How Did the Great Depression End?

What ended the Great Depression from 1929? The economic crisis kicked off at Black Thursday on October 24, 1929 when the stock market on Wall Street crashed. American president Herbert Hoover had no answer to the crisis. The economic recession became an economic depression. In 1933 Democrat Franklin D. Roosevelt became president and said: “this nation asks for action, and action now.” He had a plan named the New Deal. This was a package of laws for economic and social reforms. Did Roosevelt's New Deal stopped the Great Depression? In this video you will have the New Deal explained.
History Hustle presents: How Did the Great Depression End?

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Licensed under Creative Commons: By Attribution 3.0 License

Licensed under Creative Commons: By Attribution 3.0 License

Licensed under Creative Commons: By Attribution 3.0 License

SOUNDS

[John-mfky]

I feel like a lot of this is going to be very relevant in the Us/World very soon..

[ryaj]

Honestly, there isn’t much a government can do to stop or fix an overall economy without damaging it later on.

[janherburodo]

Roosevelt's story is truly remarkable. From his economic and social reforms, through his battle with illness to the way he orchestrated U.S foreign policy during the world war. There are many things he can be criticized and praised for, but I think that we all can agree that he was an interesting character.

[survivalhax]

It scares me knowing that we are most likely headed towards another depression and there are no leaders capable of pulling us out this time

[drmartin]

The Great Depression didn’t end until ww2. The new deal extended the Great Depression.

[hankw]

Roosevelt did keep us limping along and avoiding complete collapse. I think he deserves that. My hat's off to him.

[avdhutjoshi]

Would you say the great depression caused the war and the war ended the depression?

[TheModernPioneer]

Glad for videos like this that clarify the whole FDR/New Deal scenario. Many people directly associate FDR’s policies with fixing the Great Depression because both them and WW2 occurred during his Presidency. Many don’t realize that it was actually a hike in wartime industry that actually brought the country back in good economic shape.

[jackcarraway]

0:40 - 0:50 : This is a myth. Unlike his predeccesors Warren Harding and Calvin Coolidge, Hoover was a big meddler in the economy. He raised taxes, increased spending on public works projects and, his worst offense, ratified the Smoot-Hawley Tariff Act, which made foreign trade come to grinding halt. In fact, Hoover was such a meddler he was called a socialist by FDR's running mate! In contrast, Harding faced an arguably worse stock market crash, but it recovered relatively quickly and the Harding administration hardly got involved.

World War 2 did not end the Depression either. Yes, enlisting 11 million Americans brought the unemployment rate down (which was back in the 20+% right before our entry btw), but it's not a sign of a health economy that we think sending 11 million men to risk their lives against the Nazis solves the problem. If war fixes global recessions, why didn't we work with the UK during 2007 and build up the greatest fleets of ships every seen and blow them all up?

What ended the Great Depression was the returning veterans coming back to work, scaling back the New Deal and taking off the government stranglehold on the economy.

[williamressegue]

The Great Depression didn't end and our economy didn't come back to normal until after WWII

[stacey_rh]

My gosh the insanity that Roosevelt helped stop in a sense. It’s helped our country 🇺🇸 but there are different problems now. Many of which go unseen! Great work!

[pasteltessa]

Watching this to see how we can hopefully get out of this silent depression

[iBigBadSwag]

Funny how history always repeats itself.

[gitakaalvis]

Hi just wanted to say great video but I tried to put on subtitles and the word are all scramble. Not sure if there's anything you could do about it but thought you should know.

[ExpatriatePaul]

I give you credit, this is one of the most objective analyses of this subject I've seen on youtube. Sadly, most simply paint FDR and the New Deal as heroes that saved the nation, when in reality, the adverse effects of each are still being felt to this day in the form of massive gov expansion and subsequent, unsustainable federal debt. Government is the problem, laissez-faire is the solution.

[sam-zmyl]

First they built for war.And after the war they rebuilt what was destroyed 😂good for economy

[haroldhahn]

Roosevelt extended the great depression by preventing an upturn, and ended it by dying.

[MountainSilver]

Where did this myth that Hoover did nothing come from? He was directly involved in the economy. He did big public works projects, he mandated wages (insane to try at the time), he directly dictated pricing and contracts on labor. These were some of the most interventionalist things a president had ever done.

[Airborne]

Kun je iets doen met je Nederlandse Kanaal het staat heel veel vaak stil.

[UBIAICOSMOS]

Depression solution:- Universal Basic Income.
Dignity Life For every one