock123456 4 жыл бұрын
this is probably my favourite documentary. and with 7 parts it's about 7 hours, wonderful
@MrBrewman95
@MrBrewman95 Жыл бұрын
Where's the rest? I see only 2 parts here on this channel.
@pwagner0176
@pwagner0176 8 жыл бұрын
Thank you for sharing this video. I sat next to a charming lady on a plane last night who grew up during the great depression. Seeing this video really brings to life the amazing experiences she shared with me.
@hankigoe829
@hankigoe829 4 жыл бұрын
Remember back in the good ol' days when it took four whole years to go from 4% unemployment to 25%, instead of just five weeks? Good times ...
@noorgonzalez1076
@noorgonzalez1076 2 жыл бұрын
😂😂😂😂🥴😖😒😣🥺☹️🤯🤌🏽
@noorgonzalez1076
@noorgonzalez1076 2 жыл бұрын
🙏🏽🕊❤️@Hoorna 🕊❤️🙏🏽 So sorry One step at a time 🥺
@rockyj5047
@rockyj5047 2 жыл бұрын
Quit being dramatic. You're implying 2020 was worse than the great depression...
@jeffreyferral3827
@jeffreyferral3827 2 жыл бұрын
Let's go Brandon!
@usernamehere2124
@usernamehere2124 3 жыл бұрын
Sitting here in June 2021... it’s scary how easy it is to compare the times just before the Great Depression to how we view things today.
@panterafan1223
@panterafan1223 6 жыл бұрын
"well somebody told us Wall Street fell, but we we're so poor that we couldn't tell" Alabama - song of the south!
@quercus4730
@quercus4730 4 жыл бұрын
panterafan 1223: Like there wasn't any good ole boys invested in the markets,horseshit!
@luciferlaughs9859
@luciferlaughs9859 4 жыл бұрын
@@quercus4730 Yeah the oil men !
@KP-vg3zn
@KP-vg3zn 4 жыл бұрын
@@quercus4730 Doubtful, people farmed just to get by & feed their families.
@quercus4730
@quercus4730 4 жыл бұрын
@@KP-vg3zn People farmed for profit just like today.
@SearchIndex
@SearchIndex 3 жыл бұрын
i had no idea what a dot com boom and bust was 😆..too poor to go bust
@user-iy7ed4od4b
@user-iy7ed4od4b 7 жыл бұрын
this is one of the great historical documentary I've seen. really high quality content well made thoroughly put together
@kodachromefilm
@kodachromefilm 9 жыл бұрын
According to Joseph Stiglitz (Economics) "The crash was inevitable. It was just a matter of time, it was inevitable." Those words, in my opinion, ring true today; even more true today.
@SidneyBoud
@SidneyBoud 9 жыл бұрын
kodachromefilm Depressions are inevitable We have staved them off for 50 years but they will get us finely and getting out will be a problem. Our constitution says gold and silver is money, got any?
@sergeijakube8298
@sergeijakube8298 9 жыл бұрын
Sidney Boudro How are depressions inevertable ? I say they are quite deliberate ( and therefore utterly avoidable) and where did the billions lost in the depression go ?????????????????????
@SidneyBoud
@SidneyBoud 9 жыл бұрын
Sergei Jakube Depressions are unavoidable when there is to much money printed. The next step is to print less which causes a depression. There is the other option is to keep on printing until the money is worth nothing this causes sky rocket inflation. Our politicians have never been able to walk the fine line between the two.
@lylecosmopolite
@lylecosmopolite 7 жыл бұрын
Given a host of wrongheaded actions, including a Fed that did not know what it was doing, the Depression was inevitable.
@elgreco1346
@elgreco1346 6 жыл бұрын
+Sergei Jakube Good question
@hankigoe829
@hankigoe829 4 жыл бұрын
Hank's deep thought of the day: A great depression is easier for poor people; they were used to being poor before the depression started, so there's less to get used to. Please discuss.
@jameseverett4976
@jameseverett4976 2 жыл бұрын
Discuss? Are you kidding? The hair trigger need to be offended these days would sound too much like the wailing of Howard Zinn on what torture his life in the USA - which of course he never wanted to just leave for greener pastures - was, which it seems he never got over. I guess he either thought the rest of the World was utopia, or that the USA persecutes every nation and there's just no escaping the intense oppression of all those evil people who love freedom more than government handouts.
@mikeforte7585
@mikeforte7585 4 жыл бұрын
This is nothing new...Harry Truman said in 1946 ...the only thing new in the world is the history you haven't read yet..
@Scarywesley4
@Scarywesley4 4 жыл бұрын
Never buy margin stocks. It's basically gambling and 75% of people lose.
@ronaldvasquez6488
@ronaldvasquez6488 3 жыл бұрын
Rob Basque sorry for your lost of investment scam
@ronaldvasquez6488
@ronaldvasquez6488 3 жыл бұрын
Rob Basque more deliberation next time before making a choice especially if involves money
@blongshanks77
@blongshanks77 3 жыл бұрын
You get it. It wasn’t the fact that people were buying stocks. It was people buying stocks on margin. Once the market crashes, the brokers make margin calls and the investor can’t fulfill it, the investor loses their shares and their original deposit. If a person invest with expendable income, even if the market tanks, they still have their shares and can just wait it out until the market picks back up again.
@justinfay3011
@justinfay3011 3 жыл бұрын
So you’re saying there’s a chance
@Layla-bc3kj
@Layla-bc3kj 2 жыл бұрын
Whats margin stocks
@barb0138
@barb0138 4 жыл бұрын
I just love history. America is just crazy. It has such great history in such a small amount of time. Think about it how long has China been a country and we are so young as a country yet we have accomplished so much. It is just crazy I love hearing about it.
@euniceasare4848
@euniceasare4848 2 жыл бұрын
That just speaks to how unstable of a country America is/was or how much pride it has in extolling any "from rock bottom" stories.
@judeirwin2222
@judeirwin2222 Жыл бұрын
Barb, get to work on improving your vocabulary. Not everything is “crazy”.
@FrostyBud777
@FrostyBud777 4 жыл бұрын
those who fail to know history are doomed to repeat it.
@UniusProject
@UniusProject 4 жыл бұрын
While watching this I couldn’t help but imagine a documentary 50 years from now, also talking about the “twenties”. It will be very very similar to this one. Except the footage will be in full HD and will feature even crazier clowns running governments, almost all else will be the same.
@gregdean2012
@gregdean2012 4 жыл бұрын
Probably not many of those LBGT and all those other stolen letters from the Alphabet parading around .
@loda2156
@loda2156 3 жыл бұрын
Just not as well dressed and less civilized
@YassoKuhl
@YassoKuhl 3 жыл бұрын
Let's just hope we vote for less silly clowns in our 30s. (German here...)
@purrminaj9727
@purrminaj9727 3 жыл бұрын
bold to assume that humans will still exist 50 years for now
@petarnovoselski7648
@petarnovoselski7648 3 жыл бұрын
if it is the same, we will not make it another 50 years lol
@AdmiralBison
@AdmiralBison 3 жыл бұрын
"It's a racket...those stock market guys (speculators) are crooks" - Al Capone
@blakerich5804
@blakerich5804 3 жыл бұрын
Real ironic coming from the actual crook lol.
@blakerich5804
@blakerich5804 3 жыл бұрын
@Ferdinand van der wijk so, you’re saying... just let me try to understand this.. that Capone WASNT a crook, because everyone knew he was a crook?
@blakerich5804
@blakerich5804 3 жыл бұрын
@Ferdinand van der wijk Capone wasn’t any better than Nixon lol.
@AdmiralBison
@AdmiralBison 3 жыл бұрын
@@blakerich5804 The point is a crook knows and recognizes crooks. Wall St. is nothing but a massive scam for the wealthy gambling away the working class's efforts and hard work. They get bailed out, working class rarely does.
@blakerich5804
@blakerich5804 3 жыл бұрын
@@AdmiralBison you have no idea what you’re talking about lol
@rEdf196
@rEdf196 9 жыл бұрын
Here in Canada, Vancouver real estate over the last decade has experienced a major speculative boom with 45% of Vancouver homes now breaking 1 million and still climbing fast. Looks like a big fat bubble to me.
@rototumassi
@rototumassi 9 жыл бұрын
+rEdf196 Obese like I say...
@rEdf196
@rEdf196 9 жыл бұрын
+Remskii In the last year alone, the average detached home in Vancouver rose 20% in value. Its like a feeding frenzy with houses selling within weeks or days of going on the market with competing bidding wars, Its insane.
@canadianehtheist3752
@canadianehtheist3752 8 жыл бұрын
+rEdf196 Born and raised in Vancouver since 1964, I hate the god damn rents going up every effen year. My one bedroom on the west side near VGH where I was birthed is $200 to $300 more than on the east side, only about 10 blocks away for the same damn apartment, what's up with that!? I am so sick of the rents here not just the prices to buy a home. People are paying half or more of the pay on rent these days, this has to stop some how.
@rEdf196
@rEdf196 8 жыл бұрын
+Al Uma Naughty There are an awful lot of high flying global investors with deep pockets from China, US, Europe, ect They snap up properties then flip a year or 2 later make a couple hundred thousand in profit. I have heard lots of stories of unoccupied homes going through multiple offshore owners. old homes getting demolished to build monster mansions. and pricey rent apartments too. My ant and uncle bought property in New West Minster in 1962 for $25000 today its worth $1.3 mil double what it was just 5 years ago They hate all the growing yearly taxes they have to pay. I am sure many apartment owners are feeling the pinch too. reflecting in the growing rent fees.
@canadianehtheist3752
@canadianehtheist3752 8 жыл бұрын
rEdf196 I know, it sucks, eh? it makes me sick, profit before people will be the down fall of nations, it has been so in the past but people tend to only remember from the time of their births or a decade or so before.
@Jackson-rf6rv
@Jackson-rf6rv 5 жыл бұрын
My nan and pop have great stories from the depression here in Australia. Makes you realise how lucky we are in the current state of the world economy.
@shawnn6926
@shawnn6926 3 жыл бұрын
I'm here watching this because of the crazy house market. Anyone wanting to buy a house now, just wait a little, it will level out.
@adriantrejo6696
@adriantrejo6696 3 жыл бұрын
How’s that going
@mynameisfrank6519
@mynameisfrank6519 3 жыл бұрын
@@adriantrejo6696 it’s on its way down now
@donnafrflorida56
@donnafrflorida56 3 жыл бұрын
@@mynameisfrank6519 not here in florida
@rockyroad2342
@rockyroad2342 6 жыл бұрын
Buy now pay later sounds familiar credit card today people buys consumer goods they can't afford.
@mookins45
@mookins45 5 жыл бұрын
in 2008 crash, loan defaults of all kinds put together comprised less than 3% of the total losses, the rest was the derivatives bubble blown by the 1% ... and then we made them whole by printing up $12 Trillion and putting it in the hands of the bank shareholders = the 1%
@roccoforte6889
@roccoforte6889 4 жыл бұрын
That's why its going to crash it's Inevitable and on top of that there's more debt money around then real money Bills in circulation so how to back up iou Bills with too little real paper bills to service that huge debt?
@roccoforte6889
@roccoforte6889 4 жыл бұрын
@@mookins45 indeed
@mookins45
@mookins45 4 жыл бұрын
both in 2008 and back in the Great Depression, it was bubble-speculation, not loan defaults, that caused the economic collapse
@shawnfreeoftyranny8849
@shawnfreeoftyranny8849 4 жыл бұрын
@@roccoforte6889 With American land and people who were signed over at birth for value of their lifetime labor through Corporation Capitol letters on their Birth Certificates, D.L."s and Social Security cards. Only Corporations use all capitol letters to show their incorporated. Why do you think the Elite are grabbing as much money as they can get their hands on and put in out of Country banks/realestate in knowing it cannot last forever when you bail out the ones who caused the problem again and again.
@metaparcel
@metaparcel 8 жыл бұрын
I' dress up and look for work as well. Any decent man would do this regardless of whether or not you told your family you did or didn't have a job. Its one step in front of the other.
@fayebrokaw2453
@fayebrokaw2453 3 жыл бұрын
I assume the impact became so devastating was instead of actively seeking employment and earning wages they were deceiving coercing themselves and families. Running Every morning over to "Wall Street " insider trading " one can only imagine the empty stomachs thirst and dehydration, the poverty level rippled throughout the socioeconomic global economies.
@wastedtalent2117
@wastedtalent2117 5 жыл бұрын
instead of bankers jumping out windows,we need to throw them out windows.(Goldman Sachs,Bank of America,Chase,etc)
@BrockJamesStory
@BrockJamesStory 5 жыл бұрын
Those banks are not the big problem the fed is
@shawnfreeoftyranny8849
@shawnfreeoftyranny8849 4 жыл бұрын
@@BrockJamesStory You do not know it was likes of Morgan and Chase that created the Fed. for their benefit ? And Gold Sachs, Bank of America are just new fronts like they were for British money to own America again through great deception ?
@meowth8050
@meowth8050 4 жыл бұрын
the real problem is interest and people spending money they dont have. the market is a place for wolves ready to feed of people. with no interest theres no unsustainable debt, its a system thats destined to fail over and over. its fantastic for the banks, making such incredible profit so easily and the corporations love people buying and buying their products. whos going to suffer in the end the common person whos not a millionaire/billionaire
@itrthho
@itrthho 4 жыл бұрын
Michigan Accountability Network They are the Fed!
@Whohah-s2p
@Whohah-s2p 4 жыл бұрын
Actually we the people are those who are not disciplined they just take advantage of it we are one wants everything now pay later with interest
@whodidit99
@whodidit99 2 жыл бұрын
My neighbor lived through the Great Depression. He was out of work, saw a construction crew laying a foundation, and joined them. After a couple of weeks, the boss asked him what he was doing there. He said he worked there, and the boss put him on the payroll.
@mattverville9227
@mattverville9227 2 жыл бұрын
I'm going to have to call this stories bluff
@MrSean03839
@MrSean03839 4 жыл бұрын
Now people have tickertapes in their phones and credit cards in their pockets. Sounds familiar.
@alberte.3059
@alberte.3059 7 жыл бұрын
The "Tulip bubble" of 1637...
@saintmichael1779
@saintmichael1779 5 жыл бұрын
Yep.
@caveymoley
@caveymoley 4 жыл бұрын
Coronavirus worries brought me here... 17 march 2020. Happy St Paddy's day everyone!
@StravoZ24
@StravoZ24 4 жыл бұрын
caveymoley ughhh same
@pattysanchez5641
@pattysanchez5641 4 жыл бұрын
Me too 🤷🏻‍♀️
@benriemersma8137
@benriemersma8137 2 ай бұрын
The global depression was caused by uk and Germany not being able to pay their war debts in 1929 not because some farmer made poor life choices
@johnpurvey5911
@johnpurvey5911 4 жыл бұрын
I bet you are all here because of the coronavirus.
@Creuzibaldo
@Creuzibaldo 4 жыл бұрын
That could be true... Idk
@dangerzone2900
@dangerzone2900 4 жыл бұрын
John Purvey yup
@abdullahadam8219
@abdullahadam8219 4 жыл бұрын
guilty as charged ...lol.
@brandyhunter932
@brandyhunter932 4 жыл бұрын
John Purvey Well damn...smh
@aliyusupof6297
@aliyusupof6297 4 жыл бұрын
Indeed
@johnvonhorn2942
@johnvonhorn2942 9 жыл бұрын
As the late, great Sir James Goldsmith said, "As soon as you see a bandwagon, it's too late to get onboard".
@whit2642
@whit2642 4 жыл бұрын
John von Horn Never heard this but love it.
@Johnconno
@Johnconno 4 жыл бұрын
Whereas Jimmy 'The Bastard' had people make the wheels for it.
@LisaMaryification
@LisaMaryification 4 жыл бұрын
I missed the computer boom, I missed the bitcoin boom and I missed whatever boom this virus has caused.
@abhinandantyagi6222
@abhinandantyagi6222 4 жыл бұрын
@@LisaMaryificationyou are gonna lose the gold boom as well.
@0ptimal
@0ptimal 4 жыл бұрын
@@LisaMaryification Bitcoin not done yet. N watch for augmented reality boom, aka: the next step in the evolution of the internet/smartphone.
@pizzaki582
@pizzaki582 3 жыл бұрын
Watching this as I desperately wanna get out of the family farm, mybe staying the farm might be a good thing.
@josephforest7605
@josephforest7605 2 жыл бұрын
God Bless farmers , for feeding the world .
@faustinae3927
@faustinae3927 2 жыл бұрын
Stay in at all cost. Depression heading our way 😉
@margaretyoung3094
@margaretyoung3094 2 жыл бұрын
It is good to stay with the farm...once it's gone there is no replacing it.
@MegaSnow121
@MegaSnow121 2 жыл бұрын
Owning land will be the best way to weather what might come as a result of the crazy, damaging policies set in place by a certain old, confused man and his cronies in the past nine months.
@dashingmay
@dashingmay 2 жыл бұрын
What kind of farming do you do?
@standinginthegap7118
@standinginthegap7118 2 жыл бұрын
History is currently repeating itself. May God help us.
@lilyle9952
@lilyle9952 4 жыл бұрын
Now is March 2020,history always repeat itself and men never learn.
@wcstevens7
@wcstevens7 4 жыл бұрын
Lily Le ..I believe that we are in for ' tough times '. Keep your money for essentials like paying bills and buying food.
@CruzyMopar
@CruzyMopar 7 жыл бұрын
It is so easy for us to make the same mistake again, when greed takes over, being not happy with what we have. " For the love of money"... and i think we know the rest. I feel another one is just around the corner, recession, that is.
@joyjoy9487
@joyjoy9487 2 жыл бұрын
Watching this again in 2022! And we are on our way to another Great Depression.
@ceasarwright7567
@ceasarwright7567 Жыл бұрын
Yup
@lindasmith6202
@lindasmith6202 4 жыл бұрын
Wow. Hoover's response to the crash sounds vaguely familiar. "Everything's fine, nothing to worry about".
@4evrnick
@4evrnick 4 жыл бұрын
In the end, his response may have been smarter than Roosevelt’s. There’s significant data today to indicate that FDR’s New Deal actually prolonged the Great Depression for years longer than it otherwise would have lasted. In the end, it was WWII and the resulting expansion the manufacturing base that saved the economy. In addition, it was Roosevelt who set us on the path to becoming a debtor nation and destroyed federalism, two issues that remain problems for us today, especially in connection with the Wuhan Virus.
@Dougie1969
@Dougie1969 4 жыл бұрын
Linda What would you have a president say. "Everyone we're all in a world of shit"??? Everyone freak out , panic, run, hide. Seriously don't be naive Linda
@awake6472
@awake6472 4 жыл бұрын
Yes Linda the government as we can see by this video been lying for years All we can do is learn and prepare for the dark times ahead.
@awake6472
@awake6472 4 жыл бұрын
Douglas young l fail to see how one being observant makes one naive..
@Dougie1969
@Dougie1969 4 жыл бұрын
@@awake6472 I would ask you the same question then. What you expect ANY President to say??
@laurabunyard8562
@laurabunyard8562 6 жыл бұрын
All four of my grandparents, both parents and their siblings grew up in the Depression. I never knew my dad's dad or mom's mom. But I do know my dad's mom showed how she was affected as she got older. She never threw anything away if someone could use or fix it and used to go dumpster diving. So sad to see how people only looked at the profit, but not the loss.
@barbarawright5774
@barbarawright5774 2 жыл бұрын
My dad had 4 fridges and freezers and we were only 4 people on the house. He just never wanted to be short of food. It was difficult for me to understand, as he grew up on a big farm and they had pleny of everything. But the depression made an huge impression on people.
@tundrawomansays694
@tundrawomansays694 Жыл бұрын
@@barbarawright5774 It sure did. It was a time of institutionally driven anorexia. Once you’ve literally starved for a protracted period of time, you never view food the same way again.
@garyc39
@garyc39 7 жыл бұрын
This is exactly whats going on today.
@KKing55
@KKing55 4 жыл бұрын
Exactly~!!!
@enriqueenriquez1902
@enriqueenriquez1902 4 жыл бұрын
Omg yes !
@brendansmith7842
@brendansmith7842 4 жыл бұрын
I would say much more so today. RSI is at levels not seen since late 1999.
@andrecurry6294
@andrecurry6294 3 жыл бұрын
Still??
@amandajohnson6517
@amandajohnson6517 3 жыл бұрын
@@andrecurry6294 have u seen what's going on with the stock market lol its about to crack
@rogjerr
@rogjerr 4 жыл бұрын
2020: Depression 2.0
@loda2156
@loda2156 3 жыл бұрын
2021*
@marcoAKAjoe
@marcoAKAjoe 3 жыл бұрын
@@loda2156 yes
@ReservedGuest
@ReservedGuest Жыл бұрын
It’s scary how they’re describing the stock market right before the Great Depression and it sounds exactly like the stock prices of Q3-4 2021
@ceasarwright7567
@ceasarwright7567 Жыл бұрын
Oct 29 2022 .... next crash ? Lol
@johnbartrambrooks8882
@johnbartrambrooks8882 6 жыл бұрын
Nothing complicated about the great depression, it was a national poker game. They wanted to enrich themselves by gambling on the market; anted up, bet and lost. Many saw the writing on the wall, rushed to withdraw their money from the banks and many of the banks also folded. Our family was poor in 1929 because my father could not find work and my mother would pick dandelions to make soup for us tots. Father finally got a job as ship's engineer taking coal across Lake Eire until a storm sank the ship and he drowned. My mother then took us three brothers ages 6 months, 1 yr and 3 yrs back to England where she came from. That's life...no complaints.
@KP-vg3zn
@KP-vg3zn 4 жыл бұрын
So you're around 90 years old now & using KZfaq.
@gmailplaystore1152
@gmailplaystore1152 4 жыл бұрын
@@KP-vg3zn My grandmother was born in 1929 and she is completely cognitive, active, lively, and yes she knows how to use the internet. I am young but your comment is disgraceful, rude, and disgusting. But I am sure it is a direct reflection on how you were raised so I do not blame you.
@phillyfan3942
@phillyfan3942 4 жыл бұрын
@@gmailplaystore1152 well hell, your very old yourself beautiful young lady;)
@NeverRetro
@NeverRetro 4 жыл бұрын
Everybody was in on the scheme, except poor people.
@michellehenry3175
@michellehenry3175 4 жыл бұрын
Wow..I'm so fascinated with American History told by the people who actually have first hand experience. When people actually worked towards and demanded their piece of the American pie .
@EdRomero312
@EdRomero312 2 жыл бұрын
And here we are in 2022, just about to repeat history!
@ceasarwright7567
@ceasarwright7567 2 жыл бұрын
Move over 1929 ...2022 is here
@Ed-iz4wm
@Ed-iz4wm 5 жыл бұрын
"People at the top were enjoying prosperity, most were not"...sound familiar?
@Arcian
@Arcian 5 жыл бұрын
History doesn't repeat itself, but it does rhyme.
@jc.1191
@jc.1191 4 жыл бұрын
Income inequality.
@kameyeam
@kameyeam 3 жыл бұрын
Let's look at the real picture, you're bitching on social media.... And there are countries with hardly any electricity. Socialist countries.
@RenzoM2811
@RenzoM2811 3 жыл бұрын
@@kameyeam Which ones?
@kameyeam
@kameyeam 3 жыл бұрын
@@RenzoM2811 right now, Texas
@charlesgraham9954
@charlesgraham9954 2 жыл бұрын
1929 depression is one deep rabbit-hole.
@lisadeav73
@lisadeav73 3 жыл бұрын
It's no wonder we come here to watch this in 2021. With the pandemic, and things that we are experiencing in the now.
@oldbaldfatman2766
@oldbaldfatman2766 4 жыл бұрын
April 18, 2020---Dad & Mom grew up during the Depression and I listened to their stories. Which is why when food was flying off the shelf, I wasn't worried. And no doubt, the same people who went to hoarding tp, etc. won't of learned their lesson.
@jackpinesavage1628
@jackpinesavage1628 4 жыл бұрын
My grandmother grew up during the Great Depression. She saved Mercury dimes and buried jars of peaches in the back yard as a result.
@louisianagrandma9787
@louisianagrandma9787 4 жыл бұрын
Poor lady. She was left feeling insecure. Can you blame her?
@ocanadastandinguard6840
@ocanadastandinguard6840 3 жыл бұрын
@@louisianagrandma9787 you missed the entire lesson.
@louisianagrandma9787
@louisianagrandma9787 3 жыл бұрын
@@ocanadastandinguard6840 Please explain.
@tula1433
@tula1433 2 жыл бұрын
Why bury peaches ?
@Irllyneed2pee
@Irllyneed2pee 5 жыл бұрын
Wow crazy to think my great grandma is still alive and was alive during this. She was born 1927.
@arandomyoutubeuser_____8930
@arandomyoutubeuser_____8930 4 жыл бұрын
My grandpa was 5 at the time. He said he remembers sharing a metal shack with 2 other families. They had no running water or electricity, and dirt floors. He said they had to go around back and manually pump water from a spicket connected to a pipe somewhere behind that little shack. But he also said he knows they were lucky, because some people didn't even have that.
@jc.1191
@jc.1191 4 жыл бұрын
@@arandomyoutubeuser_____8930 thank God we don't have that bs
@hujanair2
@hujanair2 4 жыл бұрын
to people of the future: this is eerily similar to 2020 coronavirus crash. we're currently about 3-4 months in. is this some sort of unavoidable cycle? creeps me out.
@WiCapitalco
@WiCapitalco 2 жыл бұрын
It's worse now.
@carleontafari
@carleontafari 2 жыл бұрын
@@WiCapitalco way worst
@constitutionofaxioms3387
@constitutionofaxioms3387 2 жыл бұрын
Hat makers must of had an incredible hedge during all of this...
@tula1433
@tula1433 2 жыл бұрын
Very true!
@thewaywewere9587
@thewaywewere9587 6 жыл бұрын
I have the feeling this is closer and closer to happening again but this time it will be a total catastrophe.
@Hollylivengood
@Hollylivengood 5 жыл бұрын
I have a feeling you haven't noticed it already has.
@zuko2.051
@zuko2.051 4 жыл бұрын
@@Hollylivengood yeah....
@harletterider9658
@harletterider9658 4 жыл бұрын
get ur stuff out of a bank. seriously
@Nonconceptuality
@Nonconceptuality 4 жыл бұрын
Silver and Crypto. But nothing will prevent the imminent collapse of the environment, and our subsequent extinction.
@insertnamehere5146
@insertnamehere5146 4 жыл бұрын
@@Nonconceptuality Gold Yes, Silver Maybe Crypto Fuck off!!
@oldesthippie590
@oldesthippie590 5 жыл бұрын
I binge watched this whole series....A most excellent series
@reddead2067
@reddead2067 2 жыл бұрын
Where do I find the remaining episodes?
@JohnDoe-wb4iv
@JohnDoe-wb4iv 2 жыл бұрын
Buying anything on credit or pawning items or payday loans is the same as buying on margin
@dennisli4619
@dennisli4619 5 жыл бұрын
It's no one's fault, just a manifestation of human nature
@gugomkrtchyan1927
@gugomkrtchyan1927 2 жыл бұрын
Interesting how similar times have become to then. Stock market booming Electric cars booming. Looks like a Great Depression is among our time period.
@nateisawesome766
@nateisawesome766 2 жыл бұрын
good. Time for capitalism to die finally
@johnallen2771
@johnallen2771 5 жыл бұрын
I was given shares in my company for my 401K plan. I wasn't told I could trade those shares or do anything really with my 401K. I was told that was all handled by the investment companies handling the accounts. My shares increased 10 times what they were when we were up for purchase. I didn't know to sell then, when the stock was at it's highest. The next day the stock plummeted because the deal was over. In other words, I didn't know what the hell I was doing in the stock market. I lost about 100K because of this.
@eddieaidi9227
@eddieaidi9227 2 жыл бұрын
Could we talk about that ?
@4lifeEDM
@4lifeEDM 4 жыл бұрын
Watching in MARCH 2020 (30 DAY ISOLATION) Day 1..
@barb0138
@barb0138 4 жыл бұрын
March 29th 2020
@onesmallgirl3070
@onesmallgirl3070 4 жыл бұрын
April 12th, 2020
@buttercupj6208
@buttercupj6208 4 жыл бұрын
April 22, 2020
@leahwarigia4352
@leahwarigia4352 4 жыл бұрын
March 3
@uvolusion23
@uvolusion23 4 жыл бұрын
May 3, 2020
@greycat3302
@greycat3302 10 жыл бұрын
Come think about it,that generation was pretty resilient,after all the despair,sense of helpless and humiliation,they could still rise above from it.Watching the historian talking about feel the shame of his reaction of his father‘s job,almost brought me to tears.Nowadays kids with much minor problems needed therapy,and it may still scare them for life.
@_slvya1647
@_slvya1647 Жыл бұрын
Oh my god. I was here from our 10th grade history chapter. It’s intriguing how almost every comment narrates their real life ancestral stories.
@camillecarroll106
@camillecarroll106 2 жыл бұрын
My mother, born in 1927, said she remembered fishing a half-eaten apple out of the garbage can behind her apartment building in Jersey City, NJ during the Depression. They were so poor, they took food when they could.
@azncs11
@azncs11 4 жыл бұрын
This video never gets old..
@patmelton43
@patmelton43 8 жыл бұрын
History does seem to repeat itself.
@jrstrange123
@jrstrange123 6 жыл бұрын
History can't repeat.
@grgarms
@grgarms 6 жыл бұрын
Pat Melton ...
@janeameliatinari8031
@janeameliatinari8031 6 жыл бұрын
B altimore Patriot H huh hhhhhhm. Hhhhhhh. H h h. H, hhh. H. Hi m hhh hhhh.
@dxb8086
@dxb8086 6 жыл бұрын
_"the thing is people never learn from history and are doomed to repeat it"_ That's not the issue. Muricans KNOW about their history. They just build a huge military in order to stay credit-worthy. The USA is the country with the biggest debt by far... why do you think it's still not bancrupt? Because they take what they want. They steal and rob everyone with no significant consequences. The USA is the cancer of this planet.
@Eric345
@Eric345 6 жыл бұрын
Just like life. When someone is losing their life, someone else is giving life in the same hospital.
@BluetheRaccoon
@BluetheRaccoon 3 жыл бұрын
"The things that will destroy America are peace at any price, prosperity at any cost, safety first instead of duty first, the love of soft living, and the get-rich-quick theory of life." ~Pres. Theodore Roosevelt
@brianallison1913
@brianallison1913 3 жыл бұрын
I distinctly remember in history class in grade school and the teacher proclaiming that the federal reserve(lower case intentional) was instated to prevent things like the depression from happening. The stock market crashed in 1929 and the fraudulent reserve was instated in.......1913. I wish I could see that teacher now because I have many questions about her claim I would love to ask her.
@mikerice5298
@mikerice5298 2 жыл бұрын
Mar 14 2008 Wall Street Bear Stearn . Too big to fail 2007 to 2010 26 trillion to banks and company’s and QE for years
@tundrawomansays694
@tundrawomansays694 Жыл бұрын
@@mikerice5298 And in recent history, we can trace that right back to St. Ronnie of voodoo “trickle down” economics and the rampant “deregulation” of all the safe guards that were put into place to ensure the Crash/Depression wouldn’t happen again. Destroying the power of collective bargaining starting with the Air Traffic Controllers resulted in the gutting of the blue collar working class. I’m really pleased to observe the recent rise of worker discontent and now, the word “union” is starting to loose the negative connotation the government tarred and feathered them with. Many people DIED for the right to collectively bargain in the early 1900’s. How quickly we forget……
@elbazart
@elbazart 6 жыл бұрын
All of the things said about the stock market in the 20's on this documentary can be said about TODAY's stock market! Believe it or not, we are living through the same period again.
@truthteller8248
@truthteller8248 4 жыл бұрын
I 100% agree
@tonymoretti2347
@tonymoretti2347 4 жыл бұрын
100x worse now. Open borders,no manufacturing and way way more deadly enemies
@wayneandrews9298
@wayneandrews9298 4 жыл бұрын
@@tonymoretti2347 + virus , agenda 21 coming along nicely ...
@wayneandrews9298
@wayneandrews9298 4 жыл бұрын
@L D bring down the cabal by all standing up against it , together we are strong & can beat them , one thing for sure is to never let the story of " the man who didn't kill himself " fade away , these scumbag pedo elites are the ones who are killing us , don't know if your up on what been revealed about Dr death FAUCI & hows hes been connected to the wuhan lab & but what they have in store for us is evil , this is nothing tho compared to what is planned for us next winter .. everyone , please , its our time now to rise & stand up together against these vile elites ...
@elbazart
@elbazart 4 жыл бұрын
@L D We can't stop it, but we can get off by holding some gold (10% of your portfolio is prudent).
@mikerod1864
@mikerod1864 2 жыл бұрын
History is repeating itself, We will experience a depression like never before. Inflation, high gas, high food, That's is a very scary signs.
@austingray6885
@austingray6885 2 жыл бұрын
Cryptocurrency market had a crazy boom for two years followed by this current beer market. This is obviously history repeating itself as the elites control every material in this world. Luckily for the poor they and I myself have nothing to lose since the only way we have to go is up. It’s times like these were opportunists take advantage to make money. Matthew 5:3
@GeckoHiker
@GeckoHiker 2 жыл бұрын
You are rich when you don't need money. After decades of frugal living and not servicing debt we get a shock every few months when we analyze the accounts and see how much has accumulated. Because money doesn't hold value we keep investing in land, building, and businesses that do. Our grandparents owned land, grew food, and had cellars full of food. There was never a last minute trip to a store to buy a few items. If they needed a doctor they traded food and other services. It may come to that again.
@joelstein4657
@joelstein4657 2 жыл бұрын
I remember my father, who had worked for .25 a day crying like a baby when Roosevelt died. Him and fifty million other men . Contrary to current opinion, we are definitely all in this together and dependent on one anothers actions.
@judeirwin2222
@judeirwin2222 Жыл бұрын
One another’s actions.
@jayeye4798
@jayeye4798 2 жыл бұрын
So my 401K has over 21% gains this year (2021). Seems very artificial. Time to pull out and buy gold or a piece of property?
@nateisawesome766
@nateisawesome766 2 жыл бұрын
Let it crash and be depressed
@aabens
@aabens 4 жыл бұрын
"It (the stock market) sort of cut loose from its moorings by which I mean, instead of being based on real values of the underlying companies, it was a speculators market in which people bought and sold stock thinking that if they bought it now, they could sell it later for more money." Anyone else seeing some clear similarities to this 2020 situation!?!?
@borntobe4419
@borntobe4419 3 жыл бұрын
No, completely different..... intended sarcasm
@alphabravo3566
@alphabravo3566 3 жыл бұрын
Next quarter or two... Bye bye felicia
@robribant6716
@robribant6716 4 жыл бұрын
Most people today don’t own the cars they drive, the house they live in, the clothes on their back and in some cases, the food on their table.
@martinleavitt6094
@martinleavitt6094 4 жыл бұрын
Agreed,,a recipe for disaster,,just a matter of time....⏳
@DonnielSeymour
@DonnielSeymour 3 жыл бұрын
Sounds like we are due a bad fall.
@marioncobretti8210
@marioncobretti8210 3 жыл бұрын
Sounds like a democrat run city. Keyword city...us rural.didnt starve during the depression and wont during the on to come....its called pick up a fishing pole....or a rifle and put food on the table. My great grandfather lived during the depression in a town of 3000 and no one starved they converted to the trade system.
@wontbefooledagain9400
@wontbefooledagain9400 3 жыл бұрын
@@marioncobretti8210 yes farmers suffered terribly, drought and dust bowl. They would leave their farms and walk hundreds of miles when the wells ran dry. Can’t live on a farm with no water.
@Thisisfifty
@Thisisfifty 3 жыл бұрын
so somebody owns them
@allgoo1930
@allgoo1930 9 жыл бұрын
It sounds awfully similar today, "Economy is sound.", "Those people(unemployed) are lazy.." etc.
@TOFKAS01
@TOFKAS01 9 жыл бұрын
Sometimes, history repeats itself. But only when it comes to excuses.
@allgoo1930
@allgoo1930 9 жыл бұрын
TOFKAS01 says: "Sometimes, history repeats itself. But only when it comes to excuses." == History repeats when you don't learn from it.
@allgoo1930
@allgoo1930 9 жыл бұрын
***** says: "The vast majority of young people today that I meet have absolutely no interest in history," == If the majority of people had a habit of learning mistakes and successes from the past, there will be no such thing as Tea Party.
@allgoo1930
@allgoo1930 9 жыл бұрын
***** says: "War On Drugs, its al bullshit" == I would add on top that, "Gun craze", "anti-Immigrants", "anti-government", "free market worship". Whether you like to admit it or not, they were in common place in 1920s-30s.
@sergeijakube8298
@sergeijakube8298 9 жыл бұрын
allgoo19 Why do you need to have a job and why ( for most people) must it be full time ??????????????? And where did the billions lost in the depression go ???????????????????? I look forward to your answer, Elvis
@zackde8795
@zackde8795 3 жыл бұрын
Sounds exactly what’s going on right now. Even it the cryptocurrency market with people getting into crypto they don’t understand(small cap altcoins)
@BaronLoveburned
@BaronLoveburned 4 жыл бұрын
too much money out and not enough back and people panicked due to an earlier problem and experience and memory of that rush so confidence dropped rapidly
@Rougescholar
@Rougescholar 4 жыл бұрын
Watching this now is eerie. Trump is handling the coronavirus situation like Hoover handles this market crash, and the stock market rallied today after the worst single week in years just like the market rallied after the initial crash in 1929...We just don’t learn from history.
@jacktheripoff1888
@jacktheripoff1888 10 жыл бұрын
Churchill was not there by chance. He was Chancellor Of The Exchequer at that time for Britain (The US equivalent of the Treasury Secretary). He was taken there by the head of the Bank Of England because they were about to show him how they (along with the FED) were going to get back all the gold that they had to give to America from its World War 1 loans. By suddenly withholding any more loans for stock purchases and calling on all margin loans to be paid immediately, they forced the massive sell off and crash. Some of the banking cartel's associates were told in August '29 to get out of the stock market as quietly as possible. Churchill was just there as an observer and had no say in the matter.
@hazelwalsh3269
@hazelwalsh3269 5 жыл бұрын
jacktheripoff1888 Churchill actually lost a fortune of the stick market... He had invested heavily....But I guess he learnt his lesson!
@undisciplinedintellectual8919
@undisciplinedintellectual8919 5 жыл бұрын
I like how people pretend that we fixed all the problems which caused the crash. Most are still present...only a matter of time.
@JustMe-fx1uu
@JustMe-fx1uu 4 жыл бұрын
That's coz you can't fix human nature, greed & STUPIDITY.
@sasablink
@sasablink 4 жыл бұрын
You can't fix the free market. People are free and use their best judgement to proceed with their financial decisions. Uneducated people make uneducated decisions. US really lacks in quality education and common sense for the majority of people. Other than that you can literally speculate a market crash at any moment. Literally any moment. That means nothing. A market crash is not a bad thing. You can make money from or during or after a crash, depending on your investment style and your financial approach. Also a crash ensures the market reflects the real prices of things. In essence anything that goes up can and should go down. The main issue with great depression is the combination of politicians being ignorant and looking after themselves (always the case), people making decisions that had little to no understanding (honestly their fault). The only thing that could improve this would be to introduce financial courses in school and to have certain barriers on who can invest and how much, which would prevent many parties from making money so i don't think it would ever happen. I'm not even sure it should.
@jameseverett4976
@jameseverett4976 2 жыл бұрын
Since then the gov has implemented various socialist programs, apparently including a financial backing system that can postpone a crash for much longer, but with a greater power grab once they have to do it. Back then was a simple plundering of the people's money, but they have something much bigger in store next time around - a total switch to a more controllable financial system, and a new world power center, including caps on population and limitations on their way of life.
@None-zc5vg
@None-zc5vg 2 жыл бұрын
@@jameseverett4976 Fascism
@shortretort2729
@shortretort2729 5 жыл бұрын
The seed of greed grows a garden of dead flowers.
@cfar005
@cfar005 4 жыл бұрын
15:07 'At some point, this process started to disconnect from the real economy.' This was true in 1929 and is true again in 2020.
@jeanmichaels8686
@jeanmichaels8686 4 жыл бұрын
Credit gave the people a false feeling of wealth. If the credit stopped, your wealth was cut to 1/4.
@hundimzug
@hundimzug 10 жыл бұрын
Dèjá vu?
@shoeshinegirl101
@shoeshinegirl101 5 жыл бұрын
👍👍👍💕 thank you‼️ Very understandable and explained simply and visually on many levels. Thank you, for your time and effort and bringing this to us.
@sum2automation
@sum2automation 4 жыл бұрын
Americans have lived very well compared to most other countries. Lots of people complain non-stop all their life, but I have never seen one person leaving because of how terrible life is in America. Yup, our biggest problem today is that Americas new generations think life owes them something and they think that freedom is a guarantee of financial success, housing and food. It's truly sad that people think Socialism taxation scams are the answer today, when our personal Freedom should be the most important thing. Government's power and Greed is one of life's biggest enemy in history.
@UpDownMichelle
@UpDownMichelle 6 жыл бұрын
So I'm the only person who noticed at 10 minutes in that they used a newspaper called "The Onion"? THE Onion.
@thewatcher077
@thewatcher077 5 жыл бұрын
I just left a comment on that!!!
@geraldogregory1070
@geraldogregory1070 4 жыл бұрын
Yes the onion
@wadejordan1975
@wadejordan1975 4 жыл бұрын
I remember one time in New York city i asked a guy where is Onion bank ? he replied : in carrot street !
@jameseverett4976
@jameseverett4976 2 жыл бұрын
Well...the whole thing kind of reeked of that mentality.
@CPorter
@CPorter 5 жыл бұрын
For those like me who want to just get into where things starting going bad, 15:20 is a good place to start
@tula1433
@tula1433 2 жыл бұрын
Lmao thanks
@tula1433
@tula1433 2 жыл бұрын
The difference is they wanted to work back then! Now all anyone wants to do is film cringey fake set up, fake candid tiktoks 🥴
@ceasarwright7567
@ceasarwright7567 2 жыл бұрын
Agreed
@user-se7wf9dv6r
@user-se7wf9dv6r 2 жыл бұрын
The stock market was compared to a casino and many of the top speculators used the naivete of the average consumer to swindle them and make money. Reminds me of a relevant quote: "If you're in a poker game and don't know who the mark is it's you."
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