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A Great Depression lecture, designed for United States History classes preparing to take the NY State Regents.
Overview of the Wall Street Crash in 1929 and the subsequent Great Depression.
Video Rating: 5 / 5
Mainstay Emergency Food Rations 2400 Calorie Bars, Enriched with Vitamins & Minerals (Pack of 3)
yup, totally agree. This guy wants to be negatron.
Dude u look like Elton John ..
Keith, awesome work. Very well laid out. And yes, min. wage has been
stagnant for quite some time and the cost of living has been steadily
increasing since Katrina in the south. We are also experiencing massive
cutbacks to work hours by countless employers, but that didn’t really start
until last year. keep up the good work.
nice job ,well done ,thanx
You really have no idea how much you’re helping me study for my tomorrow
American history exam !! Thanks mate 😉
@honduras166 You are right except we were fighting against Fascism not
Communism (that comes after the war… watch Cold War Part One lecture) Any
how, most historians agree that while the New Deal helped us survive the
great depression without major revolution, death, etc… it was the war
production (gov. spending…. which is what the new deal really was too)
that got us out of the Great Depression. So technically yes you are right
but the answer is a bit more complex. Thanks!
In canada they had a depression to but theirs was going away by the late
30s while ours was getting worse. did that have something to do with the
fact they didnt have a new deal? shouldnt your perscribed solution work? at
least occasionally? obama hasnt fixed the economy either. You’ll just say
“it could have been worse” like a medieval doctor..”if I hadnt drained 2
pints of blood out of you, then you’d be even sicker!” really!?! My offer
still stands, if you want to learn the provable truth
although I took out 35k in loans too. lol #ouch
Please explain to me how stagnant wages cause economic turmoil? Common
sense tells me that stagnant wages are only bad if the Federal Government
decides to inflate the dollar. And even if it is true that there were
stagnant wages in the 20’s then why would the 20’s be referred to as the
“Roaring 20’s” if it was economically despairing?
Typical Keynesian explanation.
I believe the increase was after the crash not before and I would argue the
margin buying became much more commercially used by the middle class in the
twenties….. And when you say most economists…. I am wondering your
operational definition of “most”. And a member of FDR’s admin… just one?
You make good points, and I stand corrected on the start of margin buying
and I am not discounting your thesis however I would say the debate is def.
not settled. thanks for your keen insights.
I seriously want you as my history teacher!
Taxes remained above 70% until when, the 1980’s and low and behold the
economy still grew in the 50’s and 60’s. Government investment in
infrastructure not only spurs demand and hence supply and business
expansionism but sets the parameters for a healthy transportation, health
and education system. I get what you are saying, I just fundamentally
disagree. I can assure you we give Adam Smith as much credence in class as
Keynesian economics. You are a smart guy, I enjoyed chatting.
He was not an anarchist Capitalist..in relationship to where the
Progressives were going he is much more of a capitalist…. I am speaking
within the boundaries of the political parties in power. There will always
be true libertarian capitalists, just like true socialists. … but they
don’t play in the game of politics, they exist on the edges. Maybe that
will change but right now it hasnt. . this is a history lecture, not an
ideological lecture.
awesome videos. wish I had a professor like you
omg thank you for posting these video lectures. please move to california
and teach my ap us history class! =]
I can produce goods for people with no money. By giving them a job.
you are such a likeable person, if I pass my history exam tomorrow, you’re
the reason. You Jesus man you.
:)!
BTW, Hoover was NOT laissez faire. That’s one major falsity in the
curriculum. Hoover created a huge fiscal stimulus, increasing government
spending by almost 50% in 2 years. Hoover was a staunch interventionist who
supported maintaining wage rates and stimulus plans to attempt to fix the
Depression. To say Hoover was a laissez faire President is to claim that
Obama is a laissez faire President. In 1932, Hoover bragged about how much
he had intervened to save the economy.
I do not live in a world of absolutists. In the general understanding of
gov. action, he took little action directly. Tinkering with pro business
policies like tariffs and subsidies is a distraction from the larger idea.
If you are one of those Ron Paul Fed people, there is no sense in arguing.
You can win.
I now realize my last comment could definitely use some rewording; I was
just curious if there’s some consensus among you and other HS teachers that
something like the death of Ben Strong was important, and whether something
like that is worth mentioning in an AP course. I do have some libertarian
leanings, yet I think some “libertarian” depression theories are crazy! HS
curriculum shouldn’t include those theories. I enjoy your videos and thanks
for your efforts to enrich HS student’s learning!
Much of the middle class was born out of the union movement (my dad worked
in a lumber yard and was able to send me to college on a union salary) and
much was the growth of gov employees (post office, military, bureaucrats)
and like you said self employed…. but its a mix, nothing is pure in this
world of layers.
That has nothing to do with my comment. Disregarding that fact, I feel that
someone may have the right to steal my money, given the circumstances. If I
stole from them originally, then yes they have the right to steal back. If
I have more than I need and they can’t survive without it, then yes. Again,
I have no clue where that question came from, so excuse my lack of context.
Again simplistic but also generally true. Are there more complex
explanations that rely on the inner working of corporate capitalism? Yes.
Just not for my 11th graders quite yet. Seems you could write the regents,
I am sure taking it will not be a major problem. In ten years I have had
perhaps 20 99’s, never have seen the 100. Good luck getting it!
Interesting but I want to know why