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New Deal and Communism - Cold War DOCUMENTARY 

The Cold War
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Our historical documentary series on the history of the Cold War continues with a video on Roosevelt's New Deal and communism.
Taiwan Under the Kuomintang Dictatorship: • Taiwan Under the Kuomi...
What Happened to the German and Japanese POWs?: • What Happened to the G...
Operation Paperclip: • Operation Paperclip - ...
German Expulsions: • German Expulsions Afte...
Soviet Education System: • Soviet Education Syste...
How Khrushchev Fed the Soviet People: • How Khrushchev Fed the...
Novocherkassk Massacre 1962: • Novocherkassk Massacre...
Soviet Tourism: • Soviet Tourism: How di...
Soviet Passport System: New Serfdom or Reform?: • Soviet Passport System...
Kaliningrad: How Russia Got a Stronghold in Europe: • Kaliningrad: How Russi...
How the Soviets Won the Early Space Race: • How the Soviets Won th...
Soviet Television and Radio: • Soviet Television and ...
Top-5 Myths About the Soviet Union: • Top-5 Myths About the ...
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#ColdWar #America #NewDeal

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21 авг 2024

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Комментарии : 216   
@pecadodeorgullo5963
@pecadodeorgullo5963 2 года назад
I know this ended after the cold war but would you ever consider covering the troubles in northern ireland and how it affected the UK as a whole?
@TheColdWarTV
@TheColdWarTV 2 года назад
For sure it is a topic we will look at, given what an enormous impact and influence it had on the Thatcher years.
@d.strassler9080
@d.strassler9080 2 года назад
And Venezuela during the Cold War
@skeletonkeysproductionskp
@skeletonkeysproductionskp 2 года назад
As a fellow RU-vidr, Ive done several videos on Northern Ireland, and my most recent on Operation Armaggedon covers much of the history of the Troubles and its effect on Britain
@genege6301
@genege6301 2 года назад
When you say "it ended after the cold war" what do you mean
@pecadodeorgullo5963
@pecadodeorgullo5963 2 года назад
@@genege6301 1960s-1998
@fr2ncm9
@fr2ncm9 2 года назад
As a follow up, you might want to consider how Lyndon Johnson's Great Society programs impacted America.
@ablackcatnamedfred
@ablackcatnamedfred 2 года назад
Oh no, not the last installment! I've loved this series!
@TheColdWarTV
@TheColdWarTV 2 года назад
This was a really interesting set of videos for us; glad you really enjoyed them!
@rnklv8281
@rnklv8281 2 года назад
Interesting video. From what I was taught/read , FDR's New Deal received flack from both the "Left" (government not doing enough) and the "Right" ( steering the United States into Socialism/Communism, like your video presentation states) . I think the New Deal was intended to "tweak" the system (not a complete overhaul of it), putting American's at ease (His, "There is nothing to fear, but fear itself " speech ) and maintaining faith in the U.S. government in this time of economic crisis. My comments are subjective.
@alphamikeomega5728
@alphamikeomega5728 2 года назад
Huey Long was one of those who criticised the New Deal from the left. At the same time, when Long was accused of being a socialist, he said that his policies were what would protect America from socialism - and presumably Roosevelt will have made the same argument at some point. Another reform designed in part to reduce the appeal of communism was Eisenhower's Civil Rights Act. There were some major changes under FDR. Most prominently, he selected nine Supreme Court justices during his four terms, which was enough to see the court overturn past decisions which had led to the Lockner Era. This meant that, for instance, a minimum wage law was now possible, whereas previously it had been considered an unconstitutional violation of employers' and employees' right to freely contract, based loosely on the 14th Amendment via substantive due process.
@ozzyhaye
@ozzyhaye 2 года назад
Most of Roosevelt's friends and advisers were Communists
@altonwilliams17
@altonwilliams17 Год назад
Seems similar to pushback against Joe Biden.....
@eruno_
@eruno_ 4 месяца назад
social democratic policies
@lima153330
@lima153330 2 года назад
Can you do videos about anti western and anti capitalist feeling in the Soviet union prior to the Cold War
@jesseberg3271
@jesseberg3271 2 года назад
This isn't an exact quote, but I agree with Joseph Kennedy, Jack's father, on this one. When someone asked him why he was helping Roosevelt implement *"socialism"* in America, Kennedy responded something along the lines of, _If you want to see what real socialism looks like, revolution and all, keep fighting against Roosevelt's efforts to save capitalism from itself._
@spartanx9293
@spartanx9293 2 года назад
You do know Roosevelt's efforts actually caused another recession right Roosevelt all he did a good job leading Us in wartime did not get us out of the hell hole that was the Great depression
@jesseberg3271
@jesseberg3271 2 года назад
@@spartanx9293 you don't seem to understand how revolutions work. People don't care if we're technically in a recession or not. They care if they can get food, housing, and other necessities, and they care (to a lesser extent) if the government can be seen to be helping. The economic system was failing people, and they didn't have our long history of prosperity to make them trust that the system would eventually get it right. If the government didn't A) get bread into people's hands and B) make it clear to people that they understood the severity of the situation, then good economics be damned, the people would have turned on the system, violently.
@DmitriPolkovnik
@DmitriPolkovnik 2 года назад
@@spartanx9293 This is untrue. The economy grew and recovered very significantly from 1933-37. If you are referring to the dip that was the recession of 1937 most economists argue it was caused by the Treasury insisting that the federal government lower spending and increase taxes, which obviously had the effect of causing an economic contraction. That's very obviously not the New Deal or a Keynesian response, that's very much a balance the budget at all costs Classical School take. You can definitely argue the degree to which the New Deal improved the economy overall but the idea that it caused a recession is economically illiterate.
@spartanx9293
@spartanx9293 2 года назад
@@jesseberg3271 yes they do because you will find that there are still going to be telltale signs of being in a recession And if the government isn't actually helping they're exacerbating the problem not solving it
@spartanx9293
@spartanx9293 2 года назад
@@DmitriPolkovnik I sincerely doubt that was the only effect in causing that recession considering how much GDP dipped and how high unemployment Rose
@berke2336
@berke2336 2 года назад
have you guys ever looked into Pol Pot and the Cambodian proxy war that lasted til the fall of the wall? It's genuinely insane and kinda hasn't stopped
@berke2336
@berke2336 2 года назад
Pol Pot and the Khmer Rouge did a great job of isolating themselves from the rest of the communist world. You know you messed up when Mao says you went too far.
@bennett8535
@bennett8535 2 года назад
It always amazes me at how easily corporate interests have, and still do, manage to convince ordinary people, particularly the working classes, that their interests align and Big Business has their well-being at heart. Plus la change...
@redcoat4348
@redcoat4348 Год назад
Well it's not like the interests of business don't coincide with those of the people. An environment that is good for business brings jobs while a productive and satisfied people make for good consumers.
@weightlifting_socialist
@weightlifting_socialist Год назад
@@redcoat4348, they do coincide to regular people and society as a whole but not with the morbidly wealthy capitalsits of this country. Since the 1980s, the right wing and centrist democrats have made sure to roll back as much as they can of the new deal polices and what came under LBJ. The interests of business have decided that they deserve the majority of profit and that we must continue to work for little pay while the owners and upper management take a unfair amount. Compare the time frame of 1930s to 1980 then 1980 to now to see the effect of right wing economic policies. Kansas in 2012 is all I need to point to if you want to see the end goal, look at what that did to the state and you will see why the citizens turned that around as soon as they could. Capitalism will never take us into a world without money, class, bigotry, poverty and war. It will continue those due to the upper class requiring a lower/poor class to be exploited to continue the system. We have to evolve or replace capitalism into a system where we all benefit instead of a tiny minority that takes individualism to the extreme. People in the future will look back on our time with horror and disgust as we do with medieval feudalism and other aspects of that time because we allowed a tiny section of society control the rest by having the majority of society have to work to live or not work and lose everything or live an impoverished life with choices of food or medicine, while the upper class thrived and more. It's honestly unfathomable and will never be known how much this system and previous systems of control have held humankind back from advancing further than we are now, we could have already been traveling the stars if not for systems like capitaslim and feudalism.
@redcoat4348
@redcoat4348 Год назад
@@weightlifting_socialist Capitalism has worked out pretty well for me lmao
@SuperBraddarb
@SuperBraddarb Год назад
@@redcoat4348 good for you. It has destroyed the lives of millions. Which do you think is more important?
@redcoat4348
@redcoat4348 Год назад
@@SuperBraddarb I'd probably say me because the lives ruined by capitalism probably wouldn't even exist if it weren't for the advances done by capitalist nations.
@WhiteCamry
@WhiteCamry 2 года назад
@ 7:19 ... "Franklin Delano Roosevelt, the former governor of New York." FDR was still the governor of New York in 1932.
@guyguy7634
@guyguy7634 2 года назад
Could you also do a video on the relief efforts of Hoover to the Soviet Union? I thought it was really interesting event and often gets overlooked.
@R3dH4z3
@R3dH4z3 2 года назад
And to this day they still use the same excuses when the Government uses our own tax money to help us in hard times. But when the big Corporations need a bailout its a different tune they start to sing.
@annehersey9895
@annehersey9895 2 года назад
My Grandfather always called himself a 'New Deal Democrat'. I, after much studying, am proud to follow in his footsteps! It did help the US get out of the depression although certainly not as quickly as hoped. One byproduct was that the WPA and CCC (which is still going on for young people) offered work and got people off the streets and really did boost self-esteem. It gave us Social Security and unemployment and if not for a newly elected Republican Congress would have actually given us National Health, sigh. While the War is what truly ended the depression, the New Deal gave people optimism where only pessimism reigned under Hoover. Unfortunately in the US to this day, Republicans still equate Socialism to Stalinlike Communism no matter how much you point to other Social Democratic countries like those in Scandinavia! David, I believe Father Coughlin was Canadian!!
@richardcostello360
@richardcostello360 Год назад
The sad think is that the average American thinks Stalinist ideas is "socialist" and communism is the only type of socialism 😂 It's as insane as saying American democracy is the same as French democracy or UK democracy I'd rather pay a decent amount of tax in Sweden then pay almost nothing in the USA
@BorninPurple
@BorninPurple Год назад
Oh god, this is nonsense, where to even begin with this one: when the wall street crash happened the United States hadn't at any point entered unemployment in the double digits (to do with percentage). This changed when Hoover enacted a tariff policy to protect American workers (something that many economists had advised against) in which unemployment finally shot up to double digits. All Roosevelt did was continue the policy of government intervention which spectacularly failed in every way. Unemployment would stay in the double digits, the only thing literally saving the American economy being the Second World War, which mass mobilised American society and kick-started the US economy into being the pre-eminent economic and political power of the world. The New Deal assisted with lumbering an already bad depression (or series of recessions, depending on who you ask) into a worse one, no matter how much the government tried creating jobs from government projects (likely inspired by the government projects of Nazi Germany and Stalinist industrialisation). Had the US not been at war, the New Deal would have likely been a failure (as it actually had been). The crazy thing is the US government would have actually helped the situation by doing nothing. Do you know why? Because the same level depression hit the United States post-ww1 in the early 1920's, and the United States government did the shrewed thing of doing......nothing. That's right, absolutely nothing was done and do you know what happened? The economy recovered within a 2 year period (there had been some assistance but this was minimal). There's this myth that somehow the government can fine-tune/tweak it's economy to be optimal (something which was disproven in the late 20th century), which is absolute nonsense. The New Deal was a spectacular failure.
@deanbuss1678
@deanbuss1678 2 года назад
I really, REALLY appreciate this episode. In some ways, the more things change, the more they remain the same.
@RobAlexander-zy6kw
@RobAlexander-zy6kw Год назад
David, Thank you very much for your hard work!
@petarpetrovic2060
@petarpetrovic2060 2 года назад
Very good presentation of the preparation for the cold war, congratulations! It would be interesting to talk about the help of the western scientist and phylosophers to the bildup of the soviet union, such as the management and education through the big and respected John Dewey, big olifirmes, companies of heavy industrie, german rearmament that got "exported" after the versailles treaty and so on...
@magellantv
@magellantv Год назад
Stellar as usual!
@_mrhafizwilliams_
@_mrhafizwilliams_ 2 года назад
I love your channel very much!! I've been watching and learning about the Cold War for a long time through this channel. Your videos have a great presentation, it's easy for me to memorize. Greetings from Malaysia 🇲🇾
@sinonkryze3638
@sinonkryze3638 2 года назад
The Cold War can you make a deep dive video on communism and how it evolved from is conception by Carl Marx to its change to what we know at the present.
@cmleibenguth
@cmleibenguth 2 года назад
Look at New Discourses He doesn't connect it to the Cold War, per se, but he does track the various big thinkers, such as Herbert Marcuse, from the 1950's onwards. More focused on academia and how Communism evolved from focusing on an economic-based proletariat to one on identity.
@sinonkryze3638
@sinonkryze3638 2 года назад
@@cmleibenguth Thanks for the suggestion
@AloisWeimar
@AloisWeimar 2 года назад
Neoliberalism coopting Identity from civil rights empowerment movements and neutering them of any real economic threat to the elites. The PMC’s starting the the 70’s adoption of racial and ethnic identity to blunt economic identity and a focused attack on Trade Unions and adoption of austerity polices. This socially Liberal but economically Conservative policies of neoliberalism have divorced economic leftism with racial or cultural identity to replace and stop any real change of the Material conditions while claiming to be good and just and woke as it were.
@rnklv8281
@rnklv8281 2 года назад
Perhaps a "What if" future video might be: Would the Soviet Union (and the World) been different if Trotsky (not Stalin) succeeded Lenin.
@deshaun9473
@deshaun9473 2 года назад
Can you do a video on Haiti and the Dominican republic during the cold war?
@saadezzahraoui
@saadezzahraoui 2 года назад
Thank you David for this channel! Greetings from Morocco 🇲🇦
@fr2ncm9
@fr2ncm9 2 года назад
Many people mocked Roosevelt. My Grandparents referred to him as "crooked legs.
@theawesomeman9821
@theawesomeman9821 2 года назад
yet, he still managed to serve more terms than any president of the US
@Tomcat71
@Tomcat71 Год назад
We are fixing to have a great depression 2.0 and its gonna make the first one look like the roaring 20's .
@blanchjoe1481
@blanchjoe1481 2 года назад
Dear TCW, Thank you for another well researched and developed piece. The history of America has always been about conflict, conflict between a vision of what it means to be an American, and what the future of America is going to be. This continues to this day, even though so many commentators believe the current class, race, religions, and wealth struggle in America and the UK is somehow "new" ( too few read history, and fewer still pay any attention ). The irony ( and when is history or humans ever been complete without irony ), is that it was the development of the Trade Unions within the US and the UK ( and decades later in Japan ) that was the greatest socio-political bulwark against Communism, as Marx had never envisioned in his class theories their creation. To some degree All Smith was correct, the New Deal and the development of the Unions was a form of "class struggle", primarily Male, White, Wealthy, and Protestant, against Poor White and Non-White, Male and Female, and Non-Protestant and whose vision of America was going to exist.
@frankmiano5266
@frankmiano5266 2 года назад
I love your channel!!!!!
@TheColdWarTV
@TheColdWarTV 2 года назад
Thank you, very glad to hear you are enjoying the content
@user-op8fg3ny3j
@user-op8fg3ny3j 2 года назад
Did you guys delete some of your videos because I had them in my watch later and it's gone now
@casamesadoof
@casamesadoof 2 года назад
Another great video as always
@hantykje3005
@hantykje3005 2 года назад
@14.28 Father Charles Couglin- Alex Jones of the 1930s?
@finchborat
@finchborat 2 года назад
This is completely off topic, but will there be a video in the near future about Gorbachev with the news about him passing away?
@tadthompson3943
@tadthompson3943 2 года назад
Best show in youtube! When will you do Vietnam? or JFK?
@TheColdWarTV
@TheColdWarTV 2 года назад
We are getting there! We promise :)
@m.a.118
@m.a.118 2 года назад
I'm so happy this was all in the past and none of these talking points carried over to the present! ... Hahahaha..ha...ha... *SIGH*
@mardasman428
@mardasman428 Год назад
That incredible "foul breath of Communistic Russia" reference cannot be unheard now :D. I will now associate every communist politburo member with bad breath and people pretending not to notice it :D.
@brokenbridge6316
@brokenbridge6316 2 года назад
I have a "What if" in mind. "What if" Roosevelt tried to help simulate Big Business during the Great Depression? What would that have done?
@dalongibson733191
@dalongibson733191 8 месяцев назад
The Dust Bowl was NOT a NATURAL disaster. It was entirely man-made. The bumper crops of the 1920s were an anomaly, in the long history of the Southern plains. Historically it had been known as the “Great American Desert”, due to its perceived uselessness for agriculture. The U.S. government had recently opened up the Southern plains to white settlers beginning in the late in the 1890s. This combined with the unusually wet 1920s caused many to flock to the Southern plains for cheap land and to make a good living growing wheat. After The United States entered WW1, to feed the war effort, the prices of farm commodity was fixed artificially high which spurred rampant overproduction and the plowing of MILLIONS of acres of native grasses. Eventually, the prices controls were lifted, causing the price/bushel to plummet. Farmers, desperate not to lose their homes and land, plowed more land under to increase the number of bushels produced, to make up for bad prices. This drove the prices down further still. When the nominally dry weather of the Southern plains returned in the 1930s there was no grass to hold down the soil, no rain to raise crops, and the price of farm commodities were so inflated that farmers burned their worthless grain for warmth. This was man, not nature.
@cronaalbarn2146
@cronaalbarn2146 Год назад
Love from toledo ohio.
@ChristopherSobieniak
@ChristopherSobieniak Год назад
Ditto!
@charlesmartinez5869
@charlesmartinez5869 2 года назад
I can't tell if "Franklen Loosivelt" is intentional, an accident, or a Freudian slip.
@satoshiyoshie5376
@satoshiyoshie5376 2 года назад
Quite possibly the best history related, originally produced content I have seen in a very long time. Top 10 Forsure. 😍 (#1 Modern Marvel's and #2 The God Father💪💪) Keep up the great work brother! 👏👍💯💯
@TheColdWarTV
@TheColdWarTV 2 года назад
Thank you so much!
@runtodagobah8199
@runtodagobah8199 2 года назад
I still find myself watching old Modern Marvel's episodes to this day
@razorscythe7258
@razorscythe7258 2 года назад
excellent series. keep up the good work cold war team👍👍
@MaFo82
@MaFo82 Месяц назад
I find it puzzling that americans are so anti-socialist while at the same time wanting socialist/social democratic reforms in their country when asked about it. This to me shows how succesful the anti-socialist propaganda in that country have been, making americans believe they are conservative when in reality they're generally more progressive then most of us europeans.
@craiggleason8386
@craiggleason8386 2 месяца назад
You don't mention that under Roosevelt the depression worsened and didn't really end until ww2
@helmortkuper2626
@helmortkuper2626 2 месяца назад
He has a strong liberal/left-wing bias
@elibonsatvproduction3629
@elibonsatvproduction3629 2 года назад
Was not new deal socialist or I’m bugging ??
@riddhimaansenapati5006
@riddhimaansenapati5006 2 года назад
No it wasn't. Not even remotely.
@sstarklite2181
@sstarklite2181 2 года назад
I always think “that damn Roosevelt saved capitalism.”
@KomradZX1989
@KomradZX1989 2 года назад
I’ve been a long time subscriber since you had 25k subs. Literally EVERYTHING YOU MAKE is always top quality, interesting and extremely well made. You definitely keep me coming back for more! Cheers from St. Louis, Missouri, comrade 😂
@drakewilliams3510
@drakewilliams3510 2 года назад
It’s astounding how quasi fash the republic can be at times.
@richardcostello360
@richardcostello360 Год назад
Ahhh America has always been pretty fash buddy.......a very small group of family bloodlines dictating how the country grew
@alnotz
@alnotz Год назад
Thanks for this episode! I would like to ask, however to explain the links between the New Deal and the US foreign / trade policies with the new-born USSR, and the support given to Stalin well before WW2 . Many people here talk about the New Deal was a deal with the Devil, the recognition of the Soviet Union, opening of trades of raw materials and huge, enormous markets of a highly under developed agrarian soviet state sucking up the overproduction... How could the USSR reach from wooden ploughs and barefoot soldiers to the level of industrialization, technical level and the world's most numerous army in 1941? To be a instrument in destroying rival empires like Germany and/or Japan? Had the soviet market puller out of the US from the Depression, and had Roosevelt's manipulation and New Deal broke the german-soviet alliance and cooperation in the late 30's? This worth a new episode, for sure, even it is not really about the Cold War itself - but all these things are related... my 2 cents. Thanks again
@hendersongriffith3990
@hendersongriffith3990 Год назад
I doubt we'll ever see a more relatable political coincidence.😂✅🤝🚀
@bradhorowitz2765
@bradhorowitz2765 2 года назад
Ahh..the old "socialism" accusation as if that's a bad thing. Its frustrating to see debates centered around capitlaism vs socialism without explaining what they mean. But to be fair, Al Smith WAS a fascinating person-very admirable, and perhaps a good president if he were elected. and the New Deal DID have some alarming developments, like how the court redefined what interstate commerce was, and the problems that emerged from farm quotas set by the roosevelt administration. I hope you guys at the COld war do go into depth about the problems New Deal policies created.
@-JA-
@-JA- 2 года назад
🙂👍
@lenny9040
@lenny9040 2 года назад
I dont watch this because of the host 😁
@anegaute
@anegaute Год назад
And? What's your point?
@lenny9040
@lenny9040 Год назад
@@anegaute this is you 🤓
@mat3714
@mat3714 2 года назад
algorithm
@rhedosaurus2251
@rhedosaurus2251 2 года назад
You should do something about how Britain was a socialist state from the Clement Attle era unti Thatcher came along and how that effected Britain's stance on Soviet Russia.
@lucianmorn7273
@lucianmorn7273 2 года назад
Curious, half the UK Governments in this era were Conservative, how was the UK a Socialist State during this time?? Cheers.
@rhedosaurus2251
@rhedosaurus2251 2 года назад
@@lucianmorn7273 Because of how the goverment owned over 70% of large business before Thatcher re-privatitzed them. It started with Clement Attlee and other Labor Party PM's that followed his lead.
@lucianmorn7273
@lucianmorn7273 2 года назад
@@rhedosaurus2251 Ah got ya, see where your coming from, yep a series on this would be interesting, cheers.
@riddhimaansenapati5006
@riddhimaansenapati5006 2 года назад
Britain was always anti-communist. Attlee was one of the founders of NATO. It also wasn't 'Socialist' as Private property existed and there were privatizations by the Tories of Steel industries.
@riddhimaansenapati5006
@riddhimaansenapati5006 2 года назад
​@@rhedosaurus2251 Most of them were utility companies,coal and steel companies which had to be taken public due to World War II. Besides most countries have public ownership of utilities.
@Numba003
@Numba003 2 года назад
We have a beautiful stone amphitheater in my city park that I'm pretty sure was built in the Depression through one of the New Deal programs. Thank you for this video. Stay well out there everybody, and God bless you, friends. ✝️ :)
@justj.r.670
@justj.r.670 2 года назад
Fdr is my favorite president.
@1991jerzy
@1991jerzy 2 года назад
.
@benkamelmayssem5780
@benkamelmayssem5780 2 года назад
Other aspects of American paranoia, or establishment paranoia...
@m.a.118
@m.a.118 2 года назад
American establishment paranoia is just lazy people who don't read thinking that blindly disobeying the government is somehow better than blindly trusting the government. Both are rooted in American intellectual dysfunctional laziness- but disobedience makes you appear smarter and edgier since the opposition always has the "smarter" impression of being critical- Even if the opposition is illiterate and full of crap with internet manufactured twitter talking points and reddit philosophy. Or in the 1930's people who read a 200 word column in a newspaper or tabloid.
@darylmckay
@darylmckay 2 года назад
America never ceases to be hilarious and terrifying all at once...
@frederikvanstolk5815
@frederikvanstolk5815 2 года назад
Lots of loaded terms. Would have preferred a more neutral approach to the subject.
@andriypohors2538
@andriypohors2538 2 года назад
he and his team don't pretend to be subtle about their own opinions and political affiliation.
@Jay-ho9io
@Jay-ho9io 2 года назад
" The use of primary sources and clear talk makes my usual lies and mythologies harder to sell." Fixed that for you.
@thejustifier5566
@thejustifier5566 2 года назад
The New Deal didn’t end the Great Depression. The post World War II boom in the US was caused by the United States being the only major industrialized power left after Europe and much of Asia was in ruins. The federal reserve was also the main culprit for why the Great Depression occurred and the new deal lengthened it.
@currypablo
@currypablo 2 года назад
The Fed had very little to do with it. Government was mainly to blame for turning a recession into a depression when Congress enacted the Smoot-Hawley Act which restricted and imposed higher tariffs on imports. Trading partners in turn did the same on US exports. In the aftermath of WW2 to ensure this wouldn't happen again The General Agreement on Trade & Tariffs was enacted(pre-cursor to the World Trade Organization), to ensure nations wouldn't implement unfair barriers to trade. The flow of goods and trade between nations is the hallmark of global capitalism. Without it you have backward feudal societies.
@thejustifier5566
@thejustifier5566 2 года назад
@@currypablo you forget the post World War II heavily tariffed industries such as the automotive industry. This created higher wages for workers in the US. But when Japan and Germany began their post WWII boom this left the US at a disadvantage with larger vehicles with higher gas prices in the 1970s.
@BorninPurple
@BorninPurple Год назад
@@currypablo Oh God, this is absolutely wrong. The fed failed to produce more money at a time when it was needed the most, leading to deflation (as it was believed deflation would keep wages high, the only problem was there wasn't enough money to pay people). It's ironic that the fed, the institution created to deal with economic downturns, led to one of the worse global depressions ever.
@LeftistUprising
@LeftistUprising 2 года назад
4:00 - Only in capitalism is cheap wheat a BAD thing.
@helmortkuper2626
@helmortkuper2626 2 месяца назад
Bad for the farmers
@giffica
@giffica 2 года назад
These guys who called out the New Deal with absolute visionaries, predicted the rise of Frankfurtian marxism decades before it's rise.
@tedslaughter169
@tedslaughter169 2 года назад
Can't finish watching this . Your completely wrong on the origins of the depression.
@andriypohors2538
@andriypohors2538 2 года назад
explain.
@Sequoia204
@Sequoia204 Год назад
You're*
@anegaute
@anegaute Год назад
Please explain.
@kidkous
@kidkous 2 года назад
Some still scream Socialism/Communism regardless of how little the try to step forward, and certainly without regard for the economy it is, supports, impacts or props up.
@Paciat
@Paciat 2 года назад
People try to see USA as 100% capitalist. It wasnt and it isnt. TIK channel has a video about how the new deal prolonged the great depression. And about fiat (not the car) currencies that caused it.
@badluck5647
@badluck5647 2 года назад
Capitalism is the private individuals owning the means of production. With a few exceptions like the Post Office, the American government doesn't own many corporations.
@Paciat
@Paciat 2 года назад
@@badluck5647 Socialist state dosnt own corporations, it controls them with legislation and benefits from their income. Free market state dosnt do that. A 100% capitalist state has an income tax of 0%. As for your definition sounds like it was created by a socialist for mass propaganda. That means working at home makes you a capitalist? Or every military man is socialist cause he dosnt own anything he uses? Means of production is what socialists want to control. Dont you find it funny how my definition is 100% accurate? Capitalism is free market. State capitalism is an oxymoron. Corporation is the body (corpo in Italian) of the state. Fascists lobbied corporations and just marginalized the rest. Many socialists will tell you it was capitalist. But just cause the state wasnt interested what good citizens were doing at the moment dosnt mean those citizens couldnt loose their possessions if the state wanted it. Communism sees the people as the means of production and controls them too. With terror if necessary. 100% socialist.
@badluck5647
@badluck5647 2 года назад
@@Paciat While high regulation, high taxes, and a large safety net are associated with liberal ideology, it is isn't socialist according to the economic definition. Calling everything liberal as "socialist" is simply poltical strategy used by politicians and poltical commentators to serve their agenda.
@Paciat
@Paciat 2 года назад
@@badluck5647 Liberal Conservative and Socialist Capitalist are 2 different spectrum's. They are mixed together because of how USA parlament works. For example Hitler or Mussolini were a conservative socialists.
@badluck5647
@badluck5647 2 года назад
@@Paciat You are the one who thinks the free market and capitalism are the same thing. 🙄 Also, the US doesn't have a parliament
@CoachBarnyard
@CoachBarnyard 2 года назад
So you are arguing that Communists had nothing to do with Union Organizing after the First World War? (Len De Caux) Are you suggesting there were no Communists in the Roosevelt Administration? (Alger Hiss) There are a great many well respected economists who argue The New Deal exacerbated the Great Depression. So, perhaps the opposition to it was something other than reactionary Antisemitism.
@riddhimaansenapati5006
@riddhimaansenapati5006 2 года назад
Alger Hiss was a minor member of the administration and it's not clear if he was a communist spy. You also have to consider why unions were organizing in the first place which had nothing to do with communists and it would happen regardless of them which was stagnant wages and poor working conditions.
@kgra8346
@kgra8346 2 года назад
First
@lonelychameleon3595
@lonelychameleon3595 2 года назад
If capitalists were threatened this much by the New Deal then it must’ve been doing some good
@khairulhelmihashim2510
@khairulhelmihashim2510 2 года назад
capitalists favor the economy to take its natural course, while politicians need to show to the voters the effort by government securing access to jobs and basic needs.
@frankwren8215
@frankwren8215 2 года назад
Tldr The great depression, caused by left wing monetary policy, made USA wary of left wing monetary policy for a while. Sadly they forgot.
@dalimilmatousek4074
@dalimilmatousek4074 Год назад
With the Green Deal in Europe, we hear the same shallow rhetorics and accusations of Communism.
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