The US Economy is About to Crash Hard - The Wall Street Crash | Between 2 Wars | 1929 Part 1 of 3

In 1929 it's been nothing but growth for the US economy for years, at least if you judge by the New York Stock Exchange. But all that glitters is not gold, and when the gilding comes off this bubble it sinks like a lead ballon.

Hosted by: Indy Neidell
Written by: Francis van Berkel and Spartacus Olsson
Produced and directed by: Spartacus Olsson and Astrid Deinhard
Executive Producers: Bodo Rittenauer, Astrid Deinhard, Indy Neidell, Spartacus Olsson
Creative Producer: Joram Appel
Post Production Director: Wieke Kapteijns
Edited by: Daniel Weiss
Sound Mix by: Iryna Dulka

A TimeGhost chronological documentary produced by OnLion Entertainment GmbH.

[TimeGhost]

Now... ladies and gents - this is not a video about 2019 and we are not making any political statements. We know that some of you love making parallels between the present day and historical events. Although we can learn from history, try to remember that the circumstances were very different. Others among you feel it appropriate to extend partisan conflicts backwards and make out our videos, or events in the videos as partisan statements or issues. First of all we simply don't do that, we just relate the events and the circumstances as factually as possible with the best possible sources. Second of all it is pointless to look for the 2019 partisan left/right divide according to party lines in events that happened 90 years ago. There's just no comparison as both reality, and political parties have gone through so much change that the members of the same party, from today and then would probably disagree so vehemently on so many points the they would not even understand each other. So please, try your best to not go off on partisan rants, as it distracts form the actual historical issues at hand, and do respect our rules:

STAY CIVIL AND POLITE we will delete any comments with personal insults, or attacks.
AVOID PARTISAN POLITICS AS FAR AS YOU CAN we reserve the right to cut off vitriolic debates.
HATE SPEECH IN ANY DIRECTION will lead to a ban.
RACISM, XENOPHOBIA, OR SLAMMING OF MINORITIES will lead to an immediate ban.
PARTISAN REVISIONISM, ESPECIALLY HOLOCAUST AND HOLODOMOR DENIAL will lead to an immediate ban.

[Arbiter]

17th Century Dutchman: Tulips will always hold their value

[Aramis]

I love how Indy rises to a thundering crescendo at the end of every video, like a building wave that finally crashes into the shore and gently recedes.

[Gonboo]

I am disappointed by the lack of cats on vacuum cleaners in this video.

[sambeech]

Al Capone warned all his employees to stay away from the stock market. He said it was a racket.

When Black Monday hits in Kaiserreich.

[JagerLange]

This lays out just how the Crash happened really well, rather than just letting "ECONOMY FELL LOL" take its place like most other 1920s history might try for expediency's sake.
I'll leave TimeGhost money for a round before I throw myself out of my Wall Street office.

[Kettenhund]

I put my dough in Wall Street
in the spring of twenty nine
and soon my broker told me
a million bucks were mine.
I left my dough in Wall Street,
I hadn't got a care...
Yes I put my dough in Wall Street
now I sell my apples there!

[TheWedabest]

This is what happens when the economy runs on speculation and emotions! A.k.a living in a fantasy land!!!

[BossCampers]

My hopes for this not being demonized are high as the stock market, but I know it’ll crash😪

[Brunomont]

This video was awesome! It explains a lot about how the U.S got into one of the most iconic "disasters" in economic history. I'm eager to watch the next two episodes. You guys are doing a marvelous job!

[annehersey]

I spent years as a Social Worker with the elderly. I can attest to Indy's comment that the results of the crash and ensuing depression affected generations to come. Most of my clients lived as if the next depression was just around the corner having lived and suffered through these events. Many of my clients had spent some time in orphanages because their parents were jobless and couldn't afford to feed them. Often, only a nursing baby was kept at home. Luckily most of these children went home when finances improved but their sense of abandonment was often still with them in the 2000's! My own parents would never think of investing in the stock market even in the 60's because of having lived in the depression. I love all your series and watch them all-often more than once! Keep up the good work! Skol!

[USSChicago-plfq]

My great Uncle was a banker during this time and lost his job and got hired by the IRS

[kennethbedwell]

I think it was John Wanamaker that famously said "When my shoeshine boy was giving me stock advice, I knew it was time to sell" America Sneezed, Britain caught the Flu, and Germany almost died of Pneumonia. Talking about affecting America for generations, my grandmother was a child of the depression and when she died in 1992 we went through her things and found almost $1000 in "egg" money socked away in drawers, coffee tins etc. It wasn't until my Grandfather passed away ten years later that we found almost $500 more in money she had hidden around the house. All because she trusted banks...mostly, but she wanted to just be on the safe side...just in case.

[cannonfodder]

That ending statement, man summed up the danger to come from desperate peoples so powerfully and succinctly.

An episode I have been waiting for, I must admit I know little about the crash of 1929 but very well explained Indy and team. Fantastic and informative work as always.

[TheStephaneAdam]

Damn, even the company names are familiar! J. P. Morgan? SERIOUSLY???

[stealmysunshine]

Everybody in every generation- "boom and bust is no more"
History - uh huh. Hold my beer

[Otokichi]

Bubble economies eventually crash, whether based on real estate prices or "margin trading."

[FrostySprite]

Wow! That speech at the end was fantastic.

[Kornet]

The best analysis I've ever seen of the 1929 financial crisis, thanks for the awesome quality of your content guys, we enjoy every minute of your videos, keep'em coming.. 👏👏👏👏

And if anyone from YouTube is monitoring the comments, get this to your bosses : " Stop Hindering any positive effort that can help elevating people's consciousness and intellect, you're losing your credibility by demonetizing, every interesting channel with serious content" ... 😒😒😒😒