vue - The Great Depression: Crash Course US History #33

1. Oh great, another Keynesian idiot... A 'banking crisis' happened around 1907 too, but it was over in two months when JP Morgan lent banks his money, knowing that he would get it back once the crisis was over. Then came the Federal Reserve in 1913, which fucked up everything by dumping money into the economy without any actual creation of value, thus making credit artificially low and sending false price signals to businessmen, who assumed that the economy was showing real growth. This is what led to the Roaring '20s, and PRECISELY what created the inevitable bust. Nobody, save a few economists like Mises saw it coming. It was basically a confirmation of the Austrian Business Cycle theory and a damning indictment of Central Planning.
   The bust needn't have led to the Depression, but the Government being oh so wise decided to increase spending and go into massive deficits to fund it, and doubled income tax, reduced tax benefits, and ignored the gold standard, which led to Capital Flight, hence crushing the once free market.
2. Anyone else see the Soup Nazi from Seinfeld at 4:53?
3. Gee, think we are on the precipice of this happening again? Guess with will find out when the market opens tomorrow at 9am EST, first day of trading 2017...
4. lesson here dont use credit
5. Keynesian socialist leftist apologist you are, Mr. Green.
   
   We are one the verge of another crisis, and once again, the economically ignorant masses will blame the crisis on Trump, like they did onto Hoover in '29. Even though it was a mix of both Republican and Democratic president's fault in the past few decades that caused the crisis. Then, the magic angel Gabriel in the masses view (FDR back then), will appear and with a bunch of socialist policies and central bank's backing, will create a phony recovery that funded and created by more debt and stealing wealth from places where actual wealth still exists, and socialism/big government will be praised, while they will blame and mock capitalism.
6. as a customer living in australia, the only thing i buy that might be australian made would be food. thats it says a lot as everything else is made from somewhere else
7. This is an incredibly broad topic, and you did an amazing job shrinking it down to the bare bones. One of your best videos yet. Thanks team!
8. Wth
9. Hi
10. glib John Greene with a dose of true economic idiocy... please go back to non-economic theories about non-economic events... to seriously cite Keynesian economics as the theoretical framework of successful international financial operations is breathtaking in its stupidity... please try to educate yourself on the work of Mises Institute and the School of Austrian Economics... the PRIVATELY OWNED "Federal Reserve" -- along with the network of central banks throughout the Western economies -- is the engine of globalist monopoly capitalism and, ultimately, the artificially created cycles of expansion and contraction that keep the rich enriched and getting richer and the rest of us progressively impoverished... the system has long been rigged, John , and we the people must wrest it back for our collective sakes... your shallow and misinformed analysis does all of us a great disservice...
11. If the Great Depression had lasted one century, it would have been Great for the planet.
12. What caused the Great Depression? Fractional reserve banking. That's it. No other analysis is needed. Those banks went out of business because they were mismanaged and made improper loans because they weren't tied to the gold standard. Do yourself a favor and read "The Creature from Jekyll Island".
13. SPEAK ENGLISH
14. The reason this dude failed as a president is because he held too many leftist views.
15. This haircut looks good on you!
16. Was doing great until mid way threw. I love you John but I wish you would approach your topics with far less bias... Its unfortunate because most people will never care enough to see the other political spectrum due to the how the education system is borderline political brainwashing at this point. Anyways what I am trying to say is that I appreciate your work on theses videos but it is far more enjoyable when you do not show your obvious and sometimes a tad unfounded political options and inject them into your lessons as if they are not opinions but simply facts since much of your audience does not already know the topic and would likely tend to absorb the msg as if its not political opinion but simply the way of things. -Best wishes,
17. So hoover wasn't experienced in government so we can grill him while half of America cheers for our inexperienced president-elect... interesting.
18. it would of never happened if Hoover didn't fiddled with the economy that much.
19. Haha, loled at the part when he said that economists try to prevent the great depression from happening ever again. Look it up, these economical crysis are deliberately made to increase the wealth of the NWO elites.
20. 5:29 dr who