The Great Depression - 5 Minute History Lesson

To clarify, Hitler was NOT the founder of the Nazi party, sorry for any confusion!

The Great Depression was the worst economic downturn of the industrialized world, crippling the wealth of Americans throughout the 1930's. How did it happen? Let's find out with a 5 Minute History Lesson.

Episode Music:

[ManuelBTC]

The only thing we can learn from history, is that nobody ever learns anything from history.

[electrichanoi]

Aah yes, the roaring 20s are back again.

[StonksBro]

What he explains is actually happening again but with different actors. Humans forgets too easily.

[steinway]

Fun little story about the Depression: One day, a man named Joseph P. Kennedy (the father of JFK) was getting his shoes shined when suddenly, the kid shining his shoes started giving him stock tips. Joseph had made a fortune in the stock market like everyone else, but according to the story when he heard a child giving him investment advice he decide to get out while the going was good.

He got out with his fortunes relatively intact and went on to become the first head of the SEC in 1934, ambassador to England in the late 1930's, and the patriarch of one of America's biggest political dynasties.

[Cfass]

I just learned more in five minutes than I did in four years of high school.

[ablanikihyung]

1929: 14 BILLIONS DOLLAR WIPED OUT IN 1 DAY!
2020: That's cute.

[guardian]

'Roaring 20s'....
Me to 2020: Ah shit, here we go again

[Yashiro-nene_dies]

1929 was the worst economic crash in American history.

2020: Hold my beer.

[ezolecter]

"The Great Depression"
Me: no

"The Big Sad"
Me: *HELL YES*

[idk-nqki]

It shows how incredibly fragile our economy is.

[raccoon]

*me watching the first half* “hey this looks familiar”

[Beno]

You would have thought we would have learnt from this, but 100 years later we're looking at exactly the same thing.

[Chris-eswf]

The great depression of 2020 in 5 minutes.

[jcmexicohomestead]

Anyone else here in 2021, watching history repeat itself?

[Selahangelique]

I constantly forget what happened and have come back to this video at least four times over the last few years.

[thedemonthatchasedyouupyou]

Coronavirus: *we're doing a sequel*

[ThatOneScienceGuy]

I just find it so funny that human behavior and belief structures is what creates situations like these.

[darcycbwilson]

Thank you so much for this! It was a great and quick explanation I used to teach my kid about the Great Depression.

[fstroke]

This is the best synopsis of the Great Depression I have ever seen. Bravo! 👏🏻 👏🏻

[DrexFactor]

This is a fantastic format and I'd love to see more videos that use this format. Perhaps the Dutch Tulip Bubble or the 2007 Financial Criss?