The New Deal
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I learnt more in 5 minuites of watching this video than i have from listening to my history teacher in one year
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Why is there no mention of programs that still affect the United States today? For instance, Social Security, FDIC and SEC. Are these not important?
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this is very helpful and very kind from you bro
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Hoover was a Keynesian! When will people learn this. The Smoot-Holley tariff was a large cause of the Depression. The Great Depression ended after the war when the New Deal policies were ended.
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Hey thanks for this! I have my GCSE exam on thursday about vietnam and the new deal, this has helped me a lot! :)
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WW2 involved massive public work programs, similar to the New Deal - this is something that historical revisionists always ignore.
But the New Deal DID certainly help the country shift in the right direction, with the decrease in unemployment and increases in fiscal growth. Also, programs such as the FDIC helped to prevent the bank failures, post-Crash.
If you noticed, 1938 had an increase in unemployment. This happened after Roosevelt cut some federal programs due to Republican pressure.
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You should have also included how borrowing and spending or printing and spending money causes inflation of money, where people can't afford goods and services due to rising prices (from devaluation of money).
Also, how deflation isn't bad. It means businesses will go bankrupt, but the most efficient will survive and expand once the recession is over. Also, government doesn't tend to create projects that will prosper in the long term as you cant predict aggregate demand in the future.
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Pipe down.
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thank you sooo much for this
its realli hopefully gonna help in my history exam 2morrow!
wsh me good luck peepz!
saphz786 2 years ago 6
thanks alot, video was very useful, very detailed.
mapletaple1 1 year ago