The 1929 Stock Market Crash - Black Thursday - Extra History

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📜 The 1929 Stock Market Crash: Black Thursday - With our current economic climate being... dubious, we thought that it would be a good time to look at another economic disaster in American history. Just six months before Herbert Hoover gave a speech highlighting the economic success The 1929 Stock Market Crash which is closely tied to the Great Depression and felt like it came out of nowhere. But that might be a bit of a misconception. We explore what kicked off the drop, what people did to try and stop/slow it down, and why stock markets and the Economy are NOT the same thing.
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Artist: David Hueso I Writer: Robert Rath I Showrunner & Narrator: Matthew Krol I Editor: Nick Rieth & Mac Owens I ♪ Music by Demetori: bit.ly/1EQA5N7 I ♪ "Articles of Confederation" by Sean and Dean Kiner
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Опубликовано:

25 июл 2024

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Комментарии : 2,5 тыс.

@tonysilke 20 дней назад

Biggest lesson i learnt in 2024 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

@PhilipDunk 20 дней назад

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

@PatrickLloyd- 20 дней назад

Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

@JefferyDuns 20 дней назад

Could you kindly elaborate on the advisor's background and qualifications?

@PatrickLloyd- 20 дней назад

Just research the name Amber Dawn Brummit . You’d find necessary details to work with a correspondence to set up an appointment.

@PatrickLloyd- 20 дней назад

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

@beretperson 4 года назад

Hoover: "the future of our country is bright with hope." Narrator: "it wasn't."

@walpole6322 4 года назад

It don't go down! It do go down

@pokemonpreadythepokemonmaniac 4 года назад

+Mateo Gg President Hoover has never seen such a mess

@Spinnie1 4 года назад

That was more of an ironic statement then the peace in our time speech from Neville Chamberlane.

@nerowulfee9210 4 года назад

Hoover: "the future of our country is bright with hope." Stock market: [yeets itself]

@Flowtail 4 года назад

Sometimes, foreshadowing is relatively obvious

@RichardMoore-jg5tl 3 месяца назад

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@RossiPopa 3 месяца назад

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@RusuSilva 3 месяца назад

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@FusunTumsavas-cq7tp 3 месяца назад

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@RusuSilva 3 месяца назад

Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@FusunTumsavas-cq7tp 3 месяца назад

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@theletterwynn 4 года назад

"Buy buy buy! Man, this is great! The market is going to go up forever!" "But what if it doesn't?" "Oh crap, I never thought of that! Sell sell sell!"

@Nimish204 4 года назад

Oversimplified fan. Glad I was not the only one

@elcompagenito3250 3 года назад

Oversimplified reference

@ghasthordegd1201 3 года назад

ECONOMIC DOWNTURN, LET THE EMUS RULE AUSTRALIA

@penumbra0182 3 года назад

More economic downturn

@yoyu1001 3 года назад

@@penumbra0182 and then even more economic downturn

@guruguru687 4 года назад

Buying on Margin in a nutshell: "Take all the loans, it's free money, stonks only go up!" "... But what if they go down?" And then the market imploded.

@SimplifiedFinanceSiFi 4 года назад

Not anymore since you can also margin sell

@chrisc1140 4 года назад

GUH

@emancoy 4 года назад

Sad

@nicholasobviouslyfakelastn9997 4 года назад

"It literally can't go tits up" Narrirator: "and then it went tits up"

@tompatterson1548 4 года назад

reminds me of 2008 where a stripper had 4 morgages or something.

@QuestionEverythingButWHY 4 года назад

“Older men declare war. But it is youth that must fight and die.” ― Herbert Hoover

@jamesphillips531 4 года назад

As a senior in highschool, that hits hard.

@user-wu6bi3ye4x 4 года назад

as a fetus in the womb, that hits hard

@Flowtail 4 года назад

"Don't ever let me see or talk to the poor people who I helped in that flood or I'll fire you" ---- Herbert Hoover

@krishshukla3700 4 года назад

Why hoover did said that?

@AnzeigenameHere 4 года назад

"They have always taught and trained you to believe it to be your patriotic duty to go to war and to have yourselves slaughtered at their command. But in all the history of the world you, the people, have never had a voice in declaring war, and strange as it certainly appears, no war by any nation in any age has ever been declared by the people.” - Eugene Debs

@PremSteve-yg4de 5 дней назад

I feel investors need to be focus on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

@valeriepierre9778 5 дней назад

I agree that there are strategies that can be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

@edelineguillet2121 5 дней назад

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember years ago when I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k

@fresnaygermain8180 5 дней назад

This is definitely something I will consider! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

@edelineguillet2121 5 дней назад

Her name is “Sharon Marissa Wolfe’” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@yolanderiche7476 5 дней назад

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@gagnepaingilly 2 месяца назад

What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.

@sommersalt88 2 месяца назад

Just buy Gold and protect your assets, the stock market is a rollercoaster.

@Curbalnk 2 месяца назад

The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.

@greekbarrios 2 месяца назад

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

@Curbalnk 2 месяца назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

@greekbarrios 2 месяца назад

Thank you for sharing, I must say, Jennifer appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call

@ObligedUniform 4 года назад

"Stuffed with bad loans" Well glad to see wall street never actually learns their lesson.

@jonnunn4196 4 года назад

They do learn; but they forget later, especially when the next generation takes over that never experienced the original first hand. Stocks on margin in particular: That required 10% down to the stockbrokers before the crash, but in the aftermath, they raised that to 50%. (Stocks only; as far as I can tell, for Commodities the 10% down still applies.) And in this video you see the bankers who had experienced the previous Panic, try to fight the new economic war with what had worked during the previous one.

@stevencooper4422 4 года назад

When the government ensures your bank will never fail, why not make risky loans???

@Bloodlyshiva 4 года назад

@@stevencooper4422 Government and business on that level are joined at the hip-you leave one and enter the other. And if one goes down, both suffer.

@Sniperbear13 4 года назад

@@Bloodlyshiva and everyone else is forced to pickup the bills

@Gala-yp8nx 4 года назад

It’s almost as if markets should * gasp * be tightly regulated.

@cheezemonkeyeater 4 года назад

Always remember, people, the value of stocks is imaginary and does not actually represent how well any given company is doing. It merely represents how well investors THINK it's going to do in the future based on assumptions common at the time. My favorite example was that time Pixar's stock dropped because they made Up and investors believed it was going to kill the company because nobody could imagine how they would make toys based on that kind of a movie. Stocks plummeted for a few months, until it turned out Up was the most successful film that year, and then they shot right back up. It's more emotion driven than logic-driven. Also, don't take out loans to invest in companies. Investing is risky enough on its own.

@TehSteak 4 года назад

In a similar vein, I don't think Uber has turned a profit in years but it is propped up by investors

@Carewolf 4 года назад

Well, there is a real value to stocks as well. It just isn't always reflected in the current price.

@SomeGunNerd 4 года назад

Don't take out loans in general unless you're sure you can pay them off. A lot of people have ended up in a bad situation because they took out more loans than they could afford.

@Bakanogaikokujin 4 года назад

Actually its illegal in the us to take out a loan for stock. Not yet illegal to do so to buy crypto but wait for that to bankrupt a few people and maybe a fiscally responsible administration will do something about it

@samurguy9906 4 года назад

As long as something will pay for it, it technically has economic value.

@Nakkikassi 3 года назад

“History Doesn't Repeat Itself, but It Often Rhymes” - Mark Twain.

@HughJass-jv2lt 2 года назад

I don't get it...

@edisonlima4647 2 года назад

@@HughJass-jv2lt Mark Twain, the great writer. There is a saying that "History repeats itself, but Twain argued that that was not reeeally the case. Thinking that History repeats itself takes all validity to reaction, makes it "destiny" or something, when in reality there are similarities to past events in current challenges, not an unavoidable repetition. For instance, the witch trials that plagued Europe from the Renaissance onwards and 20th Century McCarthyism were far from the same thing happening again, but they "rhymed" a lot in their paranoid, moralistic, corrupt and populist characters.

@HughJass-jv2lt 2 года назад

@@edisonlima4647 appreciated ☀️☀️

@fsdds1488 Год назад

And here we are, suffering from the almost identical problems of late 1920s as well as 1970-80s, ecological disaster, widespread diseases, energy insecurity, overpriced security market, rising interest rates, the economic powerhouses are slowly losing steam, property bubbles, except now we also have a potential demographic collapse of several major economies.

@youngjung161 Год назад

So true. Hopefully we don't lose our reserve currency status.

@frodgyofgingersnap9277 3 года назад

"why i haven't been this entertained since the stock market crash of 1929"

@vschmerz 3 года назад

“So many orphans.”

@atypicalintellectual5960 3 года назад

A man of cultures eh?

@spider8 3 года назад

Ah, right where i belong.

@frodgyofgingersnap9277 3 года назад

Oh god the drug overdosed femboy is here

@jorgecirino5396 3 года назад

Biden is taking..

@benjamingrist6539 4 года назад

My great-grandfather had just mechanized his farm when the depression hit. He had to sell all his mechanical equipment and some of his land just to stay afloat. He lost so much in the depression, that he and his family would have to use mule power to run their farm and were unable to re-mechanize until several years after World War 2. He was one of the lucky ones, and he knew it. He and his wife always made sure to give their farmhands a big lunch on top of their wages, because they knew that might be the only meal those men had that day.

@EchoLoom_ 3 года назад

Good For Him

@YourLocalMairaaboo 3 года назад

Ouch... That seems horrific.

@stephenbaker9645 2 года назад

That was nice of him.

@javiermendoza9607 2 года назад

Comrade you can make a book or a movie with the history of your great grandfather

@fullmetaltheorist 2 года назад

Love that.

@Hotrob_J 4 года назад

It's important to remember that not everyone got through those times. "We" may have survived, but many did not.

@spacekiller2487 4 года назад

Yep always the poor getting sacrificed

@armorsmith43 4 года назад

Spacekiller24 and the jews. And thousands of Polish intellectuals. And and and and. World War 2 was a horror.

@wellthatwasdaft 4 года назад

To say nothing of the political consequences. The fact that Germany was impacted so much by events beyond their borders left their people receptive to a certain charismatic nationalist.

@pedrospegiorin4026 4 года назад

As like every single day of human existence?

@AHSANALI-tb3hs 4 года назад

But elites probably made billions by almost buying the stocks free and later cashing in on them when they moved up during WW2 while small investors suffered the most.

@Matt-cz6ti 2 года назад

“Man that was crazy. Could never happen again though right?” -Bankers, 2007

@Rochelletrem 10 месяцев назад

Perhaps many people are not expecting there to be a crash because of the upcoming selection. Forgetting that market crash should be embraced, because every crash or collapse offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800,000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.

@DavidRiggs-dc7jk 10 месяцев назад

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

@jeffery_Automotive 10 месяцев назад

In my opinion, the effects of the US dollar's rise or fall on investments are complex, but it has never been easier to learn how to build your money than it is right now, when you can discover and experience a truly broad market passively by working with a successful Financial Consultant. Under her tutelage I have diversified my $400K portfolio across multiple markets and have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

@philipr1759 10 месяцев назад

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

@jeffery_Automotive 10 месяцев назад

My financial consultant is Julie Anne Hoover whom I reached out to after finding her on a CNBC interview where she was the guest speaker. She's provided entry and exit points for the stocks I primarily focus o

@philipr1759 10 месяцев назад

Thank you. I just checked her out on the web browser, She seems really proficient. I'll follow up with an email. Thanks for the lead.

@atillanandorfuri3343 4 года назад

Don’t mind me just prepping up for the next one

@hedy9243 4 года назад

Atilla Nándor Füri 😂

@abthedragon4921 4 года назад

Good idea

@aturchomicz821 4 года назад

@Canadian Province of Pacifica Ha...

@lukedetering4490 4 года назад

10 years from now: Just prepping for WW3.

@warlordofvideogameglitches 4 года назад

Ha i am rereading survival guides to refresh my knowledge.

@dionadair8195 4 года назад

Fun Fact: In the midst of the early Depression, Herbert Hoover had so mishandled the situation, that when he asked for a nickel to call a friend, he was given two nickels, and told to call all of them. Buuuurrrrn.

@Darasilverdragon 4 года назад

yikes

@dervvy 4 года назад

Sorry if i look stupid, but I don't get it.

@bigd8924 4 года назад

Damn, I FELT that burn lol

@gigacringe8119 4 года назад

Is it because he had only two friends or that the value of a nickel was so deflated he could call everyone with just two?

@professionaldisappointment1654 4 года назад

Slapped

@Raymondjohn2 Год назад

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

@bob.weaver72 Год назад

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

@martingiavarini Год назад

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

@hermanramos7092 Год назад

I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

@bob.weaver72 Год назад

@@hermanramos7092 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

@hermanramos7092 Год назад

@@bob.weaver72 Definitely! All of this happened in less than a year after Catherine Morrison Evans told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

@voldlifilm 4 года назад

I love how lots of these drawings have "financial" patterns hidden in the artwork, cracks that look like the downwards line of a failing marked, factories with roofs that look like the jagged lines of graphs and statistics. That is some solid attention to detail, and I wanted to say that I appreciate that! I recognize your dedication, and I appreciate you. Have a good one!

@swayzakjoe7347 4 года назад

"they recovered " -starts a bigger scarier world war -

@jonnunn4196 4 года назад

Actually the build up for WW2 is what did the most for the US to recover from the Great Depression.

@mikerodrigues9822 4 года назад

Not the buildup per si, but selling stuff to France and Britain again. All gold in Britain's treasure was in US by 1940.

@vietimports 4 года назад

@@jonnunn4196 so you're telling me we're going to go destroy iran to recover from this latest economy distress?

@cabellones 4 года назад

@@vietimports as a great man say.. "CHINA!"

@tylerdurden3722 4 года назад

Ironically, it was the war that recovered things.

@JasonXLV1 4 года назад

"remember, the stock market is NOT the economy." could you say that a little louder please? some people seem to forget this

@TheKalihiMan 4 года назад

Unfortunately, in the US there is very little practical difference. During boom cycles, the wealthiest upper class collect on their dividends, with almost none of it trickling down to the average employee (despite what proponents of trickle down economics would have you believe). However, when the stock market goes bust, everyone suffers as peoples’ livelihoods are sacrificed in order to protect profit margins. In other countries, protections have been implemented in order to ease the effects of mass unemployment, such as mandating furlough rather than mass layoffs. In the US, only some jobs are currently guaranteed, and only for six months. Come September, expect an even bigger mass layoff than in March.

@lostwizard 4 года назад

In particular the idiots that try to "stimulate" the economy by dumping money into the stock and bond markets instead of getting it into the *real* economy which is the small businesses and consumers that make everything work on a day by day basis.

@ecpgieicg 4 года назад

sure. The economy will tank way more than the stock market currently does.

@jondoe5937 4 года назад

why are the two synonymous?

@JosephHutzulak 4 года назад

A third of Americans have 401ks

@mathebulamkhize876 Год назад

What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?

@reddytoplay9188 Год назад

Holy hell theres bot that reply to each other

@brodynowland7762 Год назад

@@reddytoplay9188 I just seen the same convo on another vid but its pretty clever. People will wokr harder to try and scam someone that to gt an actual job

@michaelzheng5250 4 года назад

“Special thanks to Ahmed Ziad Turk...” Man this is basically their outro.

@SharjeelZahid1 4 года назад

I guess he's a big patreon supporter?

@jemmaisweird 4 года назад

he’s a legend at this point

@bthsr7113 4 года назад

This Turk has funded a lot of education for us, I for one am grateful.

@hiimjustin8826 4 года назад

I'm glad to know I'm not the only one who's noticed that. Ahmed, props from the homies

@diegoontour 4 года назад

If someday they do a video about the Ottoman Empire or Gallipolli, he is going to be very generous in his next donation.

@cormarine9812 4 года назад

I feel as if Extra History is trying to tell us something...

@gcn7491 4 года назад

Coronavirus crisis ?

@christopherg2347 4 года назад

You mean the thing they say at 8:28?

@kreon7472 4 года назад

*chu-coughs-ckles* I'm in danger.

@bellaj8588 4 года назад

Covid-19??

@orderofazarath7609 4 года назад

But 'we came back' sounds a bit america centered...

@Garvm 4 года назад

The money bags, the trees, collecting oranges by shaking the tree...I think I can say what game has the illustrator playing during last weeks

@radiance5911 4 года назад

Yeah. I wondered why they used bell bags instead of the traditional $ bags for the illustrations. hMMMMMM

@Garvm 4 года назад

Ben Godbout and I wrote the comment before I saw the turnips at the end.

@dameonpounders7211 4 года назад

Doom eternal obviously lol. Who could forget shaking fruit trees to get more ammo and collecting money bags for more armor and health. Simply iconic.

@juliaguevara4512 4 года назад

So you’re telling me this is the Stalk Market crash?

@prestonjones1653 4 года назад

Harvest Moon?

@leondonald 4 месяца назад

With Market tumbling, Inflation Soaring, Is the stock market actually getting better or could this be the regular new year market manipulation to entice new investors? I'm currently sitting on $500k inheritance and just wondering what better assets than stocks to invest in right now

@robert-1miller 4 месяца назад

You need a certified financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment

@donna_martins 4 месяца назад

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

@ilyaveysman. 4 месяца назад

I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

@donna_martins 4 месяца назад

'NATALIE NOEL BURNS' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@ilyaveysman. 4 месяца назад

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

@EMBer3000 4 года назад

"We came back." But nobody had learned anything, or at least, nobody remember what had been learned until 80 years later when banks issued bad loans to anybody that could sign their names again. A decade later people and companies are so in debt that they can't even live through a few months of economic slowdown which might trigger another great depression.

@scottydu81 3 года назад

Remember, the banks were forced to give those loans.

@jamier65551 3 года назад

@@scottydu81 no, they were not. The recession was caused by deregulation.

@user-qj1bt1uv2n 3 года назад

@@jamier65551 which recession are you referring to?

@jamier65551 3 года назад

@@user-qj1bt1uv2n 2008

@user-qj1bt1uv2n 3 года назад

@@jamier65551 forced is probably too strong a word on scottydu81's part encouraged is probably better. Homeownership was seen as a way of fostering prosperity so the government encouraged the banks to lend money to people banks wouldn't have loaned money to under normal circumstances. Deregulation may have been part of the cause, but the government did have a hand in causing the 2008 recession.

@Bigfoot_With_Internet_Access 4 года назад

May: Write that down, write that down

@noahchmielewski1347 4 года назад

There is still a week left in April we might still get it

@sovietmarshmallow1283 4 года назад

Oh no

@carolinemcgovern4488 4 года назад

Thankfully, the economy will fix itself much more easily and it would be easier to get countries back on their feet quickly than in the 1930s

@dontlookatmyvideoREE 4 года назад

I see you're a man of culture as well

@KingofAwesomness14 4 года назад

oh god, we are a few moments away from that aren't we?

@TheGermanKnowsBest 4 года назад

"The stock market isn't the same thing as the economy." Could you repeat that for the millions of Americans in the back who don't know anything about economics 101.

@Kyle_Schaff 4 года назад

*A Barn* It’s frustrating trying to have that conversation, though, because people will still go full-stupid but just in the other direction. The fact of the matter is that Main Street cannot function without Wall Street and _vice versa,_ and it’s easier for the government to enact fiscal and monetary policy that affects investment and loans rather than unemployment or wages.

@LIETUVIS10STUDIO1 4 года назад

@@Kyle_Schaff This so much this

@dalek--ck9oy 4 года назад

@Lockjaw please explain

@Noidonteatbabiesstopasking 4 года назад

You'll be relieved to know I'm not American and still don't know anything about economics 101.

@captain_ravioli1514 4 года назад

@Lockjaw that's harsh. Calm down.

@edward.abraham 10 месяцев назад

Bad way to resume from a vacation, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.

@james.atkins88 10 месяцев назад

Same boat man, lost $230k in trading this pass year, regret a lot and have not told my wife.

@Believer292 10 месяцев назад

There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach.

@hunter-bourke21 10 месяцев назад

I agree with you on having a portfolio coach, also patience is your best friend here. I'm a huge investor and cant afford to take the risk of investing by my knowledge, rather my portfolio is overseen by a license advisor, since late 2021 amidst corona-outbreak till date.I have made over $595k since then.

@rebecca_burns14 10 месяцев назад

@@hunter-bourke21 My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

@hunter-bourke21 10 месяцев назад

My advisor is "Mary Onita Wier, A renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@ohfloop1555 4 года назад

Alastor: Why I haven't been that entertained since the stock market crash of 1929 ah ha ha ha

@sweetrandomcookie3624 3 года назад

So many orphans...

@AlechiaTheWitch 3 года назад

Lyle lipton is not happy

@jathew1 4 года назад

1:47 South Seas: Hey, I've seen that before America : What do you mean, it's brand new!

@essaboselin5252 4 года назад

Reminds me of the soybean fiasco of the 70s that led to so many farmers losing their farms in the 80s. The price of soybeans began soaring in the early 70s to the point it was the most profitable (legal) crop to grow. The farmers who had fields of soybeans were raking in dough. The next year, more farmers started to grow soybeans, and they made a fortune. Farmers then started going into debt to buy more land and new equipment so they could grow more soybeans. Then the market was flooded with soybeans, the price crashed and the farmers were saddled with debt they couldn't pay.

@sadnessofwildgoats 4 года назад

thanks for reminding me of this, i think i remember being told this years ago but i geuss it got buried in my head.

@nnovatakaren5515 4 года назад

Are they idiots? Not everyone wants soybeans every hour of every day. Too much of anything not essential to life is bound to be worthless.

@essaboselin5252 4 года назад

@@nnovatakaren5515 Do you have any idea all the things soybeans are used for? Human consumption isn't the main use.

@KasumiRINA 4 года назад

It's called the Dutch disease; named after Netherlands discovering a huge gas field and focusing its exports on fossil fuel, to detriment of other sectors - which backfired when fossil fuel prices collapsed, but as you know, oil & gas consumption now is so high it totally won't crash 300 percent in one day and go into negative price... >_> YEAH... now russia, which has somewhere around 80% of their exports in oil and gas, has to literally burn fuel for nothing with giant torches as they're too poor to pay other countries to keep their low quality mix - and since they literally lived off fuel exports alone, they don't even have enough tech to develop equipment that temporarily stop the production to resume it later. Imagine having your economy completely dependent on two resources and take faith in their prices staying high so much, you don't even invest in equipment to develop them, things like tankers to hold extraneous oil, or ships that can build pipelines - russians don't have those. They literally just dug a hole in the ground in Cold War era and lived off that.

@dixieslav1274 4 года назад

@@nnovatakaren5515 The market demanded more soybeans, so farmers grew more soybeans. Those soybeans weren't enough, so they kept growing soybeans until supply exceeded demand, so prices dropped below their estimates and soybean farmers were unable to repay their loans. They weren't idiots, they just overestimated soybean demand and underestimated soybean supply, as most people would when prices don't come back down swiftly.

@williamsdavis. 11 месяцев назад

My opinion is when the market goes down then it's buying opportunity, If the market goes up then you are making money. If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. Currently, I'm up 30% in my diversified portfolio. As crazy as it sounds some still make enormous returns from this seemingly unknown market, you have to be fearless when others are fearful.

@Barbara0015 11 месяцев назад

Exactly what I'm personally planning on doing now the market has gone berserk, but I have no idea about stocks to buy or what assets that would yield great profits and so on. Your portfolio is freaking awesome, You seem to be doing excellent for yourself I would need your help.

@williamsdavis. 11 месяцев назад

My funds are well-diversified, with the aid and guidance of a financial advisor known as John Desmond Heppolette. it's been a huge relief, good earnings and little to no engagement at all on my part. He's stock picks are top-notch, I don't worry about market trends anymore because he's a genius in portfolio diversification..

@Barbara0015 11 месяцев назад

Thank you for this tip, it was easy to find your advisor. I conducted a google research of his full names on-line before messaging him. Base on his on-line resume, he appears to possess a high level of proficiency. I’m so grateful for this opportunity!

@Agatha207 11 месяцев назад

I'm MUCH more interested in buying stocks now that they are cheap. You can't just sit on cash waiting for the market to drop 10% before you start buying. The best strategy is to start buying slowly and then gradually increase the pace of buying as the prices continue to drop. Cash isn't king at all in this Era!!

@Hoffmanluiz. 11 месяцев назад

It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $225k passively investing with John Desmond Heppolette, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.

@fantasy873 3 года назад

I had flashbacks to my high school economics class. A class I barely passed.

@AlteryxGaming 3 года назад

I’m sure you did a better job than Hoover would have considering the great depression

@BlueflameKing1 4 года назад

Ever since the South Sea Bubble, and some classes I have learned about the Japanese markets before the 1990s, showed from what I can see as a sort of cycle of economic highs and lows that occur, everytime we hit a peak, eventually we crash, and crash hard. Great video, but it does show like a cycle of booms and crashes, whether from artificial inflation (John Blunt) or simply hitting the zenith of progress.

@onasknox9284 4 года назад

That's what I think too

@vyrva5690 4 года назад

BlueflameKing1 you are the first take this icecream 🍦

@Emmet-sd8og 4 года назад

This is called a boom-bust cycle. We currently have a system of Boom-Bust economics pivotal to capitalism. It's sad really.

@kaeleklund6728 4 года назад

It's almost like capitalism creates the conditions for its own collapse.

@justinokraski3796 4 года назад

a lot of it is because businesses acquire debt to expand business operations and fail to reduce that debt load in lieu of expansion. Companies aren't incentivized to keep large reserves of cash to prepare for uncertainty

@millardfillmore2869 4 года назад

1:26 I see this man has many *stonks*

@ClassyMonkey1212 4 года назад

"We came back" only after the bloodiest war in human history...

@bthsr7113 4 года назад

Not the dumbest though. Those would come after, and with a far less helpful military industrial complex.

@AlteryxGaming 3 года назад

@@bthsr7113 “The dumbest wars came after WW2”. *World War 1 has entered the chat*

@willnash7907 3 года назад

@@AlteryxGaming Taiping rebellion in the corer of the tavern: "I said *a m a t e u r s*"

@AYVYN 5 месяцев назад

Not entirely true, there was a small recovery in the late 1930s but it crashed again

@peachykeen3194 4 года назад

"The stock market isn't the same thing as the economy." Simple words, too often forgotten.

@LordBloodySoul 4 года назад

I remember the crash of WW2's after effect economy from stories my grandparents told me. Apparently just one egg was worth 1.000.000 DM at one point and they had paper money in the streets, which were so worthless, they literally dumped them in barrels and burned them as cheap fuels. That was a scary time to grow up in...

@jonnunn4196 4 года назад

Particularly since for many of them; it was 1921 to 1923 all over again.

@mjbull5156 4 года назад

Wht happened in Germany was hyperinflation. The stock market crash was a trigger for a round of excessive deflation.

@CloroxBleach-cq7tj 4 года назад

@@mjbull5156 yep - money printing machine went burrrrrrrrrrrrrrr

@cgaccount3669 4 года назад

Like the trillion dollar paper bills in Zimbabwe

@TailcoatGames 4 года назад

“Oh so manny orphans” -Alastor

@burnerheinz 4 года назад

There is the comment I was looking for

@jonalynmisalang9447 4 года назад

There it is, I've been trying to find a hazbin hotel alastor reference. Thank you good sir or madam or they

@TheKawaiifan 4 года назад

it should not have taken me this much scrolling to find a hazbin joke. what is wrong with this comment section!?

@Cosm0ss 4 года назад

I was looking for this

@user-ft3jq5vi2l 3 года назад

Who?

@RobbStonee 19 дней назад

The recent crash market fatigue is showing with most people. Most are so tired of hearing about the worse even though its true. We are being boiled slowly in the pot! I want to diversify my $250k portfolio.

@RickWatson-xu6gw 19 дней назад

I completely agree. It's not just about the dividends, Diversifying a portfolio can be a smart move, i always advise one gets a professional to help you out.

@A_francis 19 дней назад

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@benitabussell5053 19 дней назад

in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.

@A_francis 19 дней назад

*Sharon Lynne Hart* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@ScottStraw 19 дней назад

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@chris-pj7rk 2 года назад

Just because a stock is going up doesn’t mean it’s a good investment. just because a stock is going down doesn’t mean it’s a bad investment. there's more to a stock than just its stock price.

@Mcdd7-_- 2 года назад

These days the best way to come into the market space is reading, studying, patience and seeking guidance when necessary.

@Jme--- 2 года назад

bag management is key. most traders fail because they don’t know when to book profit and when to stop their loss.

@1brianm7 4 года назад

Still not as bad as the Black Monday event in February 36’.

@AlanoxDrekan 4 года назад

Mein gott!

@nicholas209 4 года назад

Syndicalism hoooooo!

@luigiff3431 4 года назад

It happens so close to Alexander Kerensky dying, such unfortunate timing

@haikalmiftah2529 4 года назад

"Well, I don't feeling so good" - League of Eight Provinces -

@testive 4 года назад

JINGWEI'S KUOMINTANG IS THE ONLY LEGITIMATE GOVERNMENT OF CHINA! FIGHT FOR THE LEGACY OF DR. SUN!

@QuestionEverythingButWHY 4 года назад

"Those who do not remember the past are condemned to repeat it." --George Santayana

@IRBitterSoB 4 года назад

I can't remember who it was, but I think some guy once said: "Those who do not remember the past are condemned to repeat it."

@doesitmakesense5696 4 года назад

that's an ignorant statement. everyone remembers. its just everyone remembers it differently. example when obama does stimulus, it's socialism. trump does same thing, it not socialism

@eavyeavy2864 4 года назад

Flu only kill people with compromised immune system. Covid can kill healthy people.

@notsm 4 года назад

The problem isn't "remembering the past", with the internet that is a trivial thing. The real issue is actually *learning* from it and *applying the lessons*. Sadly that is not being done. At all...

@kayleighmel4554 4 года назад

I am so glad you guys are doing some episodes on this, I've never understood this well and when I try to get information about it is so boring and I never really fully get it so thank you! These videos always entertaining and you guys break stuff down in a way that I can actually understand it.

@randomlyamazing58 3 года назад

I know these were hard times but Wow your illustration of this event was suspense filled, funny and thrilling. The pictures also made it more exciting.

@nathanr.9507 4 года назад

"Why I havn't been that entertained since the Stock Market Crash of 1929! Hahahahahaha! Soooo maany orphans..."

@Thollis1987 3 года назад

Referencing Hazbin Hotel, huh?😏

@x2_uraimtrash367 3 года назад

This is gold... I love Hazbin Hotel

@yorsydigital1332 3 года назад

Hahaha that only reason I'm here _

@LarrStivks 3 года назад

Lmao

@jellythejellyfish7035 3 года назад

I see you man of culture as well

@midimusicforever 4 года назад

History repeating itself in 3, 2, 1...

@weldonwin 4 года назад

*(Cough Cough SOUTHSEABUBBLE)*

@jedimasterpickle3 4 года назад

Is it, though? Present day troubles are caused by businesses being ordered to shut down to avoid spreading the coronavirus. Similar outcome, yeah, but isn't the cause different?

@Hollows1997 4 года назад

An economic crash with nationalism on the rise as well as an emerging world power acting aggressively in its sphere of influence. To quote Marty McFly in Back To The Future “Hey, I’ve seen this one before... it’s a classic”

@High5748 4 года назад

Not really, the value of a dollar was backed by gold then now it's backed by debt. However we can just print money which equals higher taxes and inflation.

@HogBurger 4 года назад

Midi Music Forever the **rona virus

@quinton1630 3 года назад

The art in this episode is absolutely incredible.

@robins5828 4 года назад

What I'm learning from a lot of these videos is that all of these complex systems work really, really well. Until one day...they don't. Unfortunately, the imminent collapse is often only obvious in hindsight. Otherwise, we would all be timing the market and sell at the peak.

@jg2323 Год назад

A lot of the time it is pretty clear even at the time, it's just stupid greed. Look at Crypto. Bitcoin shot through the roof for a while. Now, most people should be smart enough to go "Okay, I have doubled what I paid in. Now is the time to sell." Instead they say "But...if I stay in a few more months I may triple it. I'll just wait a little longer." Time passes and "Now it's Triple! But...a little more and I can quadruple it..." And they hold and hold and hold long past the point it is sensible because they have an intangable dollar value that NOW is the time to sell it, when the sensible time to sell for a reasonable profit was well before.

@jlowe8059 Год назад

Everyone can't sell at peak, that's the whole point of the market.

@shudheshvelusamy7644 4 года назад

Man, Herbert Hoover was doing the whole "America is God's Greatest country" shtick before it was cool.

@89Crono 4 года назад

Nope. You're thinking about Woodrow Wilson. That trope wouldn't even exist if it wasn't for him

@CoverofWinter 4 года назад

But that has always been a thing since the Puritans you know?

@thompkins6796 4 года назад

That shtick is as old as the country, with Winthrop's "city on a hill", manifest destiny, the anti-masonic party, etc.

@abloogywoogywoo 4 года назад

Didn't the Great Western Railway also flout that too? God's Wonderful Railway? Its a bad omen I tell ya.

@carnifex2005 4 года назад

And why wouldn't he. By teh 1910's the US was by far the biggest economy in the world and because of WW1, the US was so far and away from every other country economically, it was an easy boast to make. WW2 made that boast even easier to make.

@ShashiBala-wz4uk 4 года назад

Last time I was this early the stock market was still alive...

@kurtcaco7151 3 года назад

Weird, this video pop up my feed while the entire internet crashing the market

@mictoonanimation8852 2 года назад

I haven't been entertained since the stock market crash of 1929

@AlechiaTheWitch 2 года назад

Mmmmm.

@TeenGohan. 3 месяца назад

So many orphans...

@matthewpuzzo8997 4 года назад

5:56 - 5:58 For reference, those amounts would be almost $7,500 and $15,000 today. I used the Bureau of Labor Statistics' inflation calculator for them.

@krankarvolund7771 4 года назад

Which does not totally represent the sum at the time, I mean 15 000 $ is not a price where to sell a house.... because no house is worth that few money XD

@nyon7209 4 года назад

Yeah, that's the equivalent value, but a dollar's a dollar in LA, and in Opossum Trot. The same house isn't going to cost the same price. Gas prices outside North America converted to upwards of 4 dollars a gallon, while in Kentucky 2.50 would have been an awful price in January, and oh boy have they dropped since then. Basically, those amounts may be equal, but they aren't representative of what you can do with them.

@Lord_Of_Beans 4 года назад

Such a fitting subject in these times, maybe even *Too* fitting...

@SanDiego_Railfan 4 года назад

Lol

@storm479 4 года назад

Well lad lets hope that never happen again

@khalidgagnon8753 4 года назад

I'm a finance major. I had cash put aside for a reason

@juanmam.2113 4 года назад

Studing history made me realize how weak our civilizations really are. Now that coronavirus has arrived my buddies understand what I mean

@patriciacastaneda6940 4 года назад

"I haven't been that entertained since the stock market crash of 1929 hahaha!" - Alastor

@eyeofthewickedlord6631 4 года назад

I came here just to see this

@dizzyclowd670 4 года назад

liza tajuddin same

@user-ft3jq5vi2l 3 года назад

Who?

@eyeofthewickedlord6631 3 года назад

@@user-ft3jq5vi2l go watch hazbin hotel and you will understand, it's on youtube

@hannajung7450 3 года назад

now i know why he's so amused. there was literal chaos everywhere lol

@iplayzfordayzdx7589 9 месяцев назад

Yeah Uhh…Alastor brought me here lol

@kaceywooster3866 4 года назад

My Grandpa was born in early 1929 and a lot of what he had to do at his home during the Great Depression still affect him today.

@Canhistoryismylife 4 года назад

it is we who plowed the prairies, built the cities where they trade, dug the mines and built the workshops, endless miles of railroad laid, yet we stand outcast and starving mid the wonders we have made.

@dmechanicodude3960 4 года назад

What was that from?

@williamtang899 4 года назад

Dmechanico Dude Solidarity Forever, an old Union hymn from the IWW, I believe.

@alexr6705 4 года назад

Break the chains!

@FlyingFox1994 4 года назад

@@dmechanicodude3960 Solidarity Forever, a Depression era strikers anthem. Now largely synonymous with American socialist movements.

@Mercure250 4 года назад

This is giving me vibes of : "And on the pedestal these words appear : *My name is Ozymandias, king of kings: Look on my works, ye Mighty, and despair!* "

@otakurt1149 4 года назад

Ah ye 1920's A pandemic An economic crash 2020's Wanna see me do it again?

@dogguy8603 3 года назад

Our economic crash is due to forced lockdowns when we really didn't need them

@alankoh807 3 года назад

You forgot about 2008 USA housing mortgage crisis

@eagleeye5189 Год назад

It is so utterly frustrating to think about how economics is portrayed as this all-powerful, self-directing force of nature like the weather or something, as if it wasn't created by humans and is being run by humans. The fact that the actions of a handful of people can cause disastrous and life-ruining circumstances for millions, even billions of people should be something that has everyone up in arms, yet we've just been taught that it's how things work.

@skar9556 4 года назад

*Financial crisis of 1929* Or as historians in the future will call it, "2020, the prequel"

@sadnessofwildgoats 4 года назад

The great deppression 2: electric boogaloo

@Mitaka.Kotsuka 4 года назад

that way of thinking is what guide investors directly into the crash

@archiebellega956 4 года назад

More like 2008, the prequel. Giving bad loan for: '20s-stock, '08-housing, and then collapsed. 2020 is the most likely sequel, but I still don't know what bad loan out there that has been exposed by the pandemic.

@bozozium 4 года назад

I have a feeling this will become his most popular video or up there

@patrickpichardo9047 2 года назад

Checking this out since we’re about to face this pretty soon

@Xainlrd 2 года назад

Who here is from 2022 watching this as we are about to get some interest rate increases to hopefully pop this bubble we're in?

@HughJass-jv2lt 2 года назад

*FAKE NEWS!* ❤😁❤

@pikarat_nova 4 года назад

As much as I love this Extra History episode, it was the old art style that captured my heart and soul for this one! Thanks again EH

@troll-td8nh 4 года назад

damn, was watching the south sea bubble then this showed up in my recommended "10 minutes ago"

@sztypettto 4 года назад

It's all connected. You may want to trace back to the age of antiquity. Extra History covered the subject pretty well. You'll scratch your head and conclude that people (or merchants/traders) never learn.

@sebastian20600 2 года назад

This is the best illustration of the '29 crash that I have seen. Thank you, Extra History!

@CStone-xn4oy 4 года назад

A good message at the end there. We have gotten through worse crises than this one and we will get through this crisis too.

@sonfox 4 года назад

"I haven't been that entertained since the stock market crash of 1929. So many orphans." -- Alistor

@rommelcandiani6358 4 года назад

Alastor

@andrewvarney5687 4 года назад

Hazbin Hotel reference.................nice!

@AlechiaTheWitch 3 года назад

Lyle lipton disapproves

@davea.9927 4 года назад

There was a great quote from a Great Courses Plus video on Rome. Unfortunately I don't recall who said it, went along the lines of; "on a mattress of luxury do such kingdoms fall." The intro made me think of it.

@flameBMW245 4 года назад

The art has gone back to the classic ages of extra history. It gives me nostalgia to an older time

@user-zx2wk7yd9i 2 года назад

3:58 Me and the boys selling stock

@miguelmontenegro3520 4 года назад

South sea bubble: *Explodes* Everyone: *Forgets how blind investment is dangerous* Also everyone: *Histeric Screaming*

@GiordanDiodato 3 года назад

"What we learn about history is that no one learns from history" -Otto von Bismarck

@AlechiaTheWitch 3 года назад

@@GiordanDiodato that yeah. Yeha

@ebinshumate3132 4 года назад

Matthew: “it keeps going down, down, down” Me: 🎶 to the bottom of the sea! 🎶

@JasonXLV1 4 года назад

voltaire?

@sabotabby3372 4 года назад

*laughs in rising sea levels*

@RoyalFusilier 4 года назад

Where's my Line Goes Down Gang

@MrAshCarr 4 года назад

Down, down to Goblin Town

@andyjay729 4 года назад

"It all returns to nothing It all comes tumbling down, tumbling down, tumbling dowwwwn..."

@pickled_bacon 3 года назад

Huh, Interesting. Not like this could happen today with redditors

@bringsik100 3 года назад

oh $hit!

@KDH-br6hy 3 года назад

@@bringsik100 it's not the same

@apeacep5326 4 года назад

I'm so happy I fell into this Site, I love all the INFO and how they do the animation 🙏🙏🙏🙏😷😷😷😷😷

@MLGCaptainVirgil 4 года назад

Thank you for being objective about the history of stock market crash, we need more level-headed commentary now more than ever.

@gussyd1000 4 года назад

1929: stuffed with bad loans 2008: stuffed with bad loans 2020:...

@andyjay729 4 года назад

And stock buybacks for 2020! Don't forget the stock buybacks!

@Roxor128 4 года назад

Probably also stuffed with bad loans, just of a different type. Do you really think the banks weren't making loans like crazy once there started being some recovery from the last crash? After all, loans are where they make their money (and where the interest in your savings account or term deposit comes from).

@krh6239 4 года назад

It's like no one ever learns.

@cageybee7221 4 года назад

@@andyjay729 stock buybacks paid for with loans no less

@igorvski 4 года назад

It's just regular financial market life (and death)

@nostalgiakarlk.f.7386 4 года назад

Is no one else going to talk about how they used Animal Crossing Bells in this video?

@jinxy7869 3 года назад

@always-alicia Год назад

And Turnips!!! I was waiting for Tom Nook to show up for the margin call!

@markvincentbonachita8950 4 года назад

Good to know this kind of video is being produced by you. Love it.

@MegaBradster1 4 года назад

Meanwhile in New York Guy 1: Buy! Buy! Man this is the great! The market will continue to grow forever! Guy 2: But what if it doesn’t? Guy 1: Oh CRAP! I hadn’t thought of that! Sell! Sell!

@blobydude420productions4 3 года назад

And the Stock Market Crashed which led to economic downturn, which meant banks stopped loaning everyone money, which led to more economic downturn, which meant people stopped buying things, which led to more economic downturn

@LuinTathren 4 года назад

Thank you so much for making this video. For stressing that our country has survived so many things. And, if we work together, we will definitely get through this.

@switchplayer1016 4 года назад

Markets rise and markets fall. It's the natural cycle of an economy that relies on markets. The only economy exempt from that is a command economy. And in that there is no market. And in that system economic freedom is greatly reduced.

@canyonntt6969 3 года назад

Stocks are just gambling with less bright lights and less free drinks. Dont take out a loan to gamble in Vegas and don't take out a loan to gamble on Wall Street.

@andrewgrasham4604 4 года назад

Thank you for this video. I needed to hear the end.

@theanii_waffles3343 4 года назад

Hoover: "The future of our country is bright with hope." Narrator: Usodearu

@sztypettto 4 года назад

I had to look that one up.

@craigkdillon 4 года назад

Until the Great Depression, Herbert Hoover was considered a great man - a great humanitarian. He had organized the feeding of Europe after WW1. His failure to effectively respond to the Great Depression destroyed his reputation for all time.

@joshuahunter4353 3 года назад

This is insane! I wonder what the recent history right now will be told as? (The “meme” stock war)

@teddybar66 2 года назад

This decade will be remembered as the crypto age. Same as the beanie baby craze.

@letthou5540 4 года назад

I really love the art in this episode! so cartoonish and colorful. Kudos to the artist

@jmlkinc 4 года назад

Anyone else also having their youtube algorithm just keep recommending plague videos and stock market crash videos? Stay safe out there.

@bellaj8588 4 года назад

I love your videos so much... you guys being joy to my day keep doing what you are doing!❤😊

@Everythingz127 9 месяцев назад

Im here just because of Alastor 😭😭

@Midnight_Star1021 4 месяца назад

@SetOfAllSets 3 месяца назад

@Midnight_Star1021 3 месяца назад

"I haven't been this entertained since the stock Marley crash of 1929! So many orphans"

@christopherlmoo 8 месяцев назад

I came here from Alastor from Hazbin hotel.

@DaveGIS123 4 года назад

@7:35 "Then, as today, its important to remember that the stock market isn't the same as the economy". So true.

@mrhalfwit972 4 года назад

"America is stuffed with bad loans" Hmm something seems familiar...

@lu881 4 года назад

I swear this channel illustrates global crises in a light that heavily relates to current affairs. It's crazy seeing the exact same strategies implemented then being implemented now.

@elanortriestoart6447 4 года назад

Yes, please! Please do an episode on the Great Depression! None of my history books ever covered it in depth, and if I recall correctly, it was a very interesting time. Thank you!