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The History of Nauru: How The World's Wealthiest Country Lost Everything | NowThis World

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Here's how Nauru, a secluded island roughly 1,800 miles off the northeastern coast of Australia, went from being the wealthiest country in the world to losing everything.
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NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
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Опубликовано:

6 сен 2024

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Комментарии : 476

@jeronimotamayolopera4834 6 лет назад

MISTAKES WERE MADE.

@krnpowr 6 лет назад

Exactly what oil-rich countries are doing today and the same consequences they will succumb to in a century when the world weans itself off fossil fuels.

@jeronimotamayolopera4834 6 лет назад

WE WILL SEE WHAT HAPPENS NEXT.

@jeronimotamayolopera4834 6 лет назад

OIL WILL BE REPLACED BY MANY OTHER SOURCES OF ENERGY.... WHEN TO DO IT?... WITCHES DO NOT EXIST.

@shelizadetabene3334 6 лет назад

Yes. Bc the government at that time were selfish. Btw way im a Nauruan

@jeronimotamayolopera4834 4 года назад

@Prince Henry The navigator THERE ARE NO MISTAKES.

@mr.dr.genius2169 6 лет назад

Nauru also got a lot of money from Russia with the agreement that they recognize Abkhazia and South Ossetia.

@laurie4199 6 лет назад

Ossetia*

@hatman3445 6 лет назад

Exploitment as it's finest!

@AdmiralRoadkill 6 лет назад

At least Russia helped them unlike Australia.

@laurie4199 6 лет назад

Dr. Epiphany Australia does help Nauru.

@LNKSonYOUTUBE 6 лет назад

Hey its that serbian guy again

@mr.dr.genius2169 6 лет назад

How powerful is…wait, they did it, THEY DID IT! Thank you NowThis World, now I can die in peace.

@user-hx1nr9ru1p 6 лет назад

The power of bad management.

@mlgsty8880 6 лет назад

fun fact: Nauru translates as laugh in finnish...

@GearZNet 6 лет назад

At first they were laughing to the bank, now they laugh so they don't cry.

@lauriallantorni2036 6 лет назад

i didnt even realize that

@flowersflower110 6 лет назад

I have heard Nauru translate worm disease in India

@noone-ps9fp 5 лет назад

Yep

@imgonewiththewindfab 4 года назад

Nauru means feeling going to deposit stool in the toilet in Philippines

@EladLerner 6 лет назад

You forgot to mention "Leonardo the Musical: A Portrait of Love". It's just amazing. From Wikipedia: "The 1993 West End production is considered one of the biggest disasters in the history of London theatre ... The project, a highly fictionalized account of Leonardo da Vinci's creation of the Mona Lisa, was the brainchild of Duke Minks, an advisor to the Republic of Nauru ... He convinced government officials to invest £2 million - derived from profits earned from their major export, marine deposits rich in phosphates - in the production, a fact later gleefully exploited by the critics in their scathing reviews" THIS is what caused Nauru's collapse - A bad musical.

@kalerug 4 года назад

That is just one bad decision among many. Not the sole cause

@DejaVuStan 6 лет назад

How Powerful is North Sentinel Island? First petition

@lego501stTrigger 6 лет назад

Natives from the Americas and Australia always talk about how amazing their society was before colonists showed up. North Sentinel Island is proof that an isolated group of people cannot invent technology or gain knowledge. The sentinelese don't know what fire is. They are at the stone age technology wise, the same as Australian Aborigines and natives from the Americas before European arrival

@passievoorassie916 6 лет назад

Natives from america knew perfectly well what fire was and had advanced past stone age technology, just take a look at the mayas, aztecs and incas. They of course weren't up to speed with europe but still. Gaining new technology in return for having about 90% of your population decimated by newly introduced diseases, slavery and war with the europeans doesn't seem like too good of a deal.

@litobeatz639 2 года назад

@@lego501stTrigger if aliens came to our planets and gave us new diseases and murdered half our population, but in return gave us advance technology, would you say it was worth it?

@curiouskid1547 2 года назад

@@lego501stTrigger stfu. Most Aborigines know about the wonders of civilization now. It's just that they don't care for it.

@lazyscholar7932 4 года назад

Its funny how the video would have you believe that Nauru did it to themselves, Australia and New Zealand were draining their resources well before they gained independence.

@revefestival4652 6 лет назад

That is sad

@joebloe4461 6 лет назад

Saudi Arabia when the oil runs out.

@VFatalis 3 года назад

Agreed but it will happen before oil runs out... Price of oil has been too low for producers since 2014, now with pandemic it's even worse

@heinuchung8680 3 года назад

Sad but true

@somethung8188 3 года назад

Saudi oil isn't running out any time soon. What will hit their economy harder is the fact that oil itself is being phased out of used BECAUSE it could run out.

@tanishjain9190 6 лет назад

This should be a lesson to the countries who are dependent on a single industry

@jinjiyoshi5548 6 лет назад

They should've invested into tourism and fishing and start building artificial islands to expand their land like Bahrain did.

@NorthSea_1981 4 года назад

The sea around Nauru is too deep for that.

@firyalazeera5396 4 года назад

They should at least improve tourism like Maldives and Mauritius or export some products like Grenada. Grenada export chocolate and gain most of the income from that.....

@NorthSea_1981 4 года назад

@@firyalazeera5396 Exactly

@firyalazeera5396 4 года назад

But artificial islands leads to the destruction of coral reefs and many species would get extinct.... UAE is facing this problem...these countries took tonnes of sea bed sand to create those islands, that's a worst thing....

@VFatalis 3 года назад

àJinjiyoshi Too isolated for tourism, fishing not doing great because phosphates polluted everything, and lol at your silly suggestion of building an artificial island. Do you have any idea the amount of energy required to do that ? Apparently not.

@campbelldavid7830 6 лет назад

Hey Guys! Did you know, that people in the comments know what Nauru translates to in Finnish?

@dumyjobby 5 лет назад

laugh

@neutronstar5544 6 лет назад

Future of Gulf countries

@eruno_ 6 лет назад

Gulf countries actually invested and diversified their economies successfuly in recent years. They can live without oil easily.

@7tfps327 6 лет назад

their economy's don't depend on oil much now

@hcn6708 6 лет назад

+7t fPs Our countries still rely on foreign labor, 90% of our population is foreigners.

@samatarahmed3706 6 лет назад

I’m guessing your western. Tell us how your service based evening works out in few countries

@secularataturkist4674 6 лет назад

7t fPs Actually they still do. But in a few decades they will move to renewables like Solar.

@amykmcl 6 лет назад

Everything in this three-minute film is "fake news". I am not sure whether it is poorly-researched or deliberately wrong, but I would like to know how to please have it taken down? I am particularly concerned because your content is invented in a way that is very derogatory towards the people of Nauru, and so it isn't just wrong, it is also harmful. If you wanted to post a more accurate film I would be happy to help you with some actual research and information.

@DJLukk4 6 лет назад

dubai in 50 years

@Olonne85 6 лет назад

Well Dubai is the extreme opposite, they invest massively in wealthiest projects around the world to prepare the future lack of oil.

@lleounarsri 6 лет назад

Dubai's economy doesn't depend on natural resources. It is diversified and very sustainable

@thehistorynerd8537 6 лет назад

But doesn't Dubai rely on money from oil in other parts of the UAE? Like government money? Many places rely on the federal government for money, not sure if Dubai is in that situation. (I know they're resource poor and diversified, but that doesn't mean that they don't rely on oil money from the rest of the UAE)

@MohammedAhmed-ts6jz 6 лет назад

The History Nerd they dont tax, but when oil is run out. They can start taxing companies and people. That why they attract so many companies. Or set up many companies and they are open to business from now. For the future..

@amalihomer7626 6 лет назад

@kyaobet88 6 лет назад

Lesson learned "SAVE WHILE YOU EARN GOOD!"

@TRAVisty_James 6 лет назад

The offshore detention centres are one of our country’s biggest shame. Future generations will ask how we could let the human rights abuses happen. And unfortunately we’ve lost the luxury of saying “we didn’t know”

@SocialistFinn1 6 лет назад

It's funny because "Nauru" means "A laugh" in Finnish

@Bobelponge123 6 лет назад

*ha ha ha*

@generous_coconut 6 лет назад

*laughs in Finnish* Lol XD

@dominicdagagio2629 6 лет назад

Kapteeni Finland were one world. Dont b too proud for what u got nd what others end up to. Karma remember that

@omega-zeezeth-jose9774 6 лет назад

Eita inum? awa adorr!

@abiez4018 3 года назад

wtf so it mean finnish people laughed at them because they're becoming poor

@user-rm2lg5uz4o 6 лет назад

How you can be poor and obese at the same time?

@somebody2619 6 лет назад

Shubh Sharma The type of food.

@shifokh 6 лет назад

unhealthy diet

@Olonne85 6 лет назад

it's also because of genetics. Simple enough, Polynesians are way more obese than the rest of the world

@solomon_gafc8310 6 лет назад

Shubh Sharma Quite easy

@Olonne85 6 лет назад

Yes that's right, at the beginning only the strongest Polynesians who could travel the ocean with little ressources to eat survived. Thus, the Polynesian diet before the arrival of europeans were really small. With globalization and the abundance of junk food, Polynesians get way more fattier than europeans because of that reason.

@myotherlifed9554 6 лет назад

fun fact: "nauru" means "laugh" in finnish.

@generous_coconut 6 лет назад

my other life :D *laughs in Finnish*

@bryanst2904 6 лет назад

J P you can't laugh in Finnish you don't laugh by saying nautu nauru

@sandeepkarety 6 лет назад

"Nauru" means "mouth" in Telugu

@omega-zeezeth-jose9774 6 лет назад

Awa edeijyi^ kanaka aunchi ibum! Tawe anu!

@florin.simonescu 6 лет назад

How powerful is Romania?

@HKspurs10 6 лет назад

This shows the importance of a well managed sovereign wealth fund

@adambanks8469 6 лет назад

How powerful is Sealand

@laurie4199 6 лет назад

The answer is obvious, they're not powerful

@gorillaguerillaDK 6 лет назад

Haven't they done that one already? Maybe it was another channel!

@aliadnan42 6 лет назад

Adam Banks VeRy PoWeRfUl HaVe 10B TrOoP 5B TaNKS,AiRcRaFt,NaVy

@lindapenisten4179 6 лет назад

It’s pronounced Naru 🇳🇷 not nowuru

@thefighterfly9208 4 года назад

now-ru That's it's official pronunciation

@CastoBoyMania Год назад

You're all wrong 💀💀💀

@NorthSea_1981 4 года назад

How this once super rich tiny island nation became poor is one of the ironies in human history. Instead of investing the money for the time after the phosphate boom, such as high-end tourism (including turning the phosphate mine into a museum- perhaps even becoming a unesco world heritage site due to its uniqueness and historical significance), marine exploration/research, and whatnot, their government totally wasted it and didn't give a f. It's sad because this island actually seems like a beautiful place.

@oo--7714 2 года назад

No not really, it’s still a high income nation lmao

@mikec1236 3 года назад

Naomi Klein wrote a chapter on this in Capitalism Vs the Climate. This is what we call a sacrifice zone.

@Jay_Bee1 6 лет назад

Very interesting video, good job

@Chor1op 6 лет назад

*Hey 'MURICA YOU HAVE AN OBEESED FRIEND,NAURU*

@OHYS 6 лет назад

IKR

@spaghettigod43 6 лет назад

Livin MƏMƏ Mexico's our fat friend too

@Chor1op 6 лет назад

Yay three musketeers

@youraverageidiot6692 6 лет назад

"Obese" is already plural lol.

@victoriawilkinson6869 6 лет назад

The Australia Government are the cause of the Nauru poverty and poorest.The Two palagi from Australia stole all the Nauru-an Government money that nearly 1. something Billion and today the Australian Gorvenment are kept quite in silence and Australia Government responsible for the Nauru poverty and no one else .Australia has to rebuilt the Government of Nauru to it stage

@idrissapreval8741 6 лет назад

So would you say they had only one job

@anticeon 6 лет назад

Idrissa Preval literally

@CarreRan_ 6 лет назад

Australia is not keeping out immigrants and refugees. In 2017 they took in more than their UN quota demanded. But they have said if you travel the dangerous route by ship illegally, you will not be let in. As a result, they have gone from thousands dying at sea trying to get there to 0. Not saying these detention centres are run right, but you need to explain why they have been set up and not make it seem like Australia is an impenetrable fort when it comes to refugees.

@element1935 6 лет назад

Do lebanon now from paris of the middle east and central economy of the middle east with 80 different banks to the brink of war and corruption.

@hannahbenz9394 Год назад

I'm so happy you've pronounced Papua New Guinea right 😌♥️

@IIIIALBYIIII 6 лет назад

Wait in the line like everyone else whos coming to Australia!

@salutic.7544 6 лет назад

Arabia 2117 (colorized)

@VFatalis 3 года назад

2027 will suffice

@MultiSciGeek 6 лет назад

That was really interesting. Thanks

@spazzingchubbyturtle449 6 лет назад

How powerful is Pennsylvania

@thecocomonk2657 6 лет назад

Ain’t no Christmas like an Australian refugee camp.

@RichardsWorld 6 лет назад

They used to have a lot of underground labs selling pharmaceuticals too.

@arifullah9703 Год назад

How many builder salary per hour in Nauru

@bestamerica 3 года назад

' no wonder how nauru island getting the electric powerline AC 120 volts or AC 240 volts come from

@wearethenightparty 3 года назад

This is OK but completely overlooks the massive compensation payout Nauru received from Australia for environmental destruction. They completely squandered all of that money.

@MinecraftDog-gq1fe 6 лет назад

u made a typo in the tiltle!!! nowthis

@soapftw96 6 лет назад

Narrurru?Narooorooo?Naaaauuuurrrooooo?NAAAAAUUUUUUURRRRRRUUUU?

@momololo3223 6 лет назад

*NAAAAAAAAARRRUUUUUTTOOO*

@soapftw96 6 лет назад

SSSSSSAAAAAAAAAAAAAAAAAAAAASSSSSSSSSSSSSSSSSSSSSSSSSSSSUUUUUUUUUUUUUUUUUUUUKEEEEEEEEEEEEEEEEEEE

@pranavdeshmukh411 6 лет назад

Respect Nauru from India

@t-.-t. 6 лет назад

Pranav deshmukh what? Lol

@gabrielcaballero4817 6 лет назад

Pranav deshmukh Respect India from Sealand

@dragonempire2253 6 лет назад

Gabriel Caballero Lol As an Indian I laughed so hard at this

@josechan4295 Год назад

That's why they lived like gods and goddesses in lavish economic life.not knowing of resources being exhausted.

@syedadeelhussain2691 6 лет назад

Tiny Island Nations/ City States enjoy periods of boom and after that, they get wiped out. The medieval state of Venice is a poignant reminder and later many Carribean Nations did well under the British Raj but later collapsed as prices of sugar and other trade commodities came down in the 20th century. Now I think its HongKong's turn? Singapore is the only exception to this rule so far.

@jarenong 6 лет назад

And i thought Australia being a western country should know better in Human Rights

@juneabella2473 5 лет назад

Nauru is not a country its a city

@paulhan1615 6 лет назад

My 2nd petition: "Why do people tend to love dictators?"

@raptorfromthe6ix833 6 лет назад

paul han because with dictators you wouldn't have people like trump

@hehehohoism 6 лет назад

Smart Australia

@Olonne85 6 лет назад

It's a shame for that nation

@willr7649 6 лет назад

Tony Rx Exactly, there shouldn't be shame, The Australian Government did it so Australians can have a strong economic power so we can live in a nation that family's can put food on the table and have a good life.

@masterchief5437 5 лет назад

lol

@JamesSmith-by3qy 2 года назад

Nauru is actually a high income country still.

@BigJoeMufferaw784 2 года назад

It's all fun and games until the phosphate runs out

@taymoorarsalan7789 6 лет назад

Thank God Norway learned from Nauru and is correctly managing their oil-derived wealth

@macdeep8523 6 лет назад

How to Colonise Nauru ?

@ezraalbarra4045 6 лет назад

How powerful is Azerbaijan. For all the veteran subscribers

@biologicallyyaseen 6 лет назад

Ezra Al Barra Hijab Queen is that you?

@ezraalbarra4045 6 лет назад

Yaseen ayyy a fellow veteran

@justsomepersononyoutube9271 3 года назад

Everyone is gangsta until Nauru because house

@mangkokhayon5039 4 года назад

She said it's now one of the world's poorest?. At GNP of $8000 I don't think it's poor. Anything above $4000 is considered upper middle income.

@vinitpatel7531 6 лет назад

Every 12 minutes, a bird’s species dies. Seagulls won’t be around much.

@wumao_gang1020 3 года назад

As I googled it up nauru gdp in 1970 to 1985 was $3000 to $5000 no where near half a milliob

@snekktikhays1780 6 лет назад

It would have done better if: 1. It limited the amount of import slightly so its crops would grow better, so it could have started agriculture also. 2. Made its citizens pay taxes and made healthcare/education cost, to support the country.

@sachinmulik9061 4 года назад

It looks like Anchor is from nauru as well...😁

@dramaticme4882 6 лет назад

Make:What Is Life Really Like In Latvia?

@tauceti8060 6 лет назад

How powerful is Trinidad and Tobago?

@jacobdoublex7023 2 года назад

Never heard someone butcher our islands name so bad

@imthedanial 6 лет назад

Make a vid about Adenan Satem, Sarawak's Chief Minister

@JonROlsen 6 лет назад

The invisible hand.

@mercedesbenzdelos90s 6 лет назад

Jon R. Olsen Smith was a genius

@JonROlsen 6 лет назад

FZ So what are you saying?

@mercedesbenzdelos90s 6 лет назад

Jon R. Olsen he's talking about Free market

@JonROlsen 6 лет назад

I think FZ can answer for himself.

@mercedesbenzdelos90s 6 лет назад

Jon R. Olsen I Made a mistake, he's definitely talking about communism due to the quote "everything free from the state" Btw i'm just trying to help jesus

@johngreene8988 6 лет назад

Do a video on Tuva, also known as Tannu Tuva

@MrThebebin 6 лет назад

what is her name.??

@souvik2548 6 лет назад

Why dont you work on your hand posture.

@Macdaddy4738 6 лет назад

His excellency Baron Waqa will turn Nauru around!

@hallmonitor98 4 года назад

I wonder how many business owners and pliticians left the island and took all the money

@raresneculai7235 6 лет назад

How powerful is Romania? This is my 9th petition.

@GBart 6 лет назад

Phosphates are molecules, not elements

@sumasonle9901 4 года назад

mam make vedio on self introduction in nuaran language plz... 🙏🙏

@sivagunti3381 6 лет назад

She is actually Indian but i like her accent...

@chriswatson1698 5 лет назад

"per capita' means per person. Increase the number of inhabitants and you reduce the wealth per capita.

@johnnguyen6159 6 лет назад

Sounds similar to Detroit, do the rise and fall of Detroit with possible Renaissance.

@surfie007 6 лет назад

Metric please!

@ammarpratama1207 4 года назад

What do you want to translate into metric?

@fabioshire97 6 лет назад

WHAT IF EUROPEAN UNION 🇪🇺 BACAME A SINGLE COUNTRY? MILITARY POWER, ECONOMIC POWER, AREA, POPULATION...

@caelvanir8557 6 лет назад

It'd be incredibly powerful

@danielmills7801 6 лет назад

fabioshire97 NEVER

@Netman64xD 6 лет назад

I'm quite sure this topic has already been touched

@giuseppelapomarda598 6 лет назад

It would be the strongest country in the world but our culture would be destroyed our languages our lifestyle and so on, I'm Italian first, then european

@fabioshire97 6 лет назад

Mlg Sty Typical phrase of an uneducated person!

@jeffreyd508 4 года назад

My corporation is based there.............complete anonymity and no taxes. Yippppiee!

@muhammadhamid4 6 лет назад

Ummm make a video on Global Financial Crisis, and which countries bailed out others like Ireland and Greece, and how?

@18nomah 4 года назад

I see a lot of finger pointing to various parts of the world in comments. No. This is the future of all of us - humanity - unless we learn to moderate and replenish resources.

@Gfdsa40 3 года назад

Argentina of the Pacific

@verygoodbrother 3 года назад

The island is so small that it takes 15 mins to go around it. So rather than cycle they decide the drive and they wonder why most are overweight, just stupid logic. They even seem to have good weather. They could save both their health and money with one stroke.

@ujjwalmishra5952 6 лет назад

i love the host versha

@zaixinliu1063 6 лет назад

Is global warming and ascending sea level also becoming a problem of the Republic of Nauru?

@bernard8793 6 лет назад

Independence from who??? Explain please????

@thebig3864 5 лет назад

British people

@thefighterfly9208 4 года назад

The UK

@king-mihai 6 лет назад

How powerful is romania 13th petition

@rolandosierra2289 6 лет назад

Venezuela

@wigglebot2368 4 года назад

Fell apart in a similar way

@josephcarlino869 6 лет назад

125k views Nauru population: 10k. Coincidence? I think not

@thevikasnam 6 лет назад

Don't rely on one thing to make all your money.

@oylumo 6 лет назад

No doubt some of us thought it said Naruto instead of Nauru

@long-timelistenerfirst-t-us2yy 6 лет назад

the juuwes won't ever be blamed for nuthin

@nfz4177 5 лет назад

It would make a great tourism island if money was invested right

@harrison6082 6 лет назад

Shoot, I hope more nations that rely on one commodity diversify before they suffer the same fate.

@neeneko 6 лет назад

They generally do not. While this is an extreme case, it is the same pattern pretty much any resource economy ends up going independent of scale. It is one of the reasons so much of the US is in trouble now, all the resource economy based regions are descending into poverty. Even ones that diversified into more than one resource suffer the same general fate.

@denvercabanes 6 лет назад

She reminds me a lot of Hannah Simone from New Girl

@kait2104 6 лет назад

ok....all I know is Nauru is the best island EVER not one poor ppl.I'm totally offended by these comments here.everyone here is sooo happy coz it's a free country and I hate NEWS PPL who are saying that Nauru is a joke you all should be ashamed Nauru is MY HOME MY LIFE MY PEACE so please whoever is saying mean things JUST STOP

@Moon-eg8jy 5 лет назад

But Nauru is not doing so well.

@omarfarique6304 6 лет назад

They should have taken the wealth that was generated to invest overseas that way the country would always have money coming in. But they basically were the example of an irresponsible person winning the lottery