How did the Great Depression Actually Happen?

We are heading towards another market crash, because with the tariffs are supposed to go eat up, and mass deportation that Trump wants to do

I have always read that Nixon was the president that took the U.S. of the gold standard in 1971. Why is it stated that FDR did it?

The reason why the great depression is going to happen again is Trump!!!!!!

What a right winged take on reality.

U put the City beside Kansas next time

Good Explanation. In Brazil, they teach us in school that this crisis was a failure of capitalism. Shallow as that. And do not mention the monetary, real reasons for it. Thank you

Im 68. I once asked my dad who was born in 1915 what it was like for him during the great depression. He shrugged his shoulders and said not much diffrent. Still had his job at the hat factory in perth amboy nj. Guess alot depended on where you lived at the time.

Well thanks. Now I can rest easy with the knowledge that I did not know what really caused the Great Depression.

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I thought I read somewhere once that people were buying all the stocks that they could "on Margin". Getting loans against anything that had equity with a bank to buy even more stock on credit through a brokerage. When stocks became worthless you lost more than just the investment, you had to pay the margin and any other loans you used to buy more stock. In other words, you would lose your house, your farm, your everything.

THIS IS SOME MAKE THIS STUFF UP AS YOU GO EUROPEAN WHITEMARE ENSLAVING THE HUMAN POPULATION 👏

Bad history. 1929 is when the depression began. Pathetic.

Sorry, it wasn't the Crash of 1928; rather 1929 for dates you offered!! Only a year off... RedBlack

Take a republican to crash the economy and wait for a democrat to fix it ex:hoover/ Roosevelt, bush/Obama, trump/biden whos next?

One thing never identified as a huge underlining issue was the peak coal production in the US in 1928 (while oil was taking over it was still a huge coal based economy at that time)

It was President Nixon who removed the U.S. from the gold standard in August 1971, not FDR.

Our fractional reserve fiat banking system ia a scam! We would be better off having our currency backed by gold, not IOU notes.

Poor video. You can't explain the Great Depression without talking about the collapse of the money supply and the role of the Federal Reserve. Understanding economic history sometimes requires you to learn a little economics...

The Great Depression caused WW2 These Tariffs caused depressions globally not just America and Germany was especially hard hit with massive unemployment, an outspoken German WW1 soldier led the battle cry gained a massive following and was eventually elected as head of the German labor party because he was so vocal against the lack of jobs in Germany and had a hatred of Americans Wall Street banking and stock markets and the people who ran it. Including Americas allies, After stewing for years In 1938 Adolf Hitler attacked Poland and the rest is history. Who would have thought Hoover and FDR’s bad policies would trigger such a backlash, the stock market was looked at by outsiders as a fake criminal enterprise to rob people created by the wealthy like crypto today. We are in a similar situation now with Biden bad economics lets be proxy war enablers to boost a bankrupt national debt

Anyone else been getting a lot of left wing propaganda in their feeds since the election?

Through organized elitism...and a fantastically brain dead society...just like now

An now we have a president who is determined to levy huge tariffs on imports while trying to throw millions of people out of the country. Both of which economists universally state will throw the U.S. into a new depression. 😢

It was October 24, 1929, not 1928.

True, World War II ended the depression in the USA. But there is a problem. The USA was forced into WWII by the Japanese. Its economists of the day did not succeed at resolving the depression. Only sudden demand for various products did, and the rest of the world could not fill the gap. Today, the rest of the world has a lot of surpluses that are absorbed by the USA. But, does the rest of the world need the American goods. They are expensive and of lower quality. Just look at the EV.

In Australia we're watching the newly elected president closely.
Perhaps he might listen to the warnings of tariffs this time?

YEP, Trump going to bring it back. HE DIDN'T learn from the last time in WH.

My dad's father owned a neighborhood grocery store. Dad said if a farmer came by with a load of potatoes his dad would take his keys so he couldn't drive away, and they would sell the whole truck load. Dad said the problem was you couldn't get enough food to fill the store. We still dish towels made from cloth bags that dry goods came in.

FDR did not help the American people. He stole all their gold instead

The great stock market crash didn't happen in 1928 it happened in 1929. I know because my father was born 2 days before black Tuesday.

Hictory to atjeh😗

🇺🇸 2025 🎉

Glaring typo on the year, twice. Should have reuploaded, man.

“THE FACT IS THAT A FOOLISH DUMPING POLICY IN INDIA IS DISRUPTING THE MONETARY SYSTEM OF HALF THE PEOPLE OF THE WORLD AND ADDING TO THE STAGNATION OF TRADE EVERYWHERE. THAT IS THE DIRECT CAUSE OF THE WORLD DEPRESSION. THIS DUMPING AND THREAT OF UNLIMITED DUMPING DOES NOT ONLY CUT IN TWO THE BUYING POWER OF HALF THE PEOPLE OF THE WORLD, BUT IT HAS DESTROYED THE CREDIT OF EVERY SILVER USING PEOPLE.” ---Nevada Senator Key Pittman, New York Times, May 18, 1931, page 12. The Money Power in London dumped hundreds of millions of silver ounces on world exchanges, sourced from melted rupee coins and the UK coin melts of the 1920s. Stock crashes DID NOT CAUSE THE DEPRESSION!!! There are legions of "experts" intentionally spreading mythology!

Problematic government interference… historically the democrats invent and nurture the fed…

FDR is a scumbag.

Funny, you do not put blame on the robber Barons and the republicans but you point out the new deal having objections. We are in the same mess due to the republicans deregulation corporations and breaking g up unions. Your presentation is crap.

The Federal Reserve was formed in 1913 and 15 years later the Market crashed.

I thought it happened to give the underlying theme to Wizard Of Oz.... Great movie, and how good was Judy Garland. ❤

sooooo tha fed has been fuccin shit up for what 95 years now😂😂 mann its time to get them outa here!! take it bac to tha gold standard

*1929*

Let me get this straight. Stock market sky high and the incoming president ran on creating huge tariffs? It is almost like he wants to tank the US economy.

Napoleon Hill wrote the quote “… is fear itself” not the president. That said i would love to have legit presidents like FDR back.

American Socialism!

Women voting

Federal Reserve 99% to blame and needs to be abolished

I first thought would agriculture problems partly caused stock market to buckle

The current $35+trillion debt the government (not us) has accumulated, now has $2.96Billion/daily interest rate just to keep it from growing anymore (which we all know will continue to grow if left unchecked). January 20th can't come fast enough.

1929 not 1928