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Historian Stephen Davies names three persistent myths about the Great Depression. Myth #1: Herbert Hoover was a laissez-faire president, and it was his lack …
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This video is pure Revisionist BS. I’ll bet a dollar he’s a Libertarian. ?
Okay I’m sorry I just can’t ignore that, “Britain’s economic depression was
over by 1933 and enjoyed rapid economic growth from 1931 onward”.
Orwells road to Wigan Pier was written in 1936, this book documented his
investigations of the bleak living conditions amongst the working class in
the north of England during the depression. Also the The Jarrow March which
was a protest march against unemployment and extreme poverty suffered in
North East England during the Great Depression was in 1936.
So please don’t try and tell me the depression was over in Britain by 1931,
it is a lie sir, not only that it is a vile beastly lie, deliberately
ignoring the facts and sufferings of millions in order to fit a skewered
economic theory based solely on cherry picking and ignorance… ?
I do disagree with some of this man’s points, but then again he is british
so he is probably right. ?
Great video! I am loving Learn Liberty! There is hope for us!?
wealth is not just measured in government revenue but also the income of
the population. WW2 lead to the employment of millions in the USA and
industrial expansion.?
Where are your citations??
Why? because I hate youtube soapboxes. They promote ideological circle
jerks and misinformation more than they actually inform anyone. No sources
are cited in this video, furthermore, Do you honestly believe military
production can’t be tied to wealth? Especially from nations who are in the
business of selling military hardware? lol
Rather than attacking the sender, please explain what is wrong with the
message? Are the facts wrong? Is the analysis faulty? If you just attack
the sender, I suspect the message is true.
The Great Recession was caused by government housing policy, an absurd
belief in increasing real estate value and unfortunate monetary policy. The
war and/or fiscal policies were irrelevant in the recession.
I smell libertarian propaganda. A quick Google search on the word
“learnliberty” confirmed my suspicions.
Lol, this video reminded me about how bad my history teacher was and how,
during the unit about WWII, was trying to tell the whole class these three
myths, or “facts” as she would refer to them as
I agree.
Yes, it did start in the 1930s. But FDR policies made it far worse. If it
weren’t for WWII, FDR would’ve been one of America’s worst leaders.
You are talking about WWII, I was referring to WWI which the U.S. became
directly involved in (sending troops) in 1917.
Read what the rest of us were just talking about, war is not good for an
economy unless the nation is not involved. WW2 was only good for us at the
beginning when we were selling weapons to everyone while they destroyed
themselves before Japan bombed us at Pearl Harbor and we got involved. The
War in Afghanistan was just us invading a country and destroying each
others wealth, China also made off with the fuel refineries, we didn’t even
get the oil out of it. It really is not hard to grasp.
Pardon me then.
Yes that is exactly what I just said, and we didn’t enter the war until
December 7th, 1941, the Great Depression had started in the 1930’s, it
appears both Learn Liberty and the rest of people are cutting out half of
the story, when in fact the two sides go hand in hand, it is important that
people understand what really happened.
I believe you are making a fundamental mistake here. Direct involvement in
war is not beneficial to the economy; it truly is a drain on resources. We
were already one of the (if not the) biggest weapons manufacturers in WWI
when we sold weapons to every power involved. This of course stopped,
however, when we actually decided to fight.
If war creates wealth like WW2 (which is something most liberals agree to)
then why were they accusing Bush of putting us in a recession because of
his war in Iraq and afghan?
This video, is complete bullshit, and you know why? Because World War II
did get us out of the Great Depression. We became the worlds largest arms
manufacturer overnight, we were even selling guns and ammunition to
everyone and even the Nazi’s before Japan’s surprise attack on Pearl
Harbor. And the other country’s being at war destroying their wealth made
America rich in comparison too. I swear Learn Liberty has some sort of
agenda behind it.
i’ve seen this ad a lot and he’s always came across as a dick to me
Love it.
I need to learn more about american history.?
?
So, as we continue in what many are calling the “Great Recession” what
lessons can we learn about the government’s current actions? If the “New
Deal” actually prolonged the depression, is it any surprise that we are
about to “double dip?”
One final question: Does NO one remember the Carter Era? I am tiring of
people telling me this is the “worst economy since the Great Depression.”
Let’s recap: Under Carter we had:
1. Double Digit Unemployment
2. Double Digit Interest rates
3. Double Digit Inflation
(or at least close to double digits in each…)
Where are we today? The only one close at all (on the national scale) is
Unemployment.
*sigh*?