The Great Depression Explained 

at Judit Kovacs - hopefully the next great economic crisis - recession /depression does not get me

@@TheNecropolis20 i

@@TheNecropolis20 are you still hodling?

You have the best understanding accent... ever

Switzerland had free trade?

Avatar🤣🤣🤣🤣🤣

Don’t worry, mows the time to buy just what you need and save the rest, we will see this again, and that will be the end of this country as we know it.

For better or for worse

@@alanmeyers3957 ⁰⁰0ĺĺ Ll

In Recovery we call it our “rock bottom moment “

Omfg bruuuh

The Colossal Blues

The Tremendous Despair

@@Jay-qb9gi The Overwhelming Malaise

The huge boo-hoo

I’m watching this during history about The Great Depression

Kevinglas, the Earth King has invited you to Lake Laogai

You know, you killed it bro, because it applies for all the Hispanic America 🤣🤣🤣

@@AndresGomez-ws3fx exactly. Glad you left Brazil out of the comment 🤣

@@cesarrsouza yes, we all know corruption and crisis are two words unsuited for Brazil

Lolll

Woops the economy crashed (again)

BofA launders most of the cartel money

Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.

I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.

That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're using?

I thoroughly recommend Julie Anne Hoover, an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.

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.

U and everyone else should all pull ur money out of the banks at the same time to avoid the consequences.

Finding data on the rest of the world was actually quite hard in the beginning. The Euro-centric and America-centric sources were plentifull and well-analysed while the rest of the world was just kinda forgotten... In fact, for many years people assumed that Asia and Africa were fine because the governments still had enough money (which was used as an indicator of the economy at the time)... while completely ignoring the average people. This was really sad so I wanted to do better than that. Hope you enjoyed listening to the issues of Asia/Africa/Latin America

Right, I am trying to learn more and I am like "was it just America or what?"

@Exocentric No, it just that most source are from their perspective.

Foreal doe

Exocentric ironic you don’t understand how you’re perpetuating that stereotype

Animal Farm.

Keep in mind Europeans didnt invent the african slave trade, they just subverted it. Slavery was super prevelant there before Europeans got involved and the last countries to ban it were mostly african ones.

@@arthas640 Slavery was a moral necessity since ancient times But Trans atlantic slavery specifically in recent centuries was quite unusual even for slavery standards. The reason why historians tend to focus on that even when Africans, Arabs, or Berbers enslaved people from Africa for like 1000+ years is because the economic effects were a whole different league.

200

@@themercifulguard3971 No, it's just a western focus. The impact in other areas is not discussed as it is not of importance to the west especially the US who believe their history and culture reflects the entire globe which is totally absurd.

We are the same age

As you plan your retirement, be sure to talk with a financial advisor who can help you make the most of your retirement investing scheme.

@@BrunoLuke Very true, If you're looking for help building a retirement nest egg, you most likely want a certified financial planner with expertise in retirement planning. With the aid of a coach, I grew my reserve from $160k to almost $600k during this Red season.

@@harrisonjamie794 How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.

@@harrisonjamie794 Thank you so much! Found her webpage and left a message. Hopefully, she responds.

@Ronald6Wilson6Reagan6 Lol, because Socialists always make their nations better. Like Venezuela, or the USSR, Cuba, PRC and so forth.

@EmperorJuliusCaesar Are you also ticking all the bad decisions being listed in the video because they are being made all over again (not only in the USA)?

@@gruntdetonators The unprecedented rate of growth the USSR experienced under socialism was faster than any society had seen up until then, and was only matched by the even faster expansion of China... Venezuela ranks higher than the USA currently, and Cuba was a plantation, so yeah, they've improved.

@@gruntdetonators an insolent! China will always thrive!

Not a good felling knowing your the new "lost generation"

Finding a job wasn't easy for me. RU-vid was my plan C

@@HistoryScope Hey HC do you plan on ever making a video on USSR economics and the growth from 1917 to 1991 ?

@@flavioardizio7242 Nope. I cover topics which everybody knows happened but most people don't know a lot of details. So I won't go indepth on such specific parts of history. If you want a good video on the USSR's economy I suggest watching Economics Explained. His videos are amazing! Especially the one on the USSR!!

@@HistoryScope ok thank you still very much :)

The USA git off the gold standard several times and then went back on it again. This isn't "changing dates". This is "doing the same policy multiple times".

Bad treasury for 2023

Lies again? Grab Drinks Google Drive

I actually did do extra research into Antarctica. When I said Antarctica was "totally fine" I actually meant it. There wasn't a decrease in expeditions or fewer research stations being set up. I thought it would be cool to talk about how a recession reduces spending on research by using Antarctica as an example... but I couldn't find any evidence that Antarctica 'economy' (if you can call it that) suffered because of the Great Depression. It would have been fun to talk more about it, but alas, there was nothing of note happening in terms of the Great Depression in Antarctica at the time.

Wasn’t a whaling station in Antarctica abandoned due to the Great Depression?

@@marianparker7502 I agree with you. I ventured into stock with less than $100,000, and now I'm about 17,000 short of half a million dollars. Credits to Nicole Ann Sabin . She's verifiable.

@@Robertgriffinne Thank you! i just looked her up and sent a message hoping she gets back to me.

@@Robertgriffinne I just looked up this person out of curiosity, and surprisingly she seems really proficient. I thought this was just some overrated BS

This is a scam

​@@spongeboimebobbb it sure is. Nicole Ann Sabin cannot be trusted. She threw my dog into a woodchipper.

I feel that is the reverse right now

@@eldermoose7938 It seems that whatever country has the money tends to like to use it to build empires. Japan tried and ultimately failed in the 1940s. The American neo-feudal global corporate capitalist empire will fail at some point too.

@@BTsMusicChannel naw that was a different time

$TRAIGHT UP

not true in the second world war two though

Likely a natural slowdown in the business cycle. For example, if almost every family in the US owned a home in the late 1920s, then companies involved in building a house (construction companies, household appliance manufacturers, interior designers, cement/lumber suppliers, etc) would experience a slowdown in sales, which results in lower profits. They're still making money, just not as rapidly as before. Suddenly investors aren't as attracted to the shares of these companies and now everyone's thinking, "if profits decline then the share price will decline too, I better sell these shares while they're still high" and true enough the share price tanks as every investor heads for the exit. Now imagine this happening to several different companies in multiple industries.

Plus, same as today the bigs will sell at the same time. Once, twice, three times. Insider trading.

more sellers than buyers

Endemic corruption was rife. The Hoover government sat on its hands and did nothing about corruption, which finally caused a massive collapse. Laws and safeguards were put in place to prevent many suspect practices. Reagan in his wisdom, followed by the Bushs, undid many of these safeguards. "Too much red tape," the fools waffled. Unscupulous people seized on this, and we had the World Financial Crisis. History repeats, as the rise of ultra right wing lunacy shows us. Another war?

Margin calls forced the selling of stocks, driving prices lower as the distressed assets failed to catch a bid.

Except that some people had entire reservoir of water storage that they wanted to fill up. Great analogy 👍🏻

I guess you can say we had a toilet paper run during the China virus.

guess we all know what a bank run is now

@@horaceroyal5289 lol

when corona started everyone went buying

Heeheee...perhaps he's Romanian, where it is often used for 'torn' or 'broken'. We presume he meant 'broke'. Love how language evolves.

@Dave you probably know this but he is Dutch

@@daveyinparis1 I'm thinking he was being punny

@@jkfozul2316 Of course. That's a thought. However, it would work with an unmarked accent and the emphasis on 'rupt'. However, with his heavy accent it sounded like a mistake. Now that I realise he is Dutch, the word 'rupts' is in that language too so he might have presumed that it translated to English. All very interesting.

love it

Live fast and prosper!

They should teach the rules of acquisition in business class.

You're correct about that. But this video is for the people who didn't study economics. There are A LOT of factors I left out or simplified. This is one of them. People who know more about economics can easily fill in the blanks (like you just did) while those who don't know a lot about economics can still get the basic principals without getting an information overload

Bois....we have a Hermit Craft fan.

@@prohz9129 OMG get out of my head 🤣

A guy: (sneezes) Everyone: React like confronting a suicide bomber.

hi

The more people you have, the less humanity you have. In large organizations, the individual has no say. If someone wants to make change they can’t really do so. It can be great in business, but in yt videos it’s not. Just look at buzzfeed

American documentaries tend to be pretty bad, PBS puts out some pretty good RU-vid documentaries

Be careful doing this because you are just filling the cavity, not getting rid of it and then filling it, the cavity is still there, it’s just underneath, this will eventually lead to internal tooth decay and possibly a lot worse and more expensive issue like root canal.

Smartest South American:

That actually sums it up perfectly!

North Korea now.

the extreme droughts were a big problem ... the zars ususally didnt care for the well being of the people they treated like slaves. thats why these poor oppressed farmers and workers over threw the monarchy to establish a system that works for the people. still there were these droughts, and only by forcing the church to give parts of its hoarded wealth to the starving people brought a solution!!! these rich clericals and nobles did EVERYTHING to keep their extreme riches and let their fellow men starve! just fyi ;)

@@VivienneShakur Then Uncle Lenin reinstitute serfdom under the name of Kolkhoz and wage war against workers and peasants! Happy End!

couldnt be furthest from the truth. in fact we were doing quite fine while the rest of the world starved

I found some really good ones from Asia in the 1930s. It's fascinating to see the footage... unfortunately the voice overs were extremely racist (calling all Asians 'simple' for example) so I didn't share the in the descriptions. You can find them yourself by looking up "asia 1930s". Once you find one video your recommendations will likely fill with several others.

That was very interesting Although being very basic tells me that we all have to get along together and share prosperity not Embrace greed.

That Jones act fucked Puerto Rico the likes no other law has fucked a country in a long, long time. To this day, the economy of Puerto Rico is a disaster all thanks to the Jones Act.

Yes.

ussr was a very weakly industrialized place, trying to recover from famines, from white terror by ravaging feudalists, constantly being spied out and attacked by imperialist western countries that longed for its oil (by standard oil) or its resources (hitler). the nationalization of its banks and real public property rubbed the capitalists the wrong way. they fiercely opposed this material based, stabil system, in favor of their extreme volatile, debt based system, causing one crisis after the other and extreme poverty for the masses and extreme wealth for the few. because in all these explanations is missing that in the west was extreme oppression of the masses, which made socialist ideas so attractive to the proletarians of the world and the colonialized natives.

At no point do I say such a thing in my video, though. It was weak due to having a lower production in total and per capita, while also being very wasteful... Not because trade was low...

@@HistoryScope i have to disagree about wastefulness of socialist production. this is actually a blatant lie used by capitalists to denounce socialist economies. it is very resourceful because it is a PLANNED economy. it produces exactly the DEMAND of the WHOLE people. in capitalism is quite the opposite. it is called anarchical production. demand is not calculated as a whole. every factory owner produces whatever they want to and afterwards they figure out how much is actually demanded. true demand that is unsatisfied is disregarded. demand is also only defined as such if it is backed with money. most of the time producers use advertising and trickery to sell their unnecessary products and bomb the people day and night to buy their products. it is so bad, that the products are build to break and to throw away. this is very unresourceful and causes all this trash!! which totally differs in socialist production where products have to be highly functional, have to last for a very long time and have to be repairable. the aim is to equip all people. (also the recycling was invented by socialists. the trash caused in socialist countries is therefore very few.) in capitalist production the aim is to accumulate profits for the owners of this factory. production was low in the beginning of the ussr. later on it was constantly rising, only kept lower than it should have been by capitalists like McCarthy and them using extremely high tariffs against all socialist economies and bitter embargos. countries that wanted to join the socialist trading system were brutally bombed and fascist terrorists were strategically build up and financed to hinder a growth of socialist markets.

Planned economies cannot provide enough supply as they aren't versatile enough. And no, they were VERY wasteful. A good example is the amount of concrete produced vs how much they actually used/needed. Recycling has been around for millenia... So socialists didn't invent that either. Socialist economies also weren't well known for the quality of their products, quite the opposite in most cases.

@@HistoryScope this is simply not true. the product quality was WELL known! and the products still work today!! they were so good, that they filled the catalogs of Western retailers, just renamed. Take the GDR, it was an export nation, with over 50% dependency on export!! you have to really research unbiased! i think you dont mean quality, you talk about technological advance, which was achieved by denying access to techology to socialist countries by cocom and chincom, the trade embargo!! i dont know where you have opinions from, but the amount of trash produced by capitalist societies exceeds extremely the amounts of trash produced by socialist societies!! the denial of access to capitalist markets by cocom and the super high tariffs against socialist countries FORCED them to be very effective. everyone knows this! thats why they had set up the recycling system, before any capitalist country, who ship their trash to other countries. planned economy of GDR was able to supply everyone in the country with a home, health care, affordable public transport, food, free education and even grants for EVERY student. beat this. what you call versatile, we call unresourceful. unnecessary production, how many cars are standing around rusting on fields in the nowhere? how much food is thrown away? how many clothes are produced to fall apart after 3 wears? please pay attention. dont be opinionated and biased. have a scioentific approach to this. you already destroyed my country. can you at least after 30 years pay attention to what you destroyed, thanks. capitalist countries fail to supply the basic needs of large parts of their people, they simply dont view them as deserving. the only time that the socialist system broke down was when the Saudis produced so much oil in 1985 that the oil price plummeted. this caused the ussr to have a financial crisis, because it is an oil exporting country, also the GDR fell into a crisis, because it refined oil to fuels and depended also heavily on export. while the capitalist countries who were already the most indebted of the world gave eachother credit to affordable conditions, this was not the case towards socialist countries. to finance the imports from capitalist countries (plus all those too scared to become socialist -> nukes), which were way cheaper sold to capitalists, the interest rates were very high! the trade between socialist countries didnt use interest rates. it was a material based system. keep that in mind. a stabil, real economy trade system. which person with a functional mind can deny the benefit for the whole earth?

Right... Because the entire world hinges on the USA... Please stop being so America-centric. There were a lot of reasons it happened. Not just one.

It took me 2 months. That's way too long. Next video will hopefully be faster and shorter (unless people vote for African decolonisation... I see now way how I can make that a shorter video)

My dad noticed the same thing

Interesting

@EmperorJuliusCaesar well said 👍

This won’t happen talent is beginning to swell up and innovation will stay strong

When I heard that, I was painting, so for an instant, I wondered if maybe it had been a line from a philosopher that had just also been referenced by Aang. But I looked up in time to see the arrow and I knew. My heart is full

I just started the video so idk. BUT MATH IS THE SPAWN OF THE BOWLS OF EVIL. BURN IT AT THE STEAK.

@@baronvonjo1929 go away

@@baronvonjo1929 I think you may just not be good at it

@@maia3487 I am not.

Genius economics. Bring back the gold standard and get rid of inflation lmao

Yeah, Brasil have everything and unfortunately most Brazilians have corrupt mindset ruin everything that prevent Brasil being amazingly prosperous. It’s a sad sight to see a once beautiful city like Rio de Janeiro turned into shithole even worse is the economical powerhouse São Paulo only get cleaned when there is election and can’t even maintain its historical areas, so there is nothing but concrete high raises buildings, disgusting pollution and traffic jams. Brasilia looks like Moonbase Alpha TV series from the 70ties and is nothing than a shelter for greedy corrupt national politicians.

Why you use that emoji