What Happened After Black Tuesday
HTML-код
- Опубликовано: 5 июл 2024
- The younger crowd, and those in the older crowd who don’t remember high school history, might suspect that Black Tuesday was some sort of holiday-shopping event of yesteryear. Most people, however, recognize Black Tuesday-the day when the stock market crashed in 1929-as the start of the Great Depression. While the reality was not quite so simple and myths about the Great Depression abounded, there were multiple identifiable factors that led to the massive economic decline of the 1930s. October 29, 1929, stands out as such a clear and definitive beginning of the financial end.
#BlackTuesday #GreatDepression #WeirdHistory 
Развлечения
What is your favorite Weird History episode or topic?
Weird History do one about the dust bowl that happened to the Midwest please
If you're not solely focused on American history, you should do an episode on the Australian Emu War.
I would like anything about the Dutch history. I am Dutch and I would like to hear some good history about my country.🤣👍👍
Dooo cannibal island
The Chris McCandless or the Donner Party Episode as those were the first two episodes I watched
My great great aunt told me that it affected her so hard that she and my great great uncle took what money they had left and put it in shoe boxes until they died! They never trusted a bank for the rest of their lives and I don’t blame them
A lot of people didnt after. My great grandmother had a lot of money hidden throughout her house when she died. I think like 400 dollars.
Yes that's why Roosevelt started the federal depositors insurance corporation and insured the money in the banks, so people would feel safe putting their money in them. That's why we had to bail them out during the banking crisis, letting them go under would be a massive bailout to the depositors.
WOW!
Damn, shit got real.
@@StephanieMT 400 dollars in today's money or back then's money? Sorry I'm just curious
History has a funny way of repeating itself.
I heard someone say that "History doesn't repeat itself. But boy, does it rhyme."
You Historically stole my idea!
@Far East Creative Media no as in 2020
In my country 50% of the population is poor
Really never has, not even close.... 😉
Josephine Baker was American she just happened to be far more loved in France
That woman lived an interesting life.
Omg I live Josephine Baker! I read a bio on her and saw a 🎥 movie about her and her rainbow 🌈 tribe. Beautiful and strong soul... RIP Josephine Baker!
She was born in St. Louis. She just had to go to Europe to be accepted as an entertainer, and even as a human (this was the early 190's).
She renounced her American citizenship and got the French one. I think that’s why they refer to her as a French entertainer
Lmao like Ben franklin
The answer:
Black Friday
Lame
I can still hear Sell!Sell! Sell!
"The most devastating stock market crash in the history of the United States"
COVID-19: "I'm gonna do what's called a pro-gamer move."
"Hold my Monster drink"
The 225677th Fragment of the Man-Emperor of Mankind im gonna end this mans whole careeeer.
The deadly wound...
Let's hope not. I gotta admit things haven't been right since 9/11/01. And that was twenty years ago. This thing happening right now could set us back generations as far as living standards are concerned. Anyone who rents or doesn't own property outright is in big trouble I'm afraid.
@@jpmnky Things arent alright because our politicians are bought like prostitutes for wall street and CEOs. And the generations before were to blind to notice. Now we have trump vs Biden. It's funny remembering the propaganda we heard when we were children, about how the USA is the best. Fucking lies and of we don't do something this country is fucked! This is not hyperbolic, people really need to realize that.
1929: *Great Depression begins*
2008: *Great Recession begins*
2020: *Great Depression pt. 2 begins*
Missed a few great recessions in the interim.
2111: Great Depression pt. 3 begins
@@lastguyminn2324 eh, i only stated the ones the media likes to perpetuate the most!
What about the one in the 80’s and the one in the 1830’s
It's not Great Depression pt. 2 its
Great Depression 2 electric boogaloo
LOL IT REALLY IS THE 20'S AGAIN.
Hopefully we get a decade of extravagence before things crash again.
Fife to be honest it didn’t even feel like a week of extravagance before shit had hit the fan again...
I don’t see what’s so funny about a pandemic and the economy collapsing?
@@pauliedibbs9028 stfu learn to stay cheerful male Karen
Zachary Dackary Doc
As long as there no prohibition 2.0
I have "mattress money" to this day.
My mother would take the Xmas present wrappings every year, folding it gently to use the following year. That's Depression era attitude that still exists to this day.
Paradoxically, if all people suddenly started living that way we'd immediately get a depression
I keep cash in my safe deposit box.
My grandparents were kids in the depression . All of us grandkids used to make fun of them having months of canned food in the cupboard . The older I got and the more I learned ...I understood why . They also sewed up socks and underwear and never wasted anything . I miss them so much. They were very tough but stoic and brave. We need more of that in the world today
This is why I put all my money in Beanie Babies.
That way, at least I know my money's gone for good from the get-go.
What's the matter? Were they out of Pet Rocks and Mood Rings?
I’m still waiting for the pog market to come back.
HAHAHAHA
@@MrSpankee02 I have many tubes of pogs. When I was a little kid, my dad took me to kmart and a bunch of pogs were spilled out onto the floor. He said, "christel, put em in ur pockets!" And from that moment on I stole stuff.
I've got a Elton john Beanie Bear I'm holding onto just in case😎
Anything ... the narrators voice is my favorite voice ever.
My maternal grandparents lost $12,000 when their bank in Danville, IL. failed in 1931. (I don't know why he didn't withdraw it earlier, but he didn't.) He was a farmer and that was 25 years of savings for them. With 8 surviving kids, it was a terrible time for them.
That would've been worth almost $300k. A $1 was worth about $20 todaym
My grand-aunt was born on 10/24/29, she always blamed herself for the great depression. But that didn't stop her from marrying an entertainment mogul and becoming a multi-millionaire upon his death. Odd thing was, she was always a hoarder, so I think she had a very bad childhood during the depression.
how could she blame herself she wouldve only been like 4 days old
ha money printer go BRRRRR
@Zuza Zora money making machine go brrrrrrr
Thats the funniest thing I’ve heard ahahahahahahaha
Stock market n economy are worthless...ppl just not aware
@Zuza Zora yeah you can. you can destroy it by doing that.
Good video. That was the fastest eleven minutes I've been through.
Can’t wait for the weird history episode about COVID
Are you kidding? it's very close to happening now.
Yeah when the ending statement asked "could it happen again" I'm thinking are these guys paying attention to current events??
this might've been recorded before all of this even happened 💀
Be more worried about mass inflation than a depression with all the money printing we're doing
@@j.b.3502 Major facts...we may be on our way to Zimbabwe level inflation soon🤦🏿♀️
not even close, this was all about farmers and banks... sure most farmers today is republicans (or just Trump supporters not actual republicans) and most of the bankers is democratic (liberal and they view themselves as "progressive" the same way Hitler viewed himself as "progressive") that said i don't think the banks will try to seize up all farmland if farmers don't pay their loans like last time..
Covid-19 struts in, singing, "pleased to meet you, hope you guess my name"
Alucard Peach shut the fuck up with that corny joke already
Not funny,didn't laugh
I’m a man of wealth and taste.👹👹👹👹👹👹👹
Funny I did laugh
Mr. Satan sir.
"Pretty goddamn big"
Only way to describe it!
One pretty disrespectful way.
The Great Depression.....contrived by greedy, wicked men who lost nothing, but actually gained. They cared nothing for the common man who was totally wiped out. Human nature doesn't change. It's the same scenario now, with different players.
The great depression actually made many rich people poor and reduced the wealth inequality. In fact, that big inequality was a major contributor because eventually many people got too poor to purchase more products
@@tomlxyz yes, some lost entire fortunes, but some got richer. Many committed suicide because they just couldn't take it.
I would like the history of the Vietnam war
Fiona ditto
The U.S. lost. The end.
Go watch either the Ken Burns documentary if you want the full history or the National Geographic documentary if you want to go into full detail about the major battles.
@@elvis3634 the US didn't really lose we had no business over there. The Vietnamese lost to the Viet Cong.
@michael cluckey you’re spot on! If we lost, why is our Republic still standing?
Always wondered what was meant by the Roaring '20s. It was the stock market that was roaring and moving ahead.
Thanks for making awesome history videos! I’m a teenager and I love learning about this stuff, so your channel is my go-to
I’m a subscriber and I didn’t get the notification. Weird History, are you mad at me?
Never
Weird History ❤️
Press the bell
Ger - The bell has always been pressed. I think this is just a one time funky thing. Thank you 🙏
I'm not even a subscriber and I got the notification.
Would love a video on the Wright Brothers
First few seconds in and I thought it was a documentary
...but it is... WHC is an awesome source for mini docs :)
This is my favorite video so far, it's very well done and educational!
Thank you!
Can you do a video about the Great Depression?
History always repeats itself so if we are not careful it will happen again.
Thanks for another awesome video, take care.
@92laird You are either young, or naive if you think whats happening now is worse. Are you starving? Your basic needs are still covered, and you have access to RUclips and the internet still, so you obviously got luxuries.
@@neoasura unemployment predicted to reach levels of 30% by July says the fed. That's higher than in the great depression. Also doesn't count those who aren't looking for work adding even more to the percentage. So yeah, before you write a comment like that try to understand that people can't pay rent, don't have insurance (tied to their job), and prob have kids to feed let alone themselves. This is going to be worse, and it's people who are in your position to recognize that because you privileged enough not to be massively effected by this crash. People are going to die, and there's going to be bread lines, so STFU and rethink your position.
@92laird FDR made reforms like the FDIC that will pay 100,000 dollars in case any bank that payed the insurance closed.
Jacob Bowerman well said 👍🇬🇧
@92laird one thing I've noticed as I got older, the stereotypes about how Americans are stupid is surprisingly correct. I'm American, but the people running our country (CEOs and wallstreet) blantantly duped the population. We need to change leadership quickly or my country is fucked.
It would be interesting to know how the wealthiest 20 families came out of the crash?
So crazy how the country/world started to change seemingly overnight. I know nothing about the stock market and I may have missed something but I’d like to see a Weird History video on the days/weeks leading up to Black Tuesday? I guess what I wanna know is what happened to cause the stock market to crash like that? Was there something that could’ve prevented it? What exactly went wrong? What major moves were made in the 25 yr time frame to end the depression? Thanks so much for the awesome content.
Eventually everyone who would have wanted to buy already did, then the prices started going down a bit and people realized that it's not going up forever (which many actually thought at this point), then people start freaking up, pushing the price down further, eventually people who purchased with loans have to sell to cover the loans, pushing it down further. It wasn't really a one day to the other event how it's often presented. That day was actually not even the day with highest loss in history. It's just that it kept going down and down
There's lots of books to read and documentaries about those things
I love how today the stock exchange has a "circuit-breaker," a 15-minute pause in trading if the markets drop too quickly. Sounds just like what a daycare center does when toddlers get too unruly...and shows that the mentality of stockbrokers and toddlers are pretty much the same.
It doesn't do anything
@@rheechashaipu1927 Great points, I shall believe you immediately.
recent cases it was algorithms going haywire, not human traders
Thank you for uploading awesome videos, your content has been keeping me sane during this pandemic. I'd love to see more upcoming content!!! Stay safe, sir!
I heard working in Wall Street is the most stressful job in the world
Soldiers being shot at all over the world and watching their comrades die are punching the air rn
@@ownagenoobs1 this is true I have RSA in my family some from WW2
I hope your just joking right, I couldn't give a shit wall street and the gamblers who run it, even if I tried.
@@ownagenoobs1 Soldiers these days, at least in many countries, CHOOSE their jobs. It's far from the most stressful job around. Commercial fisherman is more dangerous than a US solider. I know it's not a job but being in prison is much worse. Especially if you don't have a release date. At least in war you have hope, some in prison have no hope. Without hope you are already dead except you are still breathing.
@@ownagenoobs1 Might be a surprise for you but a soldier's job is filled with boredom most of the time, regardless of historical period. Modern soldiers of developed nations rarely see actions and might never fire a shot at an actual target their entire career. Modern day stock exchange job? It's high pressure almost every moment you are awake.
And this is why baby boomers are the richest generation that has ever lived.
@Joe Smith Early Baby Boomers. The ones born towards the end aren’t doing so well.
I would say either the G.I. Generation or the Silent Generation were the wealthiest. The G.I. were children during the Great Depression and came-of-age/fought in WWII. The Silent Generation were children during WWII. If anything, they built their fortune by being miserly, saving, investing and working hard because they were extremely cautious since they were used to not knowing what was going to happen tomorrow. If anything their children, the Boomers, were lazy hobo brats whose suburban upbringing made them feel entitled and not-hardworking. Fortunately, the Boomer's "enlightened" state didn't make them as splurging as Gen X. But there are many similarities between the Lost Generation (who caused the Great Depression), the Boomers, and the Millennials. Perhaps the generation after Gen Z will go back to being more pro-establishment like the G.I. and Silent Generation.
@@AquilaLupus9 I AM a Boomer ... and I just want to say that you know nothing.
@@roberthenleynola Heehee. A triggered boomer. Groovy.
@@roberthenleynola OK BOOMER
I would like something on the Dust Bowl. The 1929 stock market crash was just the starters. The Dust Bowl made things REALLY depressing. It was created by poor ag practices and yes, CLIMATE CHANGE.
I can read or watch something about the big cities during the Great Depression. But when it comes to the dust bowl, I almost have an anxiety attack.
Yup. I like how people complain about climate change and the world getting warmer, but its actually been pretty cold since the 30s. And after this warming of the Earth, its gonna get EVEN COLDER. Climate change has its ups and downs, so you Democrats need to start using the term correctly!
@@prussianeagle1941 Yep.. don't listen to climate scientists who actually know what they are talking about.. just cheer on the fat oompa loompa with the blonde toupee.
@@0816M3RC Hahaha, I listen to climate scientists all the time, it's kinda hard not to. They have stated quite a few times that the world has it's cold periods and it's hot periods. Scientists play it on the Earth moving a few degrees away from and towards the sun. Our planet shifting just a few degrees away from the sun can have vast impacts on its climate. So mr oompa loompa, you gonna follow your lying, snooping, serial killer of a so called "leader" who has a cheating husband? Or are you gonna follow the party who's first president (Abraham Lincoln) freed the slaves? I mean really? When you get to name calling it shows you have the comebacks/thought process of a middle schooler. Sorry man, but have a great night!
@@prussianeagle1941 "So mr oompa loompa,"
Umm.. I realize that you were probably too stupid to come to this conclusion yourself.. but I am not even remotely orange skinned so trying to insult me by calling me that makes zero sense.
Nice try though.
"you gonna follow your lying, snooping, serial killer of a so called "leader" who has a cheating husband?"
I am assuming you are talking about Pelosi?
It is funny that you accuse her of lying even though politicians do that by default. Yes that includes your oompa loompa overlord too.
Hell I have lied before and so have you, technically we are all liars.
In fact here is a scorecard that is keeping track of Trump's lies. www.politifact.com/personalities/donald-trump/
As you can see he has quite a few under his belt.
"Snooping" is another weird insult.
I bet that if a "snooping" Republican had gotten some dirt on Obama when he was in office you and the other Republicans would be praising him.
"serial killer" Well THAT is an interesting accusation.
Do you have some actual proof or are you bullshitting me?
"Or are you going to follow the party who's first president (Abraham Lincoln) freed the slaves?"
WOW. Are you being genuinely ignorant about the fact that political parties change over time?
After 1912 the Republican party began a ideological shift to the right and by the 1960s they had switched with the Democrats. The South became Republican and the North became Democrat. The parties are very different today then they were in the 1860s. The fact that I have to point that out is pretty sad.
Also I wouldn't praise Lincoln too much, he only freed the slaves to gain a tactical advantage against the South. He even said that if he could win the war without freeing the slaves he would do so.
"Sorry man"
Not sure why you are apologizing considering you are the one who made a fool of yourself.
"but have a great night!"
Thanks I shall. :)
Would you be able to do a story on The Great Molasses Flood of 1919 in Boston.
I'd like to learn more about that from this channel.
Check out the History Guy Channel- i think he did a video on it.
These videos are so well made
Wasn't one of the reasons for the crash being that people went deeply in debit, buying stocks on credit?
Wow I guess this had a bigger and complex than we were told ! A far more interesting picture of the times. Thank you! 👍😊
“Why I haven’t been that entertained since the stock market crash of 1929” ~alastor (hazbin hotel)
.
.
I’ll show myself out
😂😂😂😂😂😂😂
I knew i will found Alastor’s quotes in the comment section.
“Sooo many orphans 📻😈”
Get outta heeeyah
Anastasia Phan happy to oblige 😂😜
Covid 19: I kinda miss the 20s, you know...
2020 stock market Crash: *let me introduce myself*
When people say that the 1920s were prosperous, were they prosperous for everyone or only for rich people? I suspect the latter. Because if ordinary people simply could not buy the goods that these companies produced and had been simply buying them on credit, why wouldn't that lead to a crash?
Got me some Disney and some Delta AIr. If I had put $300 in AAL in 2012 , would have $57,000 until a couple of months ago...
In the long term, the full-time professional investors basically get their profit out of the pocket of the amateurs...
No one cares
Save your pittance. Buy some seeds.
Lol no not even close more like 3300 bucks but what ever makes you feel better
Can you please tell us what happened after the covid-19 pandemic of 2020?
Yes, I'm being absurdist, but, damn, I wish you could.
“Triple gainers” FML. Lol.
“Pretty God Damn Big”
I don’t know why but that line always cracks me up!
The covid crash, the crash that just happened, would it have contracted the economy to an even greater extent if the markets didn’t close all the time, as they did? Like, it’s said the economy has contracted 30% overnight, practically.
Rachel Benge i guess imma feel what my great, great grandparents felt
The current crash would have been far worse if it's wasn't for the limit breaks that the current American markets use to pause or stop trading after too big a move, but the thing that really stopped the crash this time was the federal reserve being given the power to buy up not just bonds, but any assets it wants to an unlimited degree. It's completely broken the idea of a free market, but it did stop the crash.
The crash of 29 was an overproduction crisis.... nothing to do with the covid19 situation. When the companies reached a point where the goods couldn't be sold they were already in the shit.... now was just a crisis caused by an outside nuisance, unrelated to the business.
@The Irish Italian really not worried about the stock market I'm worried about unemployment. I couldn't give a shit about how much wall street is making.
@@mikatu a crisis that destroys service based economies (like the us) if there isn't too down action from the government. < And I believe neither Democrats or Republicans were ever ready for a crisis like this. We need new leaders not bought and sold.
How the hell can a bank just refuse to give you what money is still yours and simply shut down?
It just can't. The money was given to someone else. It's gone.
If they took 20 dollar each from 5 accounts, purchased a stock for 100 which then fell to 20, then only the first person cashing out will get money
No bank can give back all people's money, that's why bank runs are scary for the financial industry
Bank accts were not insured…no FDIC back then
“Can anything like this happen again?”
*Covid has entered the chat*
according to economists, the handouts to billionaires would have crashed it, even without COVID.
i wonder why the US spends billions (annually) on military labs....
These videos are a nice way to pass the time.
WH : Could America ever experience another catastrophic financial event like Black Tuesday?
Me : it's already catasthrophic nowadays
Eh...not likely. That's why we have breakers these days to halt trading if markets start shooting down. Basically to try to stop the snowball effect that caused '29 crash.
good shit bro
Howdy ‘Weird History Narrator,’ history seems to always repeat itself and this COVID-19 pandemic has been depressing to me since I’ve seen my 401K lose more than $100,000 this past quarter. Grateful that I am still employed but I did do what Rockefeller did, I increased my investment percentage to try to boost my investments. Hoping it’s a good move since I want to retire within 5 years. Thanks again for another great video and love your snarky narration since it keeps me coming back on Sunday; Weird History Wednesday; and on Friday.
Within 5 years the current drop to the markets should be a long distant memory.
Inflation might end up being a problem down the track given the huge amount of quantitative easing going on not just in America but around the world, but if your money is in shares then it won't be your problem.
Sorry to hear that, mate. I hope it all works out for you and all those who are taking the financial loss during these times.
that was not a wise move.
Same, boosting my stocks! Just hang in there! This is not 1929, there are way too many options to rebound.
Count yourself lucky, many others don't have this luxury.
The music was a great touch
Great video. What is the soundtrack? Sounds really nice
It would be interesting if you could cover Indus Valley Civilisation ( the cities of Mohenjo-Daro and Harappa )
Now a 1k move on the DOW is just another day
Very interesting information thank you
Is there a Weird History video exclusively on Josephine Baker??? Would love to see that one! ❤️
Covid 19:great depression part 2 electric buggalo wahoooooo
Electric bugaloo 🤣😂🤣
Step 2 The (Empty) Streets
HINT, HINT? We are in a everything bubble right now!!
Black Friday: Trump takes the Presidential title.
You guys should do a vid on the 2008 crash next.
“I haven’t been this entertained since the stock market crash of 1929! Oh, ho go, soooo many orphans.”
-Alastor
What was the cause of the big stock market crash of 1929?
Over inflated stock prices. Bubbles burst.
Everything bought on interest.
Credit expansion led to the over valuation of the stock market, pretty much the same thing that is happening right now.
ruclips.net/video/pU-uZztJEcQ/видео.html
Minimal regulation contributed the market's unprecedented rise, but also worsened its eventual fall.
Make a video about the pool of peace in belgium one of thw biggest miscommunications in ww1
As a Russian and Soviet historian, the Soviet side of this period, refered to as the New Economic Policy period, was considered one of the most economically and culturally successful periods in the Soviet timeline. It was supposed to be a period of transition to Communism via state controlled capitalism.
Ford and GE opened plants within the Soviet Union, willing to pay the higher wages if it meant making any money.
Very facinating stuff.
Glad to have you in our corner Sandman.
Good choice, thank you
I suppose “Black Wednesday” would seem to be the next logical step
I love your videos can you make one about Marie Antoinette
Thank You 😊
Please do an episode of Jessie Livermore the greatest trader in history. The 14 billion that went “lost” went to his pocket .And his great grand daughter is an adult actress.
Tell me more tell more!
Jack Anderson google his name his sons also wrote a book biased on his trades
Brandi Love, to answer the question.
The money never truly disappears, does it? I just gets moved around.
That moment when ur early and don't know what to comment
Hey weird history You guys should do a video about how Black Tuesday ended and a video about the 2008 stock market crash
Please do one on the dust bowl!
1:07 you said Black Friday 😉
Came here to say this and be a god damned hero
This video didn’t show up in my subscription list wtf
Yeah - WTF?!!
Weird History nothing makes sense anymore my Weird History friend
Same here
* COVID-19 has entered the catastrophe group chat *
Great Depression: Alright Imma head out now
Unsensibesenses thanks for this unoriginal comment. You’re like the 50th person to say this.
Enjoyed it
The current economic strife rivals that of the great depression. And people think we can just resume everything at once the moment we choose to do so. Unfortunately, the government is running out of funds, and that's money spent. People are digging into savings, and that's money spent. It won't come back overnight, and the damage is done, but we won't feel the effects for a couple months probably. Not until "the dust settles" and we see how many business have failed, and who still has spare change to inject into the economy to keep it rolling.
Well the thing is yes, we are in an economic depression, but it's no where near what happened in the 30s.
@@prussianeagle1941 although there is nothing fundamentally wrong with our economy, I wanted to make a point that we could damage it beyond repair if we aren't careful.
@@logankimmet3465 That's already happened sadly. It happened whenever that idiot president Woodrow Wilson agreed sign the Federal Reserve and IRS acts in to existence. And you know what? He had ALREADY AGREED to sign them in before he was even president!
Suicides were actually at a low in October when the market crashed that year.
People didnt have time to kill themselves
They didn’t have any money to buy something to off themselves with
Now that you covered did this topic, can you do a video on the Recession of 2008?
I keep falling asleep watching these videos because this guy's voice is just so friendly and soothing to me. Think my brain is still absorbing the info when AutoPlay is on?....ha!
But seriously tho.
It could be argued that we came awfully close in 2008, when the economy nearly bottomed out completely, and we went into our worst depression since World War II began. But even then... we were never truly in a "great" depression. Simply one of the worst ones, in the past century. It was a hard financial hit, but at no point did it feel like our economy was completely going down in flames, as it surely must have felt, to most Americans, in late 1929
But no, I don't think we're due for another Great Depression. At least not on the scale that we suffered it, in the 1930's. The Great Depression was really the result of SEVERAL problems all coming together, at virtually the same time, and causing a complete financial panic, across all walks of life. The Great Depression was a historic singularity, involving an entire series of economic "catastrophes" all happening, at virtually the same time, in the United States. It was also the result of America never being the financial leader of the Western World before World War I. We simply had no idea how to function, in the wake of the Stock Market Crash. Sort of like how a young deer crossing a busy highway FREEZES, when it sees a car barreling at him, even though most seasoned animals would know to get the fuck out of the way.
Also, there did not exist any of the protections, that the Stock Exchange built up, in the wake of the depression, in the 1930's.
There will always be economic downturns in the future. But far too many safeguards are built in place now for there to be a catastrophic collapse, like on Black Tuesday.
Great Depression: Well hello there, Zoomers and Millenials!
Hoover did intervene, Murray Rothbard wrote about this extensively in his book Americas Great Depression. I have many issues with Rothbard but this book is fantastic
I remember going into the office the day the market fell for COVID-19. As soon as I got on the phone it was straight chaos.
Hey also there would be no Enclosure Dam in the Netherlands without this market crash.
Back then the dutch government didn't had that much ideas how to stimulate the economy except for the plans this guy Lely came up with.
And they decided it would be a cool idea to build a large dam and create a new really large polder called the Flevopolder.
It wasnt a new idea but they just decided it would be a good time to try it on a industrial level.
Later this land it became one of the most fertile of Europe and a lot of experts say this is the reason why the Netherlands is the second largest agricultural exporter.
So long story short: Shity crisis gave a country on the otherwise of the world more reasons to destroy the local ecosystem just to get even more filthy rich in the future.
Hooray Polders!
1930: Dow Jones went down 1000 points in 1 day
2020:Pathetic
Alastor from Hazbin Hotel be like: "Why I haven't been that entertained since the Stock Market Crash of 1929. Hahahaha..., Sooo many orphans."
Thanks for reminding me how long 25 years is. I would’ve forgot if you hadn’t mentioned it the third time.
This is really interesting, i only knew about the wall street crash from history on the weimar and nazi government
same my school only taught us that but we did do one lesson on Britain as well
Where’d all go to school????
Nicholas Rueckert england 😂
The real question is who bought at the low?
Market crashes are a chance for the rich to buy low, ride out the storm and have stock/property once industry improves again.
Anyone could buy at the low not just the rich u stupid moron
What Rockefeller actually did.
Smarty Jonez um actually majority of those who lost their life savings in the crash would disagree, what money are they going use to buy at the low?? The thousands of dollawrs they LOST AT THE CRASH? Yeah thats what i thought.
You clearly dont understand basic math let alone finances your probably broke af.
dont comment again until you know what your talking about k toots?
"Triple gainers to their deaths..."
😂
Oh man, I'm going to hell for laughing at that. 😅
Well you certainly have a unique pronunciation of Riordan. I thought id heard them all in my 33 years but you've come up with a new one.
"Hoover was a little slow to react to his country's collapse."
Trump: Hold my golf club.
Goinggoinggone123 The DOW is up 700 points today there is no collapse
You obviously get your info from CNN or MSNBC. But it's not true. Trump banned travel to China back in January. He was criticized by Joe Biden, Nancy Pelosi, and the media. Nancy Pelosi even went down to Chinatown and said " everybody come out here. "
@@vjs4539 You obviously get your info from Trump's tweets. Firstly, he didn't ban travel to China in January, he only banned some immigrants in specific circumstances from coming to the US from China. Secondly, that alone isn't anywhere close to actually acting on the crisis. Banning some immigrants from China did NOTHING to ramp up production of testing equipment, aligning federal and state officials on policy, etc. That moron you support kept calling the media's response a "hoax". Hell, just this weekend he urged people in states with Democratic governors to "liberate" themselves and join corona protests, something NO health officials or medial doctors advise. How can you not see that man is stupid and has not (and currently doesn't) take this seriously? At some point you have to take off your partisan hat and put on your AMERICA hat and ask yourself, "Am I foolish for supporting this idiotic tv game show host to lead our government?" That man is too stupid to be president, and deep down, you know that's the truth. Don't make excuses for that moron.
Bet you cashed that check though didn’t you 😉
@@Lcmr1997 Yep, the one passed by the Democratic House of Representatives and Republican Senate. You know very well that Congress wrote that bill. Are you seriously going to suggest that orange moron you support was deeply involved in the negotiations? Just because the Idiot signed a law that smart adults actually wrote for him doesn't stop him from being stupid. He's still the same moron who downplayed the virus for weeks, calling the media response a "hoax". You know deep down that Donald Trump is too stupid to be our president. Why are you lowering your standards to accept his total lack of preparedness and leadership?
Alastor " ahh the 20s haha sooo many orphans "
yuli gamein Alastor
@@anastasiaphan4202 ohhh how right you are good friend..corrected
The music though gotta love that sad jazz
My grandmother wasn't going to be born until 1937 and my grandfather was 2 at this time. I believe that this Coronavirus pandemic will notch a place in history for shutting down schools and jobs for months and the market taking a hit too.