The Great Depression: Economic Collapse

The Great Depression: Economic Collapse
Explore the causes, key events, and profound impacts of the Great Depression in our video "The Great Depression: Economic Collapse." Dive deep into the stock market crash of 1929, the resulting widespread unemployment, and the severe environmental disaster known as the Dust Bowl. Learn about the New Deal programs introduced by President Franklin D. Roosevelt to alleviate the crisis and their lasting effects on American society. This video provides a comprehensive overview of one of the most challenging times in modern history, featuring historical footage, expert interviews, and engaging visuals to bring this era to life.

[gingerkilkus]

The average American is the foundation of this nation's economy, therefore if their money vanishes, unemployment will rise and the message "You have an unexpected month" will emerge. If you have a lot of student loans that are coming due, that money will run out very soon.

[parkerbohnn]

The saddest part is the U.S. stock market today is even more overvalued than the epic stock market crash in 1929 that ushered in the Great Depression.

[suzannepowell]

Remember that at the time 90% of the citizenry was rural and farming. Now 90% are in cities and deep in debt.

[planetmchanic]

Let's not forget that 12.5 million people starved to death and another 13.5 million died of malnutrition related diseases, mostly children. You forgot to mention that part.

[GlynDomingue]

It looks like we are heading in that direction now. No one is trying to fix the problem. It is sad

[tonyi]

My father in law said that jobs were so scarce that if you best friend died you didn't go to his funeral but you went to go get his job.

[GenXamerica]

Nice Readers Digest rundown. At least a reminder for those that got little to no lessons in history over the last 10-20 years. So many people have no idea where the world is today or why history, and yes religion as well, matters. Sad times.

[Bill_of_Rights]

The New Deal prolonged the Depression.

[iliasm]

Great depression was for the people. Not for the riche.as it is today

[scuddyleblanc]

The stock exchanges were regulated by the states they resided in and not by the federal government. The NY Stock exchange, the largest by far, was regulated FDR as Govenor of NY. The exchanges were poorly regulated, leading to excessive speculation and huge rises in values until the crash.
It's ironic that FDR, who failed at regulating the NY stock exchange, was a presidential candidate who campaigned on cutting federal spending and balancing the federal budget. Once elected, FDR did the opposite of his campaign promise and continued Herbert Hoover's big government, deficit spending approach to the crisis.

[annetteringo]

Also, you can see in documentaries farmers pouring out milk and burning crops cause the farmers couldn't get the prices they wanted...LOOK IT UP.😊

[donaldcurtis]

My grandparents told me all about the depression can I live very frugal I do too to this day

[lamarravery]

What came after the great depression? WW2. Our modern day stock market continues to be artificially propped up. It should've bursted long ago.

[barsoom]

Sounds a lot like the US today.. Today the Hovervilles are called Bidenvilles..

[jameshotz]

The smart money investors sold out as they saw the end coming and the market crashed.

[rightstuff]

We are in much worse shape now….we just have a bigger printing press.

[Michael-]

If the unemployment in South Africa ever hit 25%, people would be breaking out the champagne and celebrating.

[Steve.]

Umm you didn't mention how the Central Bankers were responsible and will be responsible for the next GD.

[RandyHobson-vwdc]

13 families that rule the world. Next question.

[kennetharntson]

What about the rest of the world. Did the Swiss go into a depression? What about Japan, Thailand did their economies go in to a depression? What happened in America is reset history that most of us Boomers learned about the depression from our parents and grandparents.
Seems to me that some countries were not effected my the depression happening in America.