How Did the Great Depression End?
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- Опубліковано 17 січ 2020
- What ended the Great Depression from 1929? The economic crisis kicked off at Black Thursday on October 24, 1929 when the stock market on Wall Street crashed. American president Herbert Hoover had no answer to the crisis. The economic recession became an economic depression. In 1933 Democrat Franklin D. Roosevelt became president and said: “this nation asks for action, and action now.” He had a plan named the New Deal. This was a package of laws for economic and social reforms. Did Roosevelt's New Deal stopped the Great Depression? In this video you will have the New Deal explained.
History Hustle presents: How Did the Great Depression End?
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It scares me knowing that we are most likely headed towards another depression and there are no leaders capable of pulling us out this time
Let's hope it won't get that bad.
You're right this time it's the end of the world now did you notice everything's gone up it's a scam from the government they did this by purpose
This aged well
@@HistoryHustle unfortunately we gen z will have to spend our lives cleaning up the mess boomers did
I feel like a lot of this is going to be very relevant in the Us/World very soon..
Let's hope not...
You called it
If you look at what has been learned since the depression as well as what the federal reserve has done, then no but if you look at the surface yes it’s concerning! It’s hard to say what the future holds but I see a brighter side honestly but that is for the United States. On a world scale it’s going to be a challenge
dammit john you called it
Better not. We have a massive aging population globally. Sending younger people out to get killed is double stupid.
Roosevelt's story is truly remarkable. From his economic and social reforms, through his battle with illness to the way he orchestrated U.S foreign policy during the world war. There are many things he can be criticized and praised for, but I think that we all can agree that he was an interesting character.
My Grandparents (May they rest in peace) grew up in the depression and fought in WWII and always had very very high praise for FDR. "The Greatest President" in their lifetime they often said.
@@chaseskalon3622 Roosevelt was indeed a man of strenght who had great ideas and can be considered as one of the better US presidents of the 20th century.
@@HistoryHustle No he was one of the worst presidents in American history, we are still suffering from his Presidency today, just like every time a Democrat is elected. He was also a racist, not good at all.
@@HistoryHustle I'll have to disagree. He failed to bring back jobs, which was the entire reason he was elected, and failed to resign when he was sick and going mad.
@Ice Cube that would actually make sense from how terrible things were going
Glad for videos like this that clarify the whole FDR/New Deal scenario. Many people directly associate FDR’s policies with fixing the Great Depression because both them and WW2 occurred during his Presidency. Many don’t realize that it was actually a hike in wartime industry that actually brought the country back in good economic shape.
Thanks for replying.
Roosevelt did keep us limping along and avoiding complete collapse. I think he deserves that. My hat's off to him.
I understand.
Would you say the great depression caused the war and the war ended the depression?
In a way yes.
Avdhut Joshi What caused the war was people blaming things on other's for their own faults. The Depression didn't really end till after the war was over for awhile in the 50's, that's when the country really got back up on its feet.
His new deal extended the Great Depression. It supported monopolies as well as government running the economy rather than private business. Though it was struck down as unconstitutional they still kept it going.
Why people think it helped I can’t fathom. He gave money only to swing states, not the Sth, the poorest region in America. Since he had their votes he didn’t need to give them a bribe. So he bribed swing states on the East/West coast.
The rest of the world was out of the depression by 37. Not America or Russia because socialism ain’t that cool.
Great content aye!
Thanks!
Hey thanks man I it helped a lot.
👍
This truly helped me
You're welcome!
My gosh the insanity that Roosevelt helped stop in a sense. It’s helped our country 🇺🇸 but there are different problems now. Many of which go unseen! Great work!
Thanks for watching.
Helped? hardly.
Each notification I receive from you, history hustle. My thinking is like is it ww1 Luxembourg?
Unfortunately not. But good video anyways!
Be patient, it will arrive within a month or two.
@@HistoryHustle Ok. I cannot wait! 👍
Watching this to see how we can hopefully get out of this silent depression
Take care!
The Great Depression didn’t end until ww2. The new deal extended the Great Depression.
Hi just wanted to say great video but I tried to put on subtitles and the word are all scramble. Not sure if there's anything you could do about it but thought you should know.
Recently I was putting subs but only at well watched vids. This ain't one. Sorry.
Can you make an video abaot Serbia under Milos Obrenovic I?:)
Check out: ua-cam.com/video/6UHEifYAPlQ/v-deo.html
Almost 5k subscribers :DDD
Yes, we are getting there!
History Hustle 13.2K!
Where did this myth that Hoover did nothing come from? He was directly involved in the economy. He did big public works projects, he mandated wages (insane to try at the time), he directly dictated pricing and contracts on labor. These were some of the most interventionalist things a president had ever done.
Please explain.
He only started doing making interventionist moves once it was too late and the "Titanic had already hit the iceberg", so to speak. He strongly maintained that "the ship will right itself" (direct quote) for a while.
Funny how history always repeats itself.
Please explain.
@@HistoryHustle from my studies the past 3 years, I am seeing similar trends at once from the Great Depression, WW2, and the Cold War that never ended all at once. I found your video while looking for answers to possible solutions to prepare for the future. Topics you discussed will hopefully in an updated way be replicated.
First they built for war.And after the war they rebuilt what was destroyed 😂good for economy
I see.
The broken window fallacy.
nice
Thanks
You delated the video with the romanian hungarian war from 1919 ?
Right here:
ua-cam.com/video/s-2Ip1T1ARg/v-deo.html
0:40 - 0:50 : This is a myth. Unlike his predeccesors Warren Harding and Calvin Coolidge, Hoover was a big meddler in the economy. He raised taxes, increased spending on public works projects and, his worst offense, ratified the Smoot-Hawley Tariff Act, which made foreign trade come to grinding halt. In fact, Hoover was such a meddler he was called a socialist by FDR's running mate! In contrast, Harding faced an arguably worse stock market crash, but it recovered relatively quickly and the Harding administration hardly got involved.
World War 2 did not end the Depression either. Yes, enlisting 11 million Americans brought the unemployment rate down (which was back in the 20+% right before our entry btw), but it's not a sign of a health economy that we think sending 11 million men to risk their lives against the Nazis solves the problem. If war fixes global recessions, why didn't we work with the UK during 2007 and build up the greatest fleets of ships every seen and blow them all up?
What ended the Great Depression was the returning veterans coming back to work, scaling back the New Deal and taking off the government stranglehold on the economy.
I see. My source told me different. But if you're right I stand corrected and I thank you for taking the time to write your comment.
Which restrictions in particular?
You say scaling back the new deal fixed the economy. Which part? Which aspects in particular?
I mean, the economy was booming even with major taxes and restrictions in place.
The removal of those policies in the 70s is what has brought us to now.
I like the way you dress, got a sense of history.
Thanks!
Kun je iets doen met je Nederlandse Kanaal het staat heel veel vaak stil.
Klopt, er komen inderdaad minder video's op uit. Hou dit kanaal in de gaten zou ik zeggen.
@@HistoryHustle oké
So basically supply and demand as Von Misses economic theory stands.
Please explain.
the post war economic boost is the main reason why the grest depression ended
Thanks for your reply.
The Great Depression didn't end and our economy didn't come back to normal until after WWII
See video.
So massive government spending for War ended the Great depression because no one would go for massive government spending otherwise? So if we have another Great depression because of deflation, will we need another big war?
Let's hope not.
@@HistoryHustle I also would like it to not be true but if the news from India and other Asian countries is accurate, history is repeating itself. A certain eastern Asian country is currently trying to expand it's borders. It is alarming it's neighbors and making alliances with some other countries that are hostile to those neighbors or are currently at odds with the USA and other western countries. They are also creating internment camps for their religious minority group. I hate to say it but it appears to me that the pieces are moving into place.
Another thing that seems like perfect timing is the current unrest in the United States. I suspect someone might be behind that. I think actors on both the left and the right are being agitated into a civil war to keep the US busy.
Yet another thing that leads me to think another Great depression is looming is the commiting of the same errors of the first Great Depression of not wanting to spend on social welfare programs and instead trying to prop up failing industries. Just another sign that we haven't learned our lesson from history.
I have no proof of course but I've seen the pattern before. German expansion in WWI and WWII comes to mind. All we can do is hope people will come to there senses.
I mean they should just reserved a good amount of resources before they go to war
I see.
I would also love growing up during the Vietnam war seems like a great time to be alive
Where?
I give you credit, this is one of the most objective analyses of this subject I've seen on youtube. Sadly, most simply paint FDR and the New Deal as heroes that saved the nation, when in reality, the adverse effects of each are still being felt to this day in the form of massive gov expansion and subsequent, unsustainable federal debt. Government is the problem, laissez-faire is the solution.
Thanks for sharing.
This is NOT correct history. Herbert Hoover and FDR had the same, anti-capitalist politics, FDR more so. WWII saved FDR from absolute ruin since he had not defeated the depression, but increased it. The depression was defeated after the war. There's a great need to get a more accurate projection of FDR and most historians don't know about economics.
Ok. Thanks for sharing your insights.
How to combat unemployment in a depression? Throw enough people into basically what is a meat grinder... geez, not looking forward to the next depression.
Lets hope it wont come this far..
I have often heard how Roosevelt "saved" USA in the Depression, but i thought you were a Dutch historian, how did the Netherlands get thru the Depression?
btw: the real cause of the end of the world Depression of 1930's was WWII. FDR just helped before then in the USA.
btw2: Hoover was a Mr Fix-it - he headed up the aid to starving Belgians after WWI, and then he also helped the later Russian starvation after the revolution. But folks forget that Hoover was not alone in the presidency, everyone in the bureaucracy and the congress was afraid of big gov't also. FRD was carried in orignally by a huge change in those areas also.
Good question. Dutch economy was under German control after 1940. After 1945 is took a while to recover. Thanks to the American Marhsall Aid the Dutch economy went much better during the 1950s.
Depression solution:- Universal Basic Income.
Dignity Life For every one
I see.
Next time, just say “I don’t understand economics.”
It’s exponentially more honest than what you just wrote and people won’t immediately write you off as objectively stupid.
@@NoahBodze in a dreadful cyberpunk future when human productivity been pushed to a limit, it’s either mass starvation or it’s universal basic income.
@@Spider-Too-Too You don’t know anything and you’re stuck in that paradigm because you have no imagination to help you.
Your comment was objectively stupid. Find people in your life who will be honest without about this. For your sake, stupid.
@@NoahBodze all these words and it’s equally worthless like someone type “no”
By rejecting toxic people and being positive. :))
Sure a great start of avoiding certain types of depressions yes.
@@HistoryHustle By the way, what did you use as a source? also does the US keep depending on its military-industrial complex to keep their economic bubble(?) going?
@@user_____M I don't know much about current US economics. I used a Dutch book named: "The United States and their federal government (1865-1965)".
wdym the answer isn't 'therapy'
?
🙏🏾
👍
Roosevelt extended the great depression by preventing an upturn, and ended it by dying.
Source?
@@HistoryHustle Try reading New Deal or Raw Deal by Burton W. Folsom Jr. I hold a degree in Social Studies Education in the US. From my classes I learned that RFD didn't know what he was doing.
@@libertylady1952 That is true, he was one of the worst presidents in American history.
We won the war too last war we won
Damn.. It's getting closer ;)
There will be another war ofc
Let's hope not.
Great depression ended because od ww2
Yes indeed.
@@HistoryHustle So what about 2020 depression, how would it end.
WW3
Ww2
Correct!
Hoover was in many ways more socialist than Roosevelt. This entire video is inaccurate.
Please explain.
Rumba Dog - Badboyhalo's Stream Mod Yes please explain. This should be good....(grabs bowl of popcorn)
Yet, we wait...
I would also like an explanation so we all can learn.
It ended by ww2
Yes.