How The Great Depression Sent Shockwaves Around The World | Impossible Peace | Real History

The cataclysmic disaster that was the great depression of 1929 would cause chaos around the world for the best part of a decade. The powerhouse that was the American economy was the saving grace of most of the world after WW1. This however, would also serve to be it's undoing.
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[Dantursi]

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[dalereynolds]

This is the sort of History that should be taught in schools, at earliest plausible level, as REAL HISTORY.

[mistyarcher]

I never understood until recently that the great depression was felt around the world. They didn't teach us much about it when I was in school.

[michaeldavis]

My great grandmother was a survivor of the Great Depression of 1929-42. Her mother died in the 30's from illness/unable to afford medicine, and her daughter worked two jobs afterwards to survive and avoid the same fate as other Depression survivors. Jobs for the unemployed in America alone during the 30's got better when the New Deals program was signed, but my great grandma kept her two jobs after that because of the war rationing when America entered World War 2 in 1941, and she saw the warning signs of the war that was coming before then. I learned all this after my great grandma died at the age of 88 when I was only 12 in 2002, and she survived worse than the depression from the war and the Cold War after that in her life. I didn't understand when I was a child, but I'm old enough today to know how ignorant the current generation of society is about a part of our history in this documentary.

[Oliviatheth]

what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! Should I shift my portfolio of around 600k to cash position?

[ysshwsr]

History repeats itself. The Great Depression is trudging closer.

[OvcharkaShepherd]

Those who do not learn from history and doomed to repeat it. Sadly here we go, AGAIN

[MikeTownsend]

Those who learn history are forced to watch everyone else to repeat it.

[Wheelchairspeeder]

I grew up in the 1980s/90s with great depression poverty in Tx usa and yeah we had a roof and plumbing but I remember the food stamps that looked like monopoly $ and the govt cheese .and I was raised by grandparents that recalled the great depression and big one ..and I still eat my great depression dinners since places like winco make the ingredients cheap..and I still use a clothes drying rack..i was born poor raised poor but honest and when the good Lord is ready for me ill have it much better ..store up treasure in heaven..and my grandparents taught me we can survive anything if we keep the faith and do the best with what God gave us and look out for our fellow man and im in my 40s and not as poor as when I was a kid and I never forgot those lessons 😊

[tomtroy]

We really don't realize how good we have it we would never be able to endure what our forefathers have endured

[danielorlando]

Human greed is the snake eating its own tail

[kristinmeyer]

37:45 What both differentiates, and imo scares me about the comparison between then and now is the hyper-connectivity of communications and the lack of care for truth.

[marilynwright]

During the blizzard of 1978 my uncle explained the stock market to me and let me read his books on the subject...he said only play what you can afford to lose....

[ronaldzent]

When I see the scenes of people living without "walls" they were basically homeless, minus the drugs and mental illness that are very sadly prevelant on the streets today

[JamesBlazen]

What's coming is worse than the Great Depression.

[kennetharntson]

When America goes into a depression again it will be far worse than the one in 1929. Here are many of the reasons that I see not being addressed. In 1929 America was already an industrial powerhouse that exceeded Europe's manufacturing not only the manufacturing was superior but the abundance of natural resources such as oil and iron. 80% of the 123 million Americans live on small farm or had family that were still living on farms, so food was readily available.
Today we have 333.3 million Americans (not counting at least 7 million that have crossed our borders that are not counted in our population. Today according the American Algaculture Department today there are only 2% of Americans living on farms. Most of the farmland has been bought up by algaculture companies that mostly grow thousands of acres of single crops like soybeans and corn. And as all American now know most of American's manufacturing is not gone or moved outside American to other countries.
So when the depression hits, the first thing that will happen is many people will be living on the streets, since most people were renting and now no job in our now "Service Economy" has gone belly up due to the fact now one has the money to buy anything since the dollar is either in hyperinflation due to the loss of respect for the dollar worldwide. With no manufacturing there will be little to no jobs and with people without money no market for the "Service Economy" even if you have a PhD. degree in Gender Studies. So now close your eyes and try to comprehend what American will look like with 100's of millions of Americans with no place to live, no food to eat (unless you love soybeans and corn) and over half the population that have homes or have prepared for the coming depression and have stockpiled food, guns and ammunition. If you think that Chicago has a high murder rate, now it will be all of America killing Americans that will probably outnumber those Americans killed in all the wars fought by American since the American Revolution. Worse the one thing that brought American out of the 1929 depression was its manufacturing facilities that had sat idle until War World 2 started and put Americans back to work and kept them working up util the 70"s when manufacturing started moving out of America. The industries that American had before the 70's are long gone. I will take Ameriaca at least 75 years to get that back and then another 25 years to get their products on the world market again if it is either super cheap using cheap American labor or superior quality which America was really never known for.

[CarlBeaudry]

I learned this history from my grandparents back then.And it's still going on and gets what i'm still alive

[lianefehrle]

My German grandparents were going through this as they both started to fall in love. 1930’s looked very hard to live in the country of Germany. I didn’t know what life was like for them when they were in their 20’s age.

[Mrshuster]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, not even any more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

[jetmorbid]

Crazy how similar these events match what’s going in 2024.