The First New Deal: Stemming the Tide of Depression in 1933

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  • เผยแพร่เมื่อ 2 ส.ค. 2024

ความคิดเห็น • 649

  • @rodchallis8031
    @rodchallis8031 3 ปีที่แล้ว +195

    Repealing the Glass-Steagall Act was a collosal error that has yet to be meaningfully corrected.

    • @rodchallis8031
      @rodchallis8031 3 ปีที่แล้ว +28

      @GeneSun , I have always considered myself a Social Democrat. I believe some things work better from a collective standpoint, and some things work better from a capitalist standpoint. I don't have much of a beef with banking or investment, at least I'm not ideologically opposed to it. Like insurance, it has an important role to play. But overriding all that socio economic philosophy, no matter which side of the "socialism vs. capitalism" divide we are on, we should all be able to agree that NO ONE should be above the law.
      Lehman Bros and others should have been taken out to Times Square and had the skin flayed off their backs for what they did.

    • @ethelredhardrede1838
      @ethelredhardrede1838 3 ปีที่แล้ว +10

      @Shane Lackey
      What a load of BS, the few problems that it has caused were due to ideologues refusing to use the power of the Fed which has resulted most of our many recessions. Putting you ideology over practical results is stupid.

    • @jcsv12345
      @jcsv12345 3 ปีที่แล้ว +20

      @Robert Sears being a social democrat is not communism, literally most European countries and commonwealth countries are some sort of social democrat, progressive or not...

    • @ethelredhardrede1838
      @ethelredhardrede1838 3 ปีที่แล้ว +6

      @Robert Sears
      Wrong, there has been at least one actual communist government that was voted into power, Chile and then Nixon worked to overthrow that legitimate democratic government.
      Whether it would have remained democratic is impossible to know. There is nothing in the concept of communism that makes a democracy impossible. It would still be a bad system, as would be a Libertarian government. But for that, we DO have present day example. Somalia.
      Both systems are not for human beings. Maybe some sort of alien species could manage either.

    • @rhynosouris710
      @rhynosouris710 3 ปีที่แล้ว +9

      @GeneSun I normally don't approve of public hangings, but in the case of the entire Lehman Brothers board, I'm willing to make an exception

  • @drfarrin
    @drfarrin 3 ปีที่แล้ว +32

    My old HS was built with new deal money. Elanore Roosevelt even came out to see it just a few days after it's dedication. She was supposed to be there to be the guest of honor for the ceremony, but there was some kind of schedule issue and she couldn't make it in time. The original hand cut stone is still there along with clock tower mounted to it, the original building is still there, and any time the school is expanded (due to population growth), it is required by state law that the new sections' exterior must match the theme and look of the original building. It is an active school AND historically protected building. The school is still open with a population of about 3,500 students in grades 9-12. The library has historical artifacts from the time including original photos of the previous building, the "new" construction (from the air), photos of the students, and even a Majorette's uniform and baton from the time. They also have class photos from every graduation class the school has ever had from the original class of three students to today's students. It really needs to be in its own small museum, but the school district doesn't want to bother with the expense of a new building and curating the materials.

    • @CarolineFarrow
      @CarolineFarrow 3 ปีที่แล้ว +2

      mine too! As was the courthouse IIRC

  • @amberdamber7
    @amberdamber7 3 ปีที่แล้ว +26

    "I don't think any America would argue against this wishlist" LOL oh Simon, if you only you knew.

    • @Jay_Frank
      @Jay_Frank 2 หลายเดือนก่อน

      I came to say just that.

    • @amberdamber7
      @amberdamber7 2 หลายเดือนก่อน

      @@Jay_Frank I have no memory of this video or making this statement, but I'm glad you agree with whatever I said

    • @Jay_Frank
      @Jay_Frank 2 หลายเดือนก่อน

      @@amberdamber7 Fair

    • @amberdamber7
      @amberdamber7 2 หลายเดือนก่อน

      @@Jay_Frank I can tell you aren't American by the fact that you didn't immediately start arguing for no reason whatsoever

    • @Jay_Frank
      @Jay_Frank 2 หลายเดือนก่อน

      @@amberdamber7 No, I'm American. I'm just not bat shit insane xD. Have a good one =)

  • @jacobdrum
    @jacobdrum 3 ปีที่แล้ว +48

    Interesting follow-up video could be how the New Deal has been dismantled, as alluded to in the Glass-Steagall section.

    • @erikroberts3545
      @erikroberts3545 3 ปีที่แล้ว +5

      YESSS! I concur.

    • @yt.personal.identification
      @yt.personal.identification 3 ปีที่แล้ว +4

      I watched it thinking this is what many countries could use again...and highlighted the flaws in the current systems.

    • @mrrogersrabbit
      @mrrogersrabbit ปีที่แล้ว +1

      I wish the New Deal was dismantled. Unfortunately, we're still suffering from its effects generations later.

    • @jacobdrum
      @jacobdrum ปีที่แล้ว

      @@mrrogersrabbit I mean, it is theoretically possible to dismantle everything the New Deal gave us (aside from the millions of lives it saved that have since passed on). I just don't think it would be a wise investment to tear up the roads, break the dams, and de-modernize the nation.

    • @Jay_Frank
      @Jay_Frank 2 หลายเดือนก่อน +1

      @@mrrogersrabbit Ah so you want corporations to have even more power and control over the average worker.

  • @FlintTD
    @FlintTD 3 ปีที่แล้ว +16

    3:22 If those numbers sound high to us today, that's likely a sign of a big problem right now.

  • @martijndaem4074
    @martijndaem4074 3 ปีที่แล้ว +114

    Idea for a Megaprojects video; the human genome project, a fascinating science project

    • @caleblarsen5490
      @caleblarsen5490 3 ปีที่แล้ว +1

      Man you are relentless! And I will like this post until it gets done.

    • @martijndaem4074
      @martijndaem4074 3 ปีที่แล้ว +1

      @@caleblarsen5490 thank you very much ! thats realy nice of you to wright this ;-)

    • @theknifedude1881
      @theknifedude1881 3 ปีที่แล้ว +1

      Yeah, let’s do the Human Genome Project. Please.

    • @SecurityMonitorLizard
      @SecurityMonitorLizard 3 ปีที่แล้ว

      I honestly never even thought of that one. Great idea!

    • @imajokerimasmokerimamidnig7442
      @imajokerimasmokerimamidnig7442 2 ปีที่แล้ว

      The human genome project ? Hmmm ,time for me too go research 🤔

  • @pmgn8444
    @pmgn8444 3 ปีที่แล้ว +14

    A video on how the great depression affected Europe and the rest of the world would be in teresting.

  • @joseph12115
    @joseph12115 3 ปีที่แล้ว +27

    The US Interstate highway system

    • @Inazarab
      @Inazarab 3 ปีที่แล้ว

      @I OFFER YOU THIS An oversimplification but mostly true.

  • @ManuelMonster19
    @ManuelMonster19 3 ปีที่แล้ว +68

    Simon, maybe a Megaproject or Sideproject on the Arecibo Telescope that collapsed last year.

    • @TheDevilsAdvocate.
      @TheDevilsAdvocate. 3 ปีที่แล้ว +3

      Yes! Yes! YES!!!!

    • @fatalfury66
      @fatalfury66 3 ปีที่แล้ว +3

      th-cam.com/video/h6zKOVzY5VU/w-d-xo.html he did an episode on telescopes yesterday. He mentions the Arecibo telescope. Its not the largest so i doubt it will get its own episode, but its still a cool one

    • @ManuelMonster19
      @ManuelMonster19 3 ปีที่แล้ว +3

      @@fatalfury66 Yes, I saw that but it should get it's own episode of Megaproject or Sideproject. The FAST Telescope wouldn't exist if not for Arecibo.

  • @lyman6
    @lyman6 3 ปีที่แล้ว +31

    I have a suggestion, though I'm not sure how well it would fit into the format: the Two-Ocean Navy Act of 1940, and the effects thereof, such as the Essex-class Fleet Carriers.

    • @ethelredhardrede1838
      @ethelredhardrede1838 3 ปีที่แล้ว +2

      @Ty Vsd1337
      How about you post something that is less of a waste of bits.

    • @woody4077
      @woody4077 3 ปีที่แล้ว

      if anything he should do the yorktown class carriers instead of the essex class due largely to CV-6

    • @lyman6
      @lyman6 3 ปีที่แล้ว

      @@woody4077 I mean, Big-E is awesome AF, but the Essex' are a hell of a lot more of a Megaproject than the 2-ship Yorktown run. That's actually why I suggested specifically the Two Ocean Navy Act, because the massive overall tonnage increase was one hell of a megaproject, and led (along with the outbreak of war) to, among other things, the building of around 20 Essex' in 5 years.

    • @woody4077
      @woody4077 3 ปีที่แล้ว

      @@lyman6 there were THREE yorktown carriers...cv-5 cv-6 and cv-8

    • @woody4077
      @woody4077 3 ปีที่แล้ว

      @@lyman6 also ok yes they built alot of essex carriers but they didn't see action until 1943 at the earliest while at one point the yorktown class CV-6 specifically was the ONLY us carrier in the pacific

  • @TheWhizKid007
    @TheWhizKid007 3 ปีที่แล้ว +12

    Giving Simon all that “sweet watch time” you deserve it sir, hats off and happy new year

  • @ignitionfrn2223
    @ignitionfrn2223 3 ปีที่แล้ว +3

    2:35 - Chapter 1 - The great depression
    4:10 - Chapter 2 - A new president
    6:00 - Chapter 3 - The 1st 100 days
    6:40 - Chapter 4 - Relief
    10:00 - Chapter 5 - Recovery
    12:10 - Chapter 6 - Reform
    14:40 - Chapter 7 - Looking back

  • @KristophM
    @KristophM 3 ปีที่แล้ว +5

    Happy New Year, Simon and to all of you other mad lads!

  • @Master_Yoda1990
    @Master_Yoda1990 3 ปีที่แล้ว +5

    I was part of the CCCPs sister program, Job Corps. It’s pretty much the same thing, provides education and work experience to people from 16-21 years old.

    • @Master_Yoda1990
      @Master_Yoda1990 3 ปีที่แล้ว +1

      @Robert Sears The CCC is also known as the CCCP in some places. It stands for Civil Conservation Corps (Program).

    • @Master_Yoda1990
      @Master_Yoda1990 3 ปีที่แล้ว +2

      @Robert Sears but we did call it the gulag and constantly compared it to prison

    • @Critt_Ari
      @Critt_Ari 3 หลายเดือนก่อน

      I legit thought you was talking about soviets for half a minute

  • @Carepedoit
    @Carepedoit 3 ปีที่แล้ว

    Thanks for this video!

  • @ThePhotochoice
    @ThePhotochoice 3 ปีที่แล้ว +16

    Sadly criticism is never acceptable to the privileged - especially when they have been told they are exceptional all their lives.

  • @--enyo--
    @--enyo-- 3 ปีที่แล้ว +6

    I actually really enjoyed the video on the CCC. 😅 I even shared it a fair bit. Videos like this one are my favourites, but I guess I’m weird there.

  • @Brianrockrailfan
    @Brianrockrailfan 3 ปีที่แล้ว +5

    Great video 👍 happy New years day 2021

  • @ddark0077
    @ddark0077 3 ปีที่แล้ว

    Cheers for doing the video mate on new year.The tv is absolute pish. Legend m8.

  • @MrDadyD
    @MrDadyD 3 ปีที่แล้ว +7

    Best president the country ever had.

    • @philipcone357
      @philipcone357 3 ปีที่แล้ว +2

      With Washington, Lincoln and his cousin Theodore. The two Roosevelts were without a doubt the giants of the last century

  • @haplon33
    @haplon33 3 ปีที่แล้ว +2

    Hey thanks for covering this :)

  • @flaggedowntown
    @flaggedowntown 3 ปีที่แล้ว +2

    I got into hot water at work recently discussing the subject of Glass-Steagall, & more recent deregulation of banks. I would agree with any analyst who said it was a bad idea to simply toss it aside without replacing it with other safety measures. The sub-prime mortgage bubble created with the help of major banks, & the consequent economic damage was an event affecting the lives of many people.

  • @smenor
    @smenor 3 ปีที่แล้ว

    Seconding that your video on the CCC was amazing and deserves way more views

  • @MartinReed
    @MartinReed 3 ปีที่แล้ว +2

    Thank you Simon For Helping Me Through 2020, you are an inspiration Dude :)

  • @DetroitMicroSound
    @DetroitMicroSound 3 ปีที่แล้ว

    Excellent summary. 👍

  • @carinamchugh4436
    @carinamchugh4436 3 ปีที่แล้ว

    Thank you this was very interesting

  • @dant3945
    @dant3945 3 ปีที่แล้ว +1

    Just saw you in the vincero advert. Love it!!

  • @cynthiasimpson931
    @cynthiasimpson931 3 ปีที่แล้ว +1

    Black Thursday 1929 was my paternal grandfather's 10th birthday. Since my paternal side were farmers, that's what they did during the Depression. My great-great grandfather on that side had been given a land allotment for his service in the Civil War back in 1888, so they didn't lose the farm, but that farm and my great-grandmother's huge vegetable garden kept 4 families fed during that era.

    • @cynthiasimpson931
      @cynthiasimpson931 3 ปีที่แล้ว

      You mean I was one of two people who watched the video on the CCC? I suspect an issue with TH-cam, since I doubt that you've only got two viewers who try not to miss your videos.

  • @Deathven1482
    @Deathven1482 3 ปีที่แล้ว

    The civ core was an awesome video Simon. Watched that the day it came out!

  • @wmarkwitherspoon
    @wmarkwitherspoon 3 ปีที่แล้ว +1

    Wow... Great Vid... Glass-Stegal Act being repealed was one of the greatest errors we could have had, and the attempts to repair the damage has not been fully realized.

  • @RickJamesx112
    @RickJamesx112 3 ปีที่แล้ว +10

    250,000* for the FDIC insurance in the US.

    • @sallyintucson
      @sallyintucson 3 ปีที่แล้ว

      For each bank?

    • @RickJamesx112
      @RickJamesx112 3 ปีที่แล้ว +1

      @@sallyintucson ones that are FDIC insured yes.

    • @sallyintucson
      @sallyintucson 3 ปีที่แล้ว

      @Jeff Guse That’s why I don’t have any credit cards.

    • @sallyintucson
      @sallyintucson 3 ปีที่แล้ว +1

      @Jeff Guse I’m old fashioned. If I want to buy something, I save up for it and buy it with cash. The credit card companies are blood thirsty!

  • @bradhobbs6196
    @bradhobbs6196 3 ปีที่แล้ว +79

    "I don't think any American would really argue about this wish list"
    You don't talk to a lot of Americans on a daily basis, I take it. . .

    • @TS-jm7jm
      @TS-jm7jm 3 ปีที่แล้ว +5

      @Shane Lackey he's a brit what do you expect?, a belief in rights and freedoms, hah, good joke.

    • @CarolineFarrow
      @CarolineFarrow 3 ปีที่แล้ว +19

      Oh they'll argue against it while still happily benefitting from it though.....

    • @lamplighter5545
      @lamplighter5545 3 ปีที่แล้ว +9

      @Shane Lackey -- That's a crock. WTF. Where -- please point it out -- does it say in the Bill of Rights anything about mandatory participation? You won't find because it isn't there.

    • @woo545
      @woo545 3 ปีที่แล้ว +12

      Social Security isn't an association. I guess you could argue that being a US Citizen is an association. In which case, you are welcome to renunciate your citizenship. I would also expect that you are not permitted to work in the US or drive on its roadways.

    • @ethelredhardrede1838
      @ethelredhardrede1838 3 ปีที่แล้ว +4

      @Shane Lackey
      "
      Nothing on that list is Bill of Rights compliant .
      BS.
      "Q: Which one of those things can you opt out of if you don't want in ?
      A: None "
      Good the Bill of Rights is NOT for corporations. Its the people of the USA and not for predatory sociopaths.
      " If you ( Government ) do not obey the rules we ( the people) do not have to obey the rules either .
      It usually does, except when loonies start ignoring the laws to support the sociopaths.

  • @TheEvilCommenter
    @TheEvilCommenter 3 ปีที่แล้ว +2

    Good video 👍

  • @alexandrsemenov1842
    @alexandrsemenov1842 3 ปีที่แล้ว +2

    Hello,
    could you please make a biography on Eisenhower ?
    Thanks, happy 2021!

  • @myrodin1210
    @myrodin1210 3 ปีที่แล้ว

    Hey Simon. A+ job connecting this and your other video about the roaring 20s. Ending that one with the crash and having this one as a 2nd course. #brainfood is yummy

  • @kg4tri
    @kg4tri 3 ปีที่แล้ว

    I watched the video on the CCC . I liked it and even commented on it. This is just as good

  • @ETennScott
    @ETennScott 3 ปีที่แล้ว

    OK OK - I'll go watch the CCC video now.... I'm pleasantly surprised at the balanced treatment. We're still pretty polarized about the New Deal hear in the American South. The Tennessee Valley Authority played a giant role in the New Deal, and is an important part of the literal and political landscape here in Tennessee, and would be an excellent follow-up to this vid. Thanks for your work!!

  • @servant74
    @servant74 3 ปีที่แล้ว

    Love the vids... How about an 'overview/summary' of the 18, 19, and 20th centuries, with highlights and links to videos that cover events into those eras. I would like to see updates to these done every year or so to place new/additional/corrected content in the right context. Yes, most of it would be a writing and editing of already published content, but IMHO it would add real longer perspective value.
    You do some of this by referencing prior videos that cover areas, this would be a way to summarize that as a 'big picture review' that we could continue referencing (yes, I do that ... )

  • @scuddyleblanc5119
    @scuddyleblanc5119 5 หลายเดือนก่อน

    After the stock market crash, unemployment went up to 9% and for several months after that sell to about 6%. When Herbert Hoover and Congress passed tariffs, It backfired and deepen and lengthen the depression.

  • @jackphillips3512
    @jackphillips3512 3 ปีที่แล้ว +1

    The biggest contributory factor in the recovery from the Great Depression was elimination of the Gold Standard for currency. This stopped the deflation in the economy. Economic activity started to recover. This also happened in Great Britain, before the US, with the same result. Other countries too. The New Deal provided some help but was not the main factor in the recovery.

  • @bjornodin
    @bjornodin 3 ปีที่แล้ว +6

    This is how you deal with large scale economic disasters! Not just by handing Wall Street trillions of dollars with a note that politely suggest they lower their bonuses slightly that year!

  • @juantelle1
    @juantelle1 3 ปีที่แล้ว +15

    2020 was the biggest megaproject in history

    • @anarchyantz1564
      @anarchyantz1564 3 ปีที่แล้ว +2

      Nope. 2020 will be seen as a side project. For 2021 we still have Civil War Part II, Trumps rise to Supreme leader, the completion of the Great Wall of Murica, sealing it off from the rest of the world, Apple coming out and enslaving its users (not just its workforce) with a "ha ha fooled you, it wasnt Bill Gates chipping you, it was us and our tech" and that is just in the first quarter.

    • @woodse0651
      @woodse0651 3 ปีที่แล้ว +1

      Definitely a contender for worst group project ever.

    • @nickg77
      @nickg77 3 ปีที่แล้ว

      *Covid-19

    • @velvetunderground9835
      @velvetunderground9835 3 ปีที่แล้ว

      Oops, wrong program, I think you’re looking for mega disasters.

    • @brianrockwood2018
      @brianrockwood2018 3 ปีที่แล้ว

      @@anarchyantz1564 ^^^NO MORE DRUGS FOR THIS MAN^^^

  • @nealhoffman7518
    @nealhoffman7518 3 ปีที่แล้ว +1

    I really enjoyed the CCC video

  • @ssllhh100
    @ssllhh100 3 ปีที่แล้ว +6

    simon is a really good story teller, so good that i watched 4 or 5 hours of his content in the last 48h, yes i just discovered the channel ... channels, thanks for the 99% bullshit free content (the hyperloop is that 1% BS ... at least in its current form).
    a video about the AC130 A10 warthog F22 F35 Mig 35 and SU57 would be welcome, i mean you have done videos about their predecessors allready .... and they bring a lot of views

    • @sandybarnes887
      @sandybarnes887 3 ปีที่แล้ว +1

      Business Blaze
      Mega Projects
      Side Projects
      Top Tenz
      Today I Found Out
      Biographics
      Geographics
      Highlight History
      Xplrd
      Visual Politik EN
      The Simon Whistler Show
      I may have missed one.
      Visual Politk EN is now hosted by someone else. The Simon Whistler Show hasn't had new content for a while. I haven't included his podcast.

  • @barrydysert2974
    @barrydysert2974 3 ปีที่แล้ว

    OUTSTANDING❗️ 🖖

  • @bertlbarm4374
    @bertlbarm4374 3 ปีที่แล้ว +1

    i witnessed such a bank crash in asia in the autumn of 1997, insane interest rates were offered in the morning, from midday the bars were down and didn't go up either

  • @davidankarlo9438
    @davidankarlo9438 3 ปีที่แล้ว

    That was great. i don't comment that much. but i read some of the comments you got and seen that someone talked about the human genome project. I don't know much about this and it sound great. can you do one on this. would love to hear more about it. Thanks; David

  • @Jack-tn6yt
    @Jack-tn6yt 3 ปีที่แล้ว +1

    The HOLC deliberately granted few loans to POC, which was a massive contribution to the wealth inequality the country experiences today

  • @HPLIKETHESAUCE007
    @HPLIKETHESAUCE007 3 ปีที่แล้ว

    i just love simon's humor and mannerism in these videos especially around 13:15 mark

  • @antonleimbach648
    @antonleimbach648 3 ปีที่แล้ว +1

    The New Deal helped Tennessee enormously. The TWA built dams and brought jobs and electricity to extremely poor people. FDR was one of the Greatest Presidents we ever had.

  • @fishareblue3006
    @fishareblue3006 3 ปีที่แล้ว +2

    Could you do videos on the development of some military aircraft like the F-16, F-14, Su-47, Eurofighter Typhoon, Dassault Rafale, JF-17 or Su-57

  • @Kokuraman
    @Kokuraman 3 ปีที่แล้ว

    GBY!

  • @bfnfedboy2
    @bfnfedboy2 3 ปีที่แล้ว +1

    Tennessee Valley Act(TVA) needs a video.

  • @christopherjcarson
    @christopherjcarson 3 ปีที่แล้ว

    Brilliant,great
    post!

  • @sallyintucson
    @sallyintucson 3 ปีที่แล้ว +2

    How about one on how Eisenhower built the Interstate System? It was during The Cold War so he wanted to move Tanks and other large weapons on the Interstate. Oops he hired a highway builder instead of Millitary. NOT a happy camper!

    • @philipcone357
      @philipcone357 3 ปีที่แล้ว

      Yes he enlarged the interstate highway system built under the New Deals WPA program. As Eisenhower said he realized that technology had come a long way since the 1930’s where planners had to by law have a horse path in their plans along every bit of highway. By the 1950’s the automobile had won the battle.

  • @scuddyleblanc8637
    @scuddyleblanc8637 5 หลายเดือนก่อน

    Government intervention, including the new deal, lengthened and deepened the great depression. Economists calculated that the new deal added at least 3 years to the great depression. The US recovered from the depression of 1920-21 in two years, but it took more than 10 years the US economy to recover from the great depression under the new deal.
    New deal farm policies paid farmers not to plant and bought and destroyed crops and livestock at a time when most Americans couldn't afford to buy food.
    FDRs new deal also devastated manufacturing in the US. Much of FDR takeover of manufacturing in the US was ruled constitutional but that didn't stop FDR from continuing to interfere with manufacturing.
    In 1940, FDR listened to his military advisors and turned to the industrial leaders and the profit motive in preparing the US for war. His new deal advisors wanted the factures owned and run by the government. Thankfully, common sense prevailed.

  • @darthcalanil5333
    @darthcalanil5333 3 ปีที่แล้ว +2

    There's a fundamental misunderstanding of how economy works. It's a common misconception that the new deal improved anything major in the 30s. Any improvement in the economy came when the government lifted its hand off let the market run its cource. The years before and including WW2 gave illusion of growth because the military industry grew insanely large, and the millions of unemployed simply became soldiers.
    The standard of American economy didn't reach the levels of the 20s until late in the 1950s.
    Building big stuff and listing people as "employed" is all well and good, but if all of that doesn't generate actual market power, it's more or less useless.
    It's not a matter of socialist ideas or capitalism. The economy needed some reforms for sure, but direct government interference in agriculture, housing, banking,.. Etc literally only made the depression last longer.

    • @uzoma1541
      @uzoma1541 3 ปีที่แล้ว

      I guess the FDIC, unemployment insurance or stopping child labor were bad things according to your book?

    • @freesk8
      @freesk8 3 ปีที่แล้ว

      @@uzoma1541 Yep. All three hurt people and violated their rights.

    • @freesk8
      @freesk8 3 ปีที่แล้ว

      @@uzoma1541 FDIC is a subsidy to banks. Big corps should never get bailouts. It is also a sort of monopoly. Monopoly is a bad thing. Banks should buy private, unsubsidized deposit insurance. Unemployment insurance should be private charity. It would be more effective, cost less, and would not be based on forcing people to help society in a way that others want them to. Giving to charity is really good, but forcing your neighbor to give to a charity that you favor, but they may not, is just theft. And child labor would have whithered away on it's own without the legislation. It was already doing so, before the legislation, which is why there was so little opposition to outlawing it. Child labor is what poor nations do. And allowing child labor is one thing you do to help a nation work it's way out of poverty. It also helped a lot of poor people survive. I support private efforts to reduce child labor, such as boycotts of products that use child labor, or public information efforts. But making it illegal violates the rights of parents and children.

  • @Ratkill9000
    @Ratkill9000 3 ปีที่แล้ว +4

    Fun fact: The New Deal actually extended the Great Depression by at least a decade. Also there was another depression around 1946 and 1947. It was the reversal of New Deal policies that brought the US economy out of the depression.

    • @rcknbob1
      @rcknbob1 3 ปีที่แล้ว +5

      I would be extremely interested to see any facts you have found that prove that. Everything I have seen seems to indicate the opposite. Also, I was not aware that underlying policies of the New Deal (Social Security, minimum wage, 40-hour work week, unemployment insurance, and so on,) had been repealed.

    • @Ratkill9000
      @Ratkill9000 3 ปีที่แล้ว +1

      @@rcknbob1 Social Security only makes sense when you're retirement age to get it is is above the average age. To put it simply, back when it was implemented, very few people got to the age for when they could receive it, as the average life expectancy was lower than the age that you could get it. Back then you had 100 people working for 1 person who retired and took it. It's about 1 to 1 now and it's only going to get worse. Back then no one also really saved for retirement, there wasn't a 401K or IRA option either. At this point Social Security tax is just a burden on the worker who could better use that money to put towards retirement or spend it how they so choose. It also now acts like a savings account for the federal government to take money from to put towards other bloated spending.
      People need to rely on themselves and not the Government to get through life. There's way too many system surfers and not enough people working to afford it all.
      www.aier.org/article/5-myths-about-the-great-depression-and-new-deal/

    • @rcknbob1
      @rcknbob1 3 ปีที่แล้ว +4

      @@Ratkill9000 Oddly enough, I am one of those retired people, and I have looked into the life expectancy you mentioned. Interestingly enough, it was actually infant mortality that drove average life expectancy down. Seems that if you survived the first year of your life, you had a good shot at living a good deal longer -- that's why average life expectancy in the 1800's was around 45.
      At any rate, this has nothing to do with any of the other things the New Deal instituted which are still around and have even been added to over the years.
      I read the article you cited and found it to have some cogent points, but not really convincing -- similar to other libertarian views from wealthy think tanks.
      Thanks for your input.

    • @InquisMalleus
      @InquisMalleus 3 ปีที่แล้ว +3

      There is no way that the New Deal extended the Great Depression. It was the New Deal, repealing tariffs, better regulation over the financial industry, and finally WWII that ended it. The first actions taken made a bad thing into a massive disaster - undercutting markets and isolating the American markets for imports and exports. The New Deal changed all those mistakes and started to fix the mess. If the government hadn't enacted the New Deal, unemployment would have kept too high for the private sector to fix, and led to a stagnant labor market and deflation. The infrastructure needed to increase American industrial production wouldn't have been in place.
      The recession that happened in 1946 happened because of massive cutbacks in government spending, a massive cutback in industrial production, and a huge surge in unemployment as hundreds of thousands of discharged men reentered the labor market.

    • @d4mdcykey
      @d4mdcykey 3 ปีที่แล้ว +2

      It's neither "fun" nor is it a "fact". I find it amazing there are still people out there that buy into this BS because some unqualified conmen fed it to them in a blog or debunked book. Let me guess, you also think 'trickle down economics' was a boost to the American economy. FFS.

  • @KarenRose70
    @KarenRose70 3 ปีที่แล้ว +1

    Need to do one on the WPA

  • @mani28873
    @mani28873 3 ปีที่แล้ว +5

    We NEED the new deal in 2021!!

  • @Jim-ho3ko
    @Jim-ho3ko 3 ปีที่แล้ว

    Suggestion for mega project or side project: What about the Eddystone lighthouse near Cornwall

  • @barrydysert2974
    @barrydysert2974 3 ปีที่แล้ว

    Sweet watch time. i haven't heard that in awhile. 👌!:-)🖖

  • @Sigmagnat650
    @Sigmagnat650 3 ปีที่แล้ว

    Great video!
    Suggestion for another mega project: Jamnagar Refinery (the world's largest) in India. Cheers!

  • @MrYTGuy1
    @MrYTGuy1 3 ปีที่แล้ว +5

    Giving people rights, Healthcare and the ability to earn a living wage just makes me so angry!

    • @TedSchoenling
      @TedSchoenling 3 ปีที่แล้ว +2

      New deal did none of that....nor is that government's role.

    • @ericpmoss
      @ericpmoss 3 ปีที่แล้ว +3

      @@TedSchoenling Wrong on all accounts. Ending child labor, instituting a minimum wage, ending old-age poverty through Social Security all by definition did this. And as far as the role government should play, you only have an internet because of taxes paying universities and ARPA to create it, the NIST to invent the atomic clocks and standards to make it all work together, and laws about interstate commerce to help punish fraudsters.

  • @jimsmith6937
    @jimsmith6937 3 ปีที่แล้ว +3

    Idea. The war emergency pipelines hat are still in use.

    • @johnpinckney4979
      @johnpinckney4979 3 ปีที่แล้ว +1

      I'm a retired public utility Damage Prevention/Investigation professional and I'd live to see one on this!

  • @Thebusridesme
    @Thebusridesme 3 ปีที่แล้ว

    Great video, as always! Maybe the next mage project should be “how many TH-cam channels can one team have!?”

  • @just_chris1630
    @just_chris1630 3 ปีที่แล้ว

    I don’t think it’s one for mega projects but perhaps geographics but it would be cool to look at the SARS outbreak and changes that came in after SARS. This would be particularly useful as we start to approach the point where we have to have a discussion about what happens next after covid.

  • @FayeHunter
    @FayeHunter 3 ปีที่แล้ว

    The Big Sad!

  • @decam5329
    @decam5329 3 ปีที่แล้ว

    Interesting.
    Do the Faroe Islands road and tunnel network.

  • @carlosdonestevez7068
    @carlosdonestevez7068 3 ปีที่แล้ว +8

    Don't forget to add personal income tax came from this aswell and the sale of weapons and goods to European nations for ww2 made massive economic gains to the country.

    • @TedSchoenling
      @TedSchoenling 3 ปีที่แล้ว +3

      income tax was 1913.. you need to study your history.

    • @carlosdonestevez7068
      @carlosdonestevez7068 3 ปีที่แล้ว +1

      @@TedSchoenling before 1940 it was a tax on the wealth and the standard deduction was high enough that middle class and poor people dident have to pay it.

    • @carlosdonestevez7068
      @carlosdonestevez7068 3 ปีที่แล้ว

      This is youtube not a book report the spelling and grammer nazis need to chill

    • @chesspiece81
      @chesspiece81 3 ปีที่แล้ว +1

      @@carlosdonestevez7068 I commented shortly after your post so you could edit it and I could delete my comment but I've gotten busy and didn't see the other comments until now

    • @carlosdonestevez7068
      @carlosdonestevez7068 3 ปีที่แล้ว

      @@chesspiece81 ok cool thanks

  • @gerhardtcustomknives
    @gerhardtcustomknives 3 ปีที่แล้ว +2

    limiting production was a major goal of the new deal, and did not help the economy, especially during a depression

  • @multiversalaudiobooks9943
    @multiversalaudiobooks9943 3 ปีที่แล้ว +1

    I wonder, if the Great Depression was global, did the UK do something similar to this?

  • @nikolaaswright6028
    @nikolaaswright6028 3 ปีที่แล้ว +7

    I heard that the Rideau Canal in Ottawa Canada was a super interesting megaproject! Vote Canada!

  • @anarcho-boulangistllamaent2023
    @anarcho-boulangistllamaent2023 3 ปีที่แล้ว +1

    You should do a video on the Berlin airport. Just for fun because it became notorious for its countless construction delays.

    • @anarcho-boulangistllamaent2023
      @anarcho-boulangistllamaent2023 3 ปีที่แล้ว

      Ah ok thanks. Also I already knew about the channel he constantly advertises his other channels it would be impossible not to know about it lol

  • @hollydavid69
    @hollydavid69 3 ปีที่แล้ว

    Simon, i watched the video on the CCC.

  • @loganholmberg2295
    @loganholmberg2295 3 ปีที่แล้ว +2

    I think you fogot about the great drought in America that contributed to the deoression not just the stock crash. The Dust bowl exacerbated the situation in not just the Farms in the Central United States Decimated by it but also the people who saw farms as investments and purchased land for others to farm without knowing anything about farming. Resulting in farming practices that made the situation worse and and as I mentioned wiping out allot of wealth from investors across the states.

  • @SapioiT
    @SapioiT 3 ปีที่แล้ว +1

    12:11 "The banks were an obvious place to start. Not necessarily because it was all their fault", but it was all their fault. And still is, even today.

  • @NeillGuitars
    @NeillGuitars 3 ปีที่แล้ว +8

    I am a historian and a lot of my research has focused on the New Deal (though most of my research focuses on early 20th-century labor history in general). It's really not a question in my mind whether the New Deal was a success or not. It clearly was. Not necessarily because it was responsible for lifting America out of the Great Depression, but because it helped Americans who were struggling. There have been plenty of interview series conducted on New Deal workers and you never see them say "Oh I hated working in the CCC. I wish I could go back to unemployment and wondering where my next meal would come from." It's consistently positive feedback from people who were just happy to be able to get to work and have consistency in their lives. Meanwhile, the CCC planted 2.4 billion trees, built some of the most beautiful national parks, fought forest fires, etc... The Tennessee Valley Authority helped generate electricity for rural southerners who did not have electricity yet. New Deal programs did wonders to build the the infrastructure of the United States
    But as for whether or not the New Deal was socialist? That's laughable. It wasn't even close. In fact, Roosevelt was very concerned with people thinking that it was a socialist program and made worked with business owners to put together these plans. There have actually been a lot of book written that criticize Roosevelt for this, because there are a lot of historians who think this was a unique time in history where we could have really improved America so much more but didn't do as much as we could have. These historians lament because they don't see another New Deal type program in sights and think Roosevelt squandered the best opportunity America had for sweeping reforms. This is why many New Deal leadership positions were filled by uninspired people who would not rock the boat too much. For example: Robert Fechner, head of the CCC, was described as a "potato bug amongst dragon flies." It was also to appease the South as a demonstration that Black people would not see as many benefits as their white counterparts in New Deal programs. Roosevelt knew the South could block New Deal legislation, so he allowed for things like segregation in the CCC (against the letter of the law which guaranteed no segregation) and he allowed AAA and Social Security benefits to be stripped from industries where black people were more likely to labor (like share cropping) in an attempt to keep the South in the New Deal coalition (which worked until the nation started seeing some national recover and the South started turning against it anyway later on down the line).

    • @cmbeadle2228
      @cmbeadle2228 3 ปีที่แล้ว

      I think you can overstate the importance of the latter point - there's a reason that the overwhelmingly republican black vote immediately started to switch to rhe Democrats during the New Deal.

    • @NeillGuitars
      @NeillGuitars 3 ปีที่แล้ว +1

      @@cmbeadle2228 they switched to democrats because they still saw it as the better alternative and the only party that was willing to help them economically at all. But this does not mean that the DNC wasn't actively working to keep the majority of benefits in the hands of white people. It is something they were keenly aware of at the time. And the earliest New Deal historians, including those who have almost nothing bad to say about Roosevelt, such as Arthur Schlesinger, agree that this was a major negative of the new deal. It's really not even a question if Roosevelt pandered to racist southern politicians by keeping benefits from African Americans. That's not to say Roosevelt himself was as racist as his southern counterparts. He certainly was not. But he was also a very calculating politician who was much more concerned with keeping the South in the Democratic Party.

    • @NeillGuitars
      @NeillGuitars 3 ปีที่แล้ว +2

      @@cmbeadle2228 and I don't know how much I blame Roosevelt for that. It was a very real possibility that southern democrats block new deal legislation if it had included more protections for african americans. Most blame really falls on the South. And really I don't just mean that for the New Deal. The South has consistently blocked American progress since industrialization

    • @jaykavanaugh8975
      @jaykavanaugh8975 3 ปีที่แล้ว

      There is a good reason FDR could not go further. I would direct you to the book "Roosevelt a Political Life". He was a master at the art of politics. Great book with a very interesting perspective.

    • @NeillGuitars
      @NeillGuitars 3 ปีที่แล้ว +1

      ​@@jaykavanaugh8975 Dallek does discuss Roosevelt's willingness to compromise with Dixiecrats, specifically when discussing sharecropping. Unfortunately, biographies rarely offer enough information to form a fully coherent picture and they are usually written very triumphantly with a very pro-subject message. It's a fine book, but I would rather suggest some books that specifically make arguments about events and programs. These are a few recommendations from me, from when I wrote a survey of New Deal historiography. I can recommend more if you're interested, but these are my preferred:
      Barton Bernstein's "The New Deal: The Conservative Achievements of Liberal Reform"
      Harvard Sitkoff's "A New Deal for Blacks: The Emergence of Civil Rights as a Nation Issue."
      Irving Bernstein's "The New Deal, the Worker, and the Great Depression: A History of the American Worker. 1933-1941."
      Alan Brinkley's "The End of Reform: New Deal Liberalism in Recession and War"
      Ira Katznelson, "Fear Itself: The New Deal and the Origins of Our Time."
      Jefferson Cowie "The Great Exception: The New Deal & the Limits of Reform"
      Kiran Patel "The New Deal: A Global History."

  • @jroda8015
    @jroda8015 3 ปีที่แล้ว

    It was called the wpa. Several of their projects near where I grew up, they all said WPA on the plaque

    • @oldenweery7510
      @oldenweery7510 3 ปีที่แล้ว

      Right, that's what I was taught in high school and that's the way my parents, who were married in April of 1930, always referred to it. It was the "Works Progress Administration." Don't know where they found the sign they used.

  • @TimothyBrown2010
    @TimothyBrown2010 3 ปีที่แล้ว

    you gotta do the Pyramids!

  • @Jnp366
    @Jnp366 3 ปีที่แล้ว

    You should do a video on Fort Knox on this channel or on Geographics

  • @15Med3
    @15Med3 ปีที่แล้ว

    you should do a video on the US home front/manufacturing during WW2 and how that ramped up to beyond mega project levels

  • @Manuel-gu9ls
    @Manuel-gu9ls 3 ปีที่แล้ว +1

    Let’s hope 2021 is the great recovery

    • @JeffDeWitt
      @JeffDeWitt 3 ปีที่แล้ว

      Considering what is going on in Washington that isn't likely.

  • @kevinhumphrey3228
    @kevinhumphrey3228 3 ปีที่แล้ว

    When will you be doing a video about the USNS Mercy class ships, they are pretty impressive massive floating hospital's.

  • @leandrochavez6480
    @leandrochavez6480 3 ปีที่แล้ว

    You can later make a video about the shangai port, it reached a record capacity of 4 million teu's (2 mill long containers) and focus in its operation rather than its construction.

  • @LewisBeck
    @LewisBeck 3 ปีที่แล้ว

    Insightful! Thanks, Simon. Obviously progress is being made but, God knows, we sill have a ways to go. That huge recession where Barrack Obama's administration was forced to come up with a multi-billion dollar baleout package for American business and industry proves that. Perhaps you can explore that--"what have we learned and what have we yet to learn?" Anyway, great job as usual, you and your team. Please keep up the good work!

  • @herosjourney8725
    @herosjourney8725 3 ปีที่แล้ว

    Could we please get a megaprojects video on the yf-23 blackwidow II.

  • @Scynthius137
    @Scynthius137 3 ปีที่แล้ว

    Simon, 13:58, Why does this building have second story external door on the front if it? I have seen several of these and I have no idea why they exist.

    • @JeffDeWitt
      @JeffDeWitt 3 ปีที่แล้ว

      Not sure about that one, it might have had a roof you could walk out on that has since been removed. However, I've seen second story doors on houses in places that get a LOT of snow (such as upstate New York). Those doors let people get out of the house when the first floor is snowed in.

  • @AlbertCalis
    @AlbertCalis 3 ปีที่แล้ว

    Simon, please do a Megaprojects video on the Bristol Brabazon.

  • @HigoWapsico
    @HigoWapsico 3 ปีที่แล้ว

    Simon what’s the name of the video with the “criminally low number of views?”

  • @davidneel8327
    @davidneel8327 3 ปีที่แล้ว +1

    Have you read The Forgotten Man by Amity Shales?

  • @Robert-db3mz
    @Robert-db3mz 3 ปีที่แล้ว

    The CCC is worth a watch.

  • @mustafaemad3614
    @mustafaemad3614 3 ปีที่แล้ว

    Please make a video about Bar Lev Line, costing around $300 million in 1973.

  • @longingforsleep9578
    @longingforsleep9578 3 ปีที่แล้ว

    Can you please do the Corona Satellite Program?

  • @JayCeF076
    @JayCeF076 3 ปีที่แล้ว +8

    Can you do a video on how ww2 supercharged the u.s. economy?

    • @mauryhan
      @mauryhan 3 ปีที่แล้ว +1

      It did so with massive government spending,.

    • @JayCeF076
      @JayCeF076 3 ปีที่แล้ว +1

      @@mauryhan lol and it was the start of the now 7 trillion + the government's in debt now. Murica! Home of the indebted! And semi free

    • @JayCeF076
      @JayCeF076 3 ปีที่แล้ว

      17 trillion, but that of 2010 or so I'm sure its much higher now

    • @freesk8
      @freesk8 3 ปีที่แล้ว

      War enriched the politicians, the defense contractors and suppliers and impoverished or killed nearly everyone else. Imagine if all of those bombs and bullets had been consumer products? Imagine all of the productive energy lost of those hundreds of thousands of US War dead? Imagine all the productive effort that went in to blowing up stuff, instead went in to building stuff in the US? Imagine not having to dig out of the record debt that war put us in? It is just crazy to think that war or increased government taxation and spending would actually make a nation better off.

  • @amareeberry670
    @amareeberry670 3 ปีที่แล้ว

    I don’t know this would classify as one but the USS Missouri

  • @pamelamays4186
    @pamelamays4186 3 ปีที่แล้ว

    I watched the CCC video.😉

  • @TheDevilsAdvocate.
    @TheDevilsAdvocate. 3 ปีที่แล้ว +8

    This is as close to capitalism bad, socialism good as Simon is going to get.
    Jokes aside, this needs to happen again. Preferably willingly, without the Great Depression. Unfortunately it appears even with the all the problems they faced, it was still a fight to sort it out and get the cash off the rich. So we’ve no hope until a similar disaster happens and by all accounts it’s close. Some of us (an increasing number I might add) are already there (in poverty). Even then it’s relative, compared to billionaires, hell even multi millionaires, a good 80%-90% of us live in poverty. Yes, even though you have a smartphone... you’re still a poor to them. 😋

    • @sebastienholmes548
      @sebastienholmes548 8 หลายเดือนก่อน

      The new deal made things longer.

  • @steffeneilers8530
    @steffeneilers8530 3 ปีที่แล้ว +2

    The channel Nerd City recently did a video about algorithmic suppression of videos about controversial topics, such as mental health and LGBTQ. Guess the D word in the title is throwing off a filter here, or the video is just not up very long

  • @lestatmichael
    @lestatmichael 3 ปีที่แล้ว

    Love watching the educational videos but I have noticed before it was blah blah blah mon o tone after business blaze its hey check out my junk lmao 😂