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What few people know about the program that "saved" America - Meg Jacobs
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- čas přidán 16. 06. 2021
- Explore the successes and failures of FDR’s New Deal, a set of legislation during the Great Depression which aimed to save the US economy.
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In 1932, one in four Americans was unemployed, marking the highest unemployment rate in the country’s history. The Democratic presidential candidate Franklin D. Roosevelt promised a New Deal- a comprehensive set of legislation to support struggling citizens and put the country back to work. Meg Jacobs digs into the policies of this bold campaign and how it didn’t fully live up to its promises.
Lesson by Meg Jacobs, directed by Anton Bogaty.
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I absolutely love the effort to change the animation style every episode and I love all of them
Each is made by a different animator
They can only use an animator once, because once they don't get paid, they refuse to do another episode.... so then they just get another one
This type of animation was used before but I cant remember which one
@@FirstNameLastName-qi5nv that’s right, I’ve remember seeing it somewhere
@@FirstNameLastName-qi5nv it mother have been the pizza video? Like, the one about how to hold your pizza so it doesn't flop, and the science behind it, but I'm not 100% sure :)
2:18 "Young, single men with families."
*Visible confusion*
their parents and siblings?
Wedlock...
Have families but not married
Might be talking about their parents and siblings...
I mean, back then a university education wasn't very necessary since physical labour was still the bulk of most countries labour. So men could go to school, graduate at 18 then start working and raising a family. Most probably having kids around their early 20s
My dad was in the CCC and in the 70s, I was in the YCCIP. I think it's a great idea, especially since infrastructure dearly needs work.
But sexist to single women with zero job
@@user-ti6ix5tn2o During a period where all of humanity was sexist. Things have changed. The good ideas in an organization can be held, you can take out the bad and do the good.
@@user-ti6ix5tn2o You had to comprise with the ideas at the time to not have the nation blatantly fall apart with riots and disunity.
You wokist should understand this from a *realist* perspective. There’s a time to strike and there’s a time to ceasefire.
2 additional facts: The act that helped make sure saving accounts were insured is called the FDIC and is still a round to this day. Also, the AAA was also a program where the governemnt paid farmers to farm less and destroy crop ready for the market. This helped stabilize prices, but a lot of people didn’t like it
1:08 FDR founded the TVA? I knew he was a Time-Keeper!
I was gonna say the same thing hahaah
So they had one of those space lizards too
what?
@@nicoleonlysometimes824 loki reference
@@nicoleonlysometimes824 It's a Loki reference
I'm in love with this channel! Makes me want to learn and learn and learn and learn. Never stop your content! ♥️🥺
Glad to see the TVA exists in this universe too. Hoping Loki wasn’t hiding in one of the apocalypses
What's that
Loki was the first thing I thought of when it heard TVA😂
I dont like how Eleanor Roosevelt only gets an honorable mention...she literally foresaw those policies along with her husband
Yeah, I also don't like how the video dismisses the effectiveness of the New Deal. The truth is that no one knows if the New Deal would of worked because World War II interrupted the progress...
@@Victor-tl4dk its also important to look at the individual parts of the new deal. There was a lot of stuff in there that would benefit one group over everyone else. Like crops being destroyed to keep prices higher which helps farmers but hurts literally everyone else.
even Roosevelt himself that is by far one of the presidents that the us ever had is overshadow by pathetic mascots that are the presidents nowadays
It's a men's world and always has been especially during those times.
@@highbahamut6188 It's hard to be FDR because every Democrat has tried to rebuild his New Deal Coalition since it's fall during the Civil Rights Era during the 1970s.
It would be nice to have a New New Deal now.
No it wouldn't. Tell the potato president t stop printing money
He is trying, the Infrastructure bill would help, but Mitch and his cronies, will block it, just cause the other side wants it.
With our current Congress, the New New Deal wouldn't survive.
@@stuartspiker732 I miss true bipartisanship… the obstructionists really need to get out of power, it’s not helping our country, and it’s foolish to believe the lie, “well they didn’t do anything, so vote for us in the midterms” (which isn’t until NEXT YEAR!) when the only reason why nothing was done was because the majority (tiny as it is) kept getting blocked at every turn!
@@joermnyc I agree, they use to work with each other, then after Bush Jr it started going down and the GOP went, we have to block everything once Obama was elected, and they havent changed since, and make up rules, that they dont follow themselves. Sure the Dems have their issues, but they are nowhere near the GOP anymore.
I knew it was about the New deal before I even opened it.
What a legacy
Smh it prolonged the great depression.
@@snare5903 Yup as well brought fascism to the states
@@snare5903 it helped millions of people. The pros outweigh the cons
@@DieNibelungenliad - It really didn't, but it is interesting to see some people still buy into the propaganda.
@@PaulGaither It really did. It's the conservative propaganda that people so easily buy into that makes them think otherwise.
The program that "saved" the americA.....
Me : "vault-tec"😂
But they actually saved at least 1 human
@@amonra9518 haha
vault-tec also created super-mutants... so it also damned America
Thanks to fdr we don’t know what happens without him god bless his soul
English?
a decade less of depression and no attempt to pack the supreme court to become a defacto dictator
@@mache2784 💯
No system is perfect. We are biased. We are flawed.
That’s why everyone must be willing to change and improve. Being extreme conservative is sick.
Yes, everything in moderation though. Same deal for being overly open to change.
Extremely liberal is also sick...
Improving with change is always the goal but sometimes people who want change aren’t improving anything even making things worse which is where the divide comes from. Although I am liberal that is how I understand it
@@L._.A-06 how else do you improve something thing unless it is with change?
@@L._.A-06 agree
We just had a test on this in summer school right before this vid came out wtf
F
Love to see another CCC type program for environmental and infrastructure needs.
Yep. It would be competition for wages, and would get the countries infrastructure back on track. It would litterally be the best use of federal funds. Contractors have ballooning costs.
@@honkhonk8009
What is your opinion on mmt?
My father was in the CCC before WWII, when he then joined the Army Air Corps.
Program that saved America : WW2
Lol.. true indeed
Program that saved japan : Korean war ..
Program that saved china : Cold war
Tell that to the dead.
FDR policies provided the catalyst and stability and WWII was the challenge that transformed our economy into a developed country and global super power.
We would not have been able to play such an active role in WWII if his policies hadn't been in motion.
@@udhayakumarMN program that saved japan: post WWII reconstruction under allied occupation.
Program that saved chija: nixon post presidency and china opening up its economy to capitalist policies
3:25 Did I heard that right? Southern Democrats did what?
The south supported the Democrats, and the Democrats supported the south back then.
researching the Southern Strategy might help explain things
Republicans and democrats have more or less swapped their ideologies
Yeah, this was before Nixon, so the Southern Strategy hadn't happened yet. This was back when guys like Trump were Democrats.
the parties have changed demographics and ideologies a few times. the modern arrangement started roughly around the civil right movement, and this video is about before that
This needs a follow-up video of how every administration since has undone a piece of the new deal, and how every American has suffered for it.
Cynical Historian covered that somewhat in his Neoliberalism video...
@@axelpatrickb.pingol3228 thanks
@@axelpatrickb.pingol3228 And I already don't trust the guy because of the unironic use of the newest term for "Thing I do not like".
Please Ted Ed don't forget to post videos about
-Aristotle teaching Alexander the great
-Islamic golden age (discoveries)
-Tengrism
-Plato wisdom and teachings
-Socrates wisdom and teachings
as noted by a biographer the man that lifted himself from a wheelchair to life a nation from its knees
And despite it all, it wasn't any of his new deal programs which "saved" the country. The USA was little to no better off through the 9 years (yes, entering his third term) of 1933-1942 than they were when he began office. Rather, hindsight revisionist history of a prosperous post-war narrative is what we got. No. It was the war economy of full industrialization, 4% unemployment and a bound nation though a common cause is what saved America - that was also never touched by the very ravages of war on the continental 48 states.
With 100% of the benefits of a war economy and 0% of the drawbacks (having your cities and factories bombed) - that is how the USA climbed out of the depression as a super power.
Please do not misunderstand me. FDR was an amazing president both before and during the war. However, his new deal and policies are also the cause of many problems the USA still faces almost a century later. Social security, for example, was not supposed to be permanent like it has become. Other nations have federally backed national pension plans and other superior methods of helping the elderly for retirement, yet the US is stuck with an ever growing monster they are too cowardly to solve.
meanwhile nowadays the sitting president was banned on social media by a corporation
@@PaulGaither saying it was little to no better off is just a lie. The CCC, WPA, and PWA built countless forms of infrastructure we still rely on today, from parks to roads to bridges to schools and libraries. The TVA provided electricity to thousands of rural americans in appalachia. The USA was in a much better shape thanks to the new deal. it certainly didn't solve the crisis, but to say it did nothing, or even very little, is just not true.
@@Crusader677 - Those are two very different things and you know it. The video I think we are replying to (it was 8 months ago) was about the crisis, not the infrastructure of the USA. You admit in your own comment that it didn't solve the crisis, which is the underlying premise of this video. Then you have the nerve to call my comment a lie as you talk about an irrelevant set of rambling?
@@PaulGaither Saying “little to no better off” implies you meant to say “little to no better off” and not merely that “it didn’t resolve the Depression”.
I don’t know why when history remembers these sweeping federal agencies and programs in such a positive light, especially in extraordinary times of hardship, the notion of similarly comprehensive federal programs healthcare and infrastructure are so vehemently opposed. If anything, we should be pushing what the New Deal further so that it’s not so raw for the vulnerable people the original New Deal neglected.
No because the new deal destroyed this nation
Kaiser Wilhelm in the 1880 "I will make sure there are jobs, social security and that people that can't work due to old age are cared for by the state."
Roosevelt in the 1930's "Hey I just thought of something..."
True, but the credit for the German welfare system should actually go to Bismarck.
@@EconGun Well Bismarck designed it but it was Wilhelm that ordered it if I recall correctly.
@@respectableaf9061
I certainly don't mean to belittle Kaiser Wilhelm. I agree that history has treated him unfairly.
I was literally learning about the New Deal last week in my Political Science and American Government class!
It's all ideological lies.
They can Spina my story they want when 9t's not grounded in more harder sciences like economics, in this case.
Check out 1921 stock market crash and how quickly they got over it. Pay close attention to how much intervention occurred. Very little.
The great increase in spending of the new deal and inorganic investments prolong things that aren't actually in demand, and just prolong actual recovery.
The tricky thing about political science is it's far too easy to spin. Make sure you get a healthy dose of economics or military warfare order things that actually define and constrain possibilities, such as how much food there is, incentives of how governments are structured, the money supply, etc.
@@gwho I don’t see how your reply has anything in relation to the original comment
Was it as propagandist as this, or did they look at it objectively.
biggest regret was never my ap american history class seriously until the last minute
Washington, Lincoln, FDR. America's greatest presidents.
Great video and summary on these programs.
Unrelated comment about the animation. They show someone welding on the aircraft. I work in the aviation sector doing sheetmetal and airframe. As it still is today, it would have been more likely that instead of a welder, that person would have been shooting rivets.
Before I started my trade, I thought more things on aircraft would be welded but surprisingly most aircraft use rivets and other specialized fasteners (often you'll want to be able to disassemble something or repair it, which is harder to do when you weld).
FDR said his greatest achievement was saving capitalism...
Exactly. But Today's GOP would call him a socialist lol.
This is amazing! I wish I had this when reviewing in APUSH!
4:08 as a student I was taught the new deal was fantastic, but as I continued to learn more about history and economics this statement about its marginal impact and what really drove employment came to light
What are you talking about? These policies, agency's, and programs shaped this country. Both positive and negative.
They are part of the reason we became the world breadbasket, had stable economic and banking policy, the catalyst that helped us become a developed country.
@@aBusybee @BusyBee my comment was reserved to the statement made in 4:08 of the video, which is why I placed the time mark. And I'm pretty sure the United States already "the Great 48" was a developed country before the new deal...www.digitalhistory.uh.edu/era.cfm?eraid=10&smtid=1
Now, that's what I'M talking about, professor.
@@aBusybee czcams.com/video/Li7gn71tH8Q/video.html
I did my U.S. History Paper on the New Deal. It really was a great day.
mmmmmmm that propaganda machine tastes great doesn't it?
@@ChrisCaldwellActually, I got an A
The harmonic in the background is just great 😊
The AAA didn't educate farmers how to better plant food. It tried to make farmers plant less food to raise the price of food. To ordinary Americans, this seemed ridiculous, as millions of tons of food were thrown away.
But it IS ridiculous.
But with public school indoctrination, you will never read anything that shows the government in a bad light (unless it benefits them of course)
So the useful idiots here happily cheer for a bigger, more oppressive government.
@@snowheader2200 I'm not saying that it isn't. And what you are taught really depends on the textbook and the teacher, instead of the government. My APUSH teacher criticizes the government a lot, including in recent events.
@@zswu31416 You said ‘this seemed ridiculous’ which implied that you don’t really believe it’s ridiculous.
Anyway, with how government indoctrination works and teachers being cultural Marxist/activist nowadays. I’m assuming your teacher is only criticizing the government for not being big/authoritarian enough.
E.g. state enforced “equality” (communism), complete disarmament of the people, the government should tax people until they are broke etc etc.
@@snowheader2200 Oh, he's well aware of all of that. Of course, you are exaggerating as well.
@@zswu31416 perhaps your teacher isn’t that extreme but there are definitely examples of such unqualified teachers.
I wish I had this video when I was a freshman
You forgot the part where he made gold ownership illegal, so citizens couldn't protect themselves from inflation.
I just want to say that that's not facts rather opinions and it's sad that they don't promote it as opinion but fact. You should do more research on the topic because there people that see the "New Deal" as the reason why Americans suffered for 15 years.
So they blame the depression on FDR? Those people are idiots
I just love the opening sound to all these vids...
Thank you.
대공황이라는 말이 웬지 지금의 상황과 비슷한 것 같습니다.
지금은 전염병때문에 전세계가 대공황의 그때와 비슷한 느낌이 듭니다.
I suppose it is the same because both were caused by government incompetence.
شكرا جزيلا للمترجم نوفل الجبالي والمدقق شيماء نبيل للمجهود الكبير ...رغم اتقاني للانقليزية الا انني استمتع بوجود ترجمة للغتي الام وهو الوحيدة فقط مع الانقليزية دون عن بقية لغات العالم ...
Wonder how many people thought that deal was too progressive.
A lot, there was definitely a good ammount of pushback.
@絶対に荒らすCZcams channels that beg for subs don't deserve subs
Me
@絶対に荒らすCZcams I've subscribed.....am i now uncursed?
Mostly cancervatives. Common sense means too progressive in their dictionary.
2:40 so small criticism here. I don’t think it’s right to credit the new deal with getting rid of child labor. By the early 1930’s only 6% of kids between the ages of 10-15 were being used as child labor and 75% were working in agriculture, usually on family farms. But the national law wasn’t passed until 1938.
Now I think a law against child labor on the books is important, but in the US I wouldn’t credit this to the government
@Tin Watchman yes, I said that in the 2nd paragraph
You are clearly a fan of FreedomToons (I'm not, but I watch content I don't agree with)
FDR is considered by historians to be the third best president in U.S history. To illustrate this point the only two men/presidents who are ranked higher than he is are The father of our nation George Washington, and the man who ended slavery and the civil war Abraham Lincoln.
Economics disagree with this. Fdr brought fascism to the states and prolonged the great depression
@Robert Ortiz-Wilson And who do you
Believe was better? Furthermore those idiots are more qualified then you are.
Why does any video that mentions race or racism always have so many dislikes? What triggers people when talking about race?
Because it's a video about americans but they feel the need to put some bs about race there. And that's not even the worst part, they're trying to paint useless at best interventions as positive, they should've started it with what caused the depression and it was in 1913.
Their racism
white fragility
because a lot people don't like seeing everything through the lens of racism
@@8is Through the Lens of Martin Looter King?
I'm not gonna beat around the bush. This is why conservatives have decided FDR wasn't that great.
FDR was for the most part a great man!
Thank you, FDR! RIP💐🙏🇺🇸
I'm glad you believe this cause the CURRENT GOP would call FDR a socialist. lol
@@arod077 just like in the 1950's!
We are in a Second Cold War with Russia and China! 😔
@@ianlewis6258 Well this world really goes around a global economy no longer country alone. We will always be in a cold war. Now the war will be on resources. It was oil next will be water. That is the scary part.
@@arod077 yeah, you're right!
Corporatists and Oligarchs are very similar to each other. What do you think!?
too bad he made the Depression worse. He changed the world for sure.
But when we push for more programs today that improve the lives of Average Americans no one wants them passed
for example the green new deal and a public option for healthcare
@@themisfit7380 Green New Deal would costs around 90 Trillion dollars in ten years. There is no way to pay for it
@@nadie8093 what about the great wall of america and the trillions of national debt towards military/etc use? Either way the US makes sure to loan money only in its own currency so it can never default on its debt. better to spend time doing things that actually matter...
@@bananya6020 millitary spending comes nowhere near the Green New Deal. The military would only burn through 7 trillion in the same period.
@@bananya6020 also, renewable are cleaner, but not completly clean, as you will need to start replacing the hardware as soon as the GND ends.
“Among American citizens, there should be no forgotten men and no forgotten races. Except the Japanese and the Jews” - FDR
"Within six months after this government intervention, unemployment shot up into double digits-- and stayed in double digits in every month throughout the entire remainder of the decade of the 1930s, as the Roosevelt administration expanded federal intervention far beyond what Hoover had started." Thomas Sowell Washington Examiner June 18, 2010
Sowell is a revisionist whose whole grift is being a bootlicker to the upper class. Why is it that the rich are opposed to these policies but are extremely capitalism.
Improper source, washington examiner is a partisan paper that's more opinion than fact.
@@absolutefocus2749 ok, sure
1:08 Second on the rightest column
TVA: Time Variance Authority
(From MCU)
"single men with families"
- TED Ed
I think the New Deal did some Good; but it seems a SHAME that livestock were not only Killed, but buried (the cattle in Nebraska.) That was part of the Agricultural Adjustment Act.
That meat could have fed a lot of hungry folks. And, if that wasn't possible, and they had to feet them Gruel-or Polenta-could that meat not have at least been frozen??
It may taste a bit stale-but frozen meat keeps indefinitely.
HECK-even Pemmican is Good for a LONG Time.
They had to, supply and demand if their was a large amount of food like grains and cattle the price for them wouldve been to low for farmers to recoup their cost and increase farmer unemployment exacerbating the depression and risking a famine due to a decrease in farm labor.
FDR represents what our politicians should work toward today, work for the American people and not Trump
Democrats never work for the people. They are only concerned with making the American people reliant on the government so that they are continuously elected to continue to “save” the peopl
Programs like the CCC and Army exist to help people out of poverty.
Contrary to what people expect, Armymen arent always grunts running with M4s. Theres alot of logistics/paper work that no one sees, and often is bigger.
I think what the country needs is something like this, but to rebuilding infrastructure again. Instead of funding contractors, that balloon their budgets every single time, an agency like this would be legendary.
The wages they provide would litterally be the wage competition the country needs for its workforce. Hopefully wages would connect more with housing aswell.
And then, people wouldn't have to work in the army if they have an aversion to supporting the army (like me and many others)
Though, a large public works department would probably be deemed to communist in America. I feel like my country would be more receptive, even though we're doing this whole neolib thing too.
EDIT: should add, the reason why things like healthcare aren't done properly (ie free and universal) for citizens is because the army benefits from a poor and desperate class, as they will be enticed to join. It's shocking what the USA is doing to an outsider.
Ah yes, more government spending, just what we need. Let the private sector handle it. And I'm not talking about big tyrannical megacorps, I mean local aid companies that can actually improve their communities at a ground level rather than just legislating from mount olympus.
For some other parts of world (Except USA) we don't consider Racial issues that much important. Some countries have different ethnicities of people living peacefully.
If I see a person with American flag, I'll call him American without considering his race or Language or Religion.
Eah from what I've heard any nation that has colonial past suffers from it. Ofc if you're from Mongolia it doesn't effect you much but it doesn't really take that much to understand why it's so big of a deal (and not only in USA) if you actually care to look into it or just history in general.
People who say "I don't understand why ..." on this topic usually are flaunting what's at best ignorance outside their country but I wouldn't be surprised if it usually also contains lack of education on what's happening in their own.
@@crazydragy4233 I do understand topic. It was good. But, what I'm saying the "Race issue" which is so prevalent in USA isn't important in other parts of world. Its only limited to Western world.
South Asia, South East Asia, Arab World & Latin America (Maybe).
These parts have other modes to Divide people. Religion, Caste, language but not race.
I didn't use 'I don't understand why...'.
The thing is inserting race issue in every videos will make them irrelevant for us. Besides Western world there are about 3 billion people in the world who will just say -
'It's Their Issue. Leave this part.'
I'm not undermining the Race issue, it's just don't matter much to us that much.
The world is not confined to Western world anymore. We're also part of world. So if CZcamsrs keep Domestic affairs less, that'd be better.
@@kedarmeow I do agree they have a very American perspective that alienates a lot of the audience but that's a failing of many creators these days, tho I'm not too sure if they see it as much of concern.
@Robert Ortiz-Wilson Thanks man...
We 3rd world countries have same disturbing history, but rather than divulging into it, We look towards future & Present time.
No nation has righteous History. But, its upto us whether we'd continue to cry about it or Go forward with Unison.
It's just more prevalent in America because of the massive diversity we have to deal with. People from different cultural backgrounds are bound to have conflicts. There are benefits too of course, but racial tension is just one of the cons of having a "melting pot" country.
FDR was definitely a member of the AAA (Acronym Appreciation Association)
We need something like this now especially as more and more jobs get automated and the divide between the wealthy and the working grows wider and wider
biden is already dumping ww2 levels of spending into the economy, it's just causing inflation
I don’t think it would b the best idea since that’ll cause inflation. Plus the US is alr in debt ,But then again im just a senior so i don’t remember much from ap gov.
"BuT tHaTs cOmMuNiSm!!1!!!1!" -republicans
The records show that many policies in The New Deal actually prolonged the Great Depression. Many economists and historians have mixed feelings as to whether these policies were the actual lifesaver. Remember that it's policies like that which made Herbert Hoover's economy crash in the first place
People say ww2 boosted America's economy. But hello, 1944 was also the beginning of the breton woods system, which established security for international trade 🙄
Conservatives love war. So of course they say that war boosted the economy. They wish we could leave the UN so that we can get started on World War 3. Under Trump the U.S. left the UN Human Rights Council because Republicans aren't big on human rights either. Actions speak louder than words. Watch what people do but don't trust them.
@@GenerationX1984 Tbf the membership of the current human rights council is an embarrassment which was the cited reason for leaving the council.
Current members: Bolivia, China, Côte d'Ivoire, Cuba, France, Gabon, Malawi, Mexico, Nepal, Pakistan, Russian Federation, Senegal, Ukraine, United Kingdom and Uzbekistan
1944 was during WWII (war ended in 1945).
Fdr policies were the catalyst that helped jumpstart the economy, build out infrastructure, develop rural areas. WWII challenged our country and led us to becoming the dominant global super power we are today. WWII and FDR led us to becoming a developed country in the 1950s.
This notion that blacks in the north got better treatment is PRETTY SKETCH, where are the comments about red lining?
They've all been deleted.
”America” again ”saved”
Alphabet soup lol
What is alphabet soup
@@srinivasams9323 soup with letter-shaped pasta in it
Why you laughin
lol
@@ginglee4199 because it's *alphabet soup* hihi
America will need another new deal after this Pandemic.
maybe bigger considering the actual end of great depression was wwii and i don’t want a wwiii
wow I've gone through so many videos and this video is short but more informative rather than an hour long video
good work
The programs took a while to work. You can see the improvement because the economy takes off in early December of 1941.
Seems like maybe something else really important happened at that time, can’t quite remember though…
Right around Dec. 7th I think.@@soulfuzz368
Not me a Canadian watching an American government video...
I can't be the only one right?
I am an Indian 🇮🇳.... From a different continent 🤷🏻♀️ also watching this... 🙌🏻
I am Brazilian, and i watch This Channel at least one time per week
If it hadn't been for the new deal millions would have starved to death
If it hadn't been for the new deal America might have actually recovered before WW2
@@zaper2904 That isn't right
@@zaper2904 America had recovered by WW2. If it wasn't for new deal programs, infrastructure projects, the U.S. would have been completely unprepared for land-lease and later total war. Unemployment was about 5 percent by the time the U.S. entered the war.
@@ajmari9585 Yeah if it wasn't for massive government spending that the modern economic consensus is delayed recovery by over a decade imagine where America would have been!
@@zaper2904 Are you implying massive government spending DIDN'T create the American juggernaut? You libertarian types who say "the new deal didn't get us out of the depression, world war 2 did" don't seem to get that world war 2 was the most MASSIVE centrally planned economic policy this country ever had, and look how it ended. We had the American "golden age" the post war 40s-60s era MAGA types want us to go back to to "Make America Great Again" an era of Keynesianist economics and strong labor laws. ever heard of the transcontinental highway system? A massive government spending policy in 50s prosperity implemented by a Republican president.
That policy that change from Great Economic depression by Franklin D Roosevelt American President to introduce many scheme for people
You forgot to mention the detrimental price control he initiated (source: Basic economics fifth edition by Thomas Sowell). This video is not a neutral account of Roosevelt's archivements.
I think my perspective is opposite of yours on the New Deal, but completely agree, this video has a heavy bias that is not as well disguised as they thought; that compromises trustworthiness.
on what commodity did he impose price control?
I'm reading that book right now.. decided to search thru the comment section to see if anyone would bring it up... but all i see is praise for FDR. Price control is a big NO!!
woah i just noticed this was posted 37 minutes ago
Can we get an F for the Upper Peninsula in the thumbnail?
2:55 " oh yah granny is gonna get lit with this"
I think that these videos are more interesting than what they teach us at school , does anyone agree?
No not really sounds like you were just bad at school
@@tommybriggs4405 Shut up, Tommy Briggs. We all know schools don't teach real history anymore and that's part of the problem.
@@GenerationX1984 AP classes do.
These are great visual summaries that complement history classes.
Take history classes at a community college, commit to the reading, and if you find a dedicated professor you're in for a great time.
The government will never “save “ you. Never has and never will.
Did you even watch the video? Ever taken a history course (AP US History, or courses in college)?
@@aBusybee apush is heavily biased towards the left. Social programs like social security are bankrupting America and need to be abolished
@@arandomuser3329 How is it bankrupting America? Please enlighten me. I currently pay into social security. This social pension is setup to pay it forward - my dollars go to today's recipients and when I retire workers of that time will pay my social security . Even if social security fails, it will not bankrupt America. In fact, it keeps the lights on for millions of Americans by supplementing their income during their retirement years or for those severely disabled. The problem is not keeping funding to social security current with need. If we do not improve how social security is funded, the program will run out of funding. That's not bankruptcy. You don't know what you're talking about.
@@aBusybee Social Security is a Ponzi scheme that takes from the poor and gives to the rich. Almost 20% of 60+ year old households are millionaire households.
It’s also an inefficient system compared to investing. The median individual income in the U.S. is ~$35,000, meaning the median person pays about $2,179 per year towards social security (Not including employer’s contribution).
If they instead invested that money every year from 20-65 and got an 8% return, they’d wind up with $907,984 at age 65. Thats 50x the average annual Social Security benefit of $18,000.
We need to encourage investment, not continue to have a shrinking workforce support a growing retired population - many of whom are already perfectly capable of supporting themselves. A trillion dollars is spent every year on social security, which is contributing a lot to our budget deficit.
@@TheUnfriendlyfire so you're suggesting the ultimate solution is to replace a safety net with 100% private investment?
8% is not guarenteed. Year after year Future earnings are not guarenteed.
I pay into social security, 401k with matching, and a pension. It's called the 3 leg model and is designed to fund one's retirement from three different sources in case one or more fail to deliver projected earnings. Social security is not intended to be one's sole source of retirement.
Furthermore, you want to boost the economy and fix the current problems with social security? Import more immigrants. There are plenty of industries in demand for skilled labor. Many americans are not interested in these skilled jobs despite offers to train them. We can fill these positions with immigrants who want to become americans and will gladly do these jobs. I myself work in a specialized trade where most of my peers are immigrants (a lot of americans want white collar jobs).
I disagree that social security contributes to our deficit. Bad tax policy is why we have a deficit.
The trump tax bill increased our deficit and the bush tax bill increased our deficit. Not adjusting contributions requirements and colas with inflation for social security is another part of the problem as is stagnant wages.
It's been shown time over time that lower taxes for "job creators" does NOT correlate with more jobs created. In fact first economics classes will explain that raising taxes within an equilibrium will help the economy.
Also, great recession proved thst there can be times when there is more money than good investments. The high demand for returns led to investors pawing for any investments including nina loans being repackaged into etfs and creating the housing crisis and global recession.
Recent economic turmoil has shown how people are investing in junk, cryoto, and startups that acknowledge they have no path to profitability such as lyft and uber.
The victims of actual ponzi schemes such as Bernie Madoff are relying oj social security as their fallback because their hedgefund turned out to be an actual scam.
So yeah, you're flatout wrong.
So the new deal didn’t work?
It did not live up to it's expectations.
@@ChrisCaldwell I sense the Libertarian in you is fighting the Social Democrat in me.
Every episode in this channel is so professionally done. This should be within the television. Mr. President Franklin Delano Roosevelt had four terms as our President and passed away while he was at the start of his fourth Presidential term. This happened long before I was born into our world. I was born into our world in the 2000s. I am a very young American generation Z baby. I will be our future USA President when I will be old enough for the job in the future.
🇺🇸🇺🇸🇺🇸🇺🇸💙💙💙💙
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The New Deal was actually an amazing expanded upon version of Hoover's policies and the "successes" of it were only seen when we became a war economy. Minor parts of it actually improved America but not a single one assisted in alleviating the depression. The only reason it could even be seen as moderately successfully is due to how FDR used his personality to boost morale. While the official end of the depression was in 1933 conditions only began to improve in 1941. It's also due to widespread government propaganda that we now view it as we do
Also his banking policies was a mere promise to put the average man at ease, while doing nothing of substance
Also some historians and economists believe that the great depression ended after ww2 when the economy actually started getting better due to people returning from war and wanting jobs. Making war ships and shrinking them doesn't help the economy really.
I think events like these clearly show that even from an individualistic standpoint it is better to have some "socialistic" programs as the only ones that don't benefit are the very rich. A bit more tax, but you receive far more in return and as a bonus, you are improving the country you live in
How can you receive more for you taxes than just keeping your own money in the first place?
@@moto-fl3rd To generalize think of it mathematically: if you had to pay 40% tax as a poor or middle-class man and earned 1000$ (just an arbitrary number) you would pay 400$, but a very rich man would pay 40.000.000$. And in a country of you two, you would then benefit more because of different projects, free healthcare, labor laws, and more that would benefit you. Just like in the video. If it were just a country of middle-class people it would take some more time as the tax would be a kind of investment in your country, but in a country like the US where the top 1 percent has more wealth combined than the middle class, it would surely be a great deal for the poor and middle-class and even those just above middle-class.
EDIT: And as such a developed nation like the US, I am sure you can get this kind of system working without corruption set in like Scandinavia has been able to do
EDIT2: But maybe you would first need a change in your electoral system so it isn't always the 1 percent that runs the country
@@bobthegoat7090 I believe the top 1% already pay 40% or more of the taxes that the government receives. And giving a $100 to the government to get back $50 in "free healthcare" still doesn't make sense to me.
@@moto-fl3rd We now know that they pay 0% since their tax info was leaked. Now some of the 1% are trying to sue the people who leaked the truth about them.
@@GenerationX1984 no the top 1% pay over 40% of the taxes the US government receives.
I have a plan when he arrives, we...,run...,away.
Worked for Napoleon
it's called united states, not america
Franklin Delano Roosevelt, often referred to by his initials FDR, was an American politician who served as the 32nd president of the United States from 1933 until his death in 1945.
Studies say we need something similar to this right now. The Legislation that comes close to this is the Green New Deal.
How about the government takes all your $ in taxes and gives everyone what they think they need? You don't need to have a car or cookies or to have a thermostat that heats your house above 60° or cools it below 80° or new shoes every 5 years right?
@@moto-fl3rd doesnt sound like a good idea. Basics like transportation and roads, police are better though.
I wish Spotify had teded
Could you please explain the political reversal of the South? It went from being democratic to republican
The Civil Rights Act of 1964 and the Voting Rights Act of 1965. Southern Democrats ("Dixiecrats") saw this as a betrayal by LBJ, a son of the south, so they switched parties.
African Americans, many of whom were Republicans (honoring Abraham Lincoln) switched to the Democratic party.
@@christophersmith3005 No, that never happened. Less than 1% of Dixiecrats switched parties. The remaining 99% were Democrats for life. Note that the south voted almost exclusively Democrat until the 1980's, and that shift to voting Republican was in rejection of the Democratic Parties constant march towards the far-left.
@@christophersmith3005that never happened
having good government is our greatest proctection, assest, security and right.
@@ChrisCaldwell "good government" means just that. They protect the rights against attacks
@@ChrisCaldwell We have things to protect us. They're called laws. Unfortunately we're no longer protected from being exploited or even murdered by billionaires since the laws are now written by the wealthy. The movie Robocop may as well have been a true story. Corporate power has gotten out of control. Only the dummies can't see it.
People who like to say it was WW2 that helped bring us out of the depression, not federal funding forget that the war was federally funded.
That is true. But people forget his POLICIES still were working after the war.
I would argue, his policies, the challenge of world war Ii, and the economic oppurtunity when transformimg a country from developing to developed were all factors.
So no critical view of New Deal Policies just propaganda supporting it.
No one: 1 in 4 American are unemployed one of the most highest unemployment rate in the country's history
Covid: am I a joke to you
We desperately need another _New Deal_ or a 2nd more modern FDR.
That's a bad idea at best. You should do more research on this topic because the above video is not fact but opinion on the topic. Many economists and historians see as the "New Deal" as the reason why the great depression lasted 15 years. (it only ended after ww2.)
But CoMmUnIsM is baaaadddd
It that sense I think FDR was the best president. He not only saw America through its worse financial crisis and the biggest war in the world, but was able to establish landmark labor legislation to boot. He wasn’t a flashy war hero or a founding father; he did what needed to be done and did it well.
1:08 anyone spot the Loki word
For all time. Always
In 1932 or 20's the great depression entered its third winter, people ate at soup kitchens while the rich galvanized round town. Most of the middle-poor class were unemployed rating the country's highest history, beside the recession in 1980's. In retrospect, this era drove people to lose their homes with little confidence that republican Herbert Hoover, (wasn't at first) can turn things around. LiMandri v. Judkins, 52 Cal. App. 4th 326, 60 Cal. Rptr. 2d 539, 1997 Cal. App. LEXIS 56, 97 Cal. Daily Op. Service 690, 97 Daily Journal DAR 1037
Ted ed is so good at making boring topics interesting! I mean they're literally talking about law. If my history teacher would have told me this exact same subject, I would have fallen asleep halfway through the lecture...
Don't forget gold confiscation.
2:25 lol TVA from Loki
1:32 wheres upper Michigan?
Sold ☹️
Has been sold 🔨
WHY DIDNT THIS VIDEO COME OUT WHEN I WAS LEARNING THIS 3 YEARS AGO
Don't be a Truckold flamebaiter and everything will be fine
Great you mention WW II, it helped
to the economy.
This is such a disingenuous take on the results of the new deal. in 1933, the unemployment rate was around 17%. The alphabet soup and chicken chasing that occurred from then on to the WW2 mobilization saw the unemployment jump around from 20% to 12% back to 20%. There is no evidence that anything other than the mobilization (and the resulting reduction in economic uncertainty) did anything for unemployment.