American Reacts to How the UK Got So Rich | Part 1
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- čas přidán 15. 04. 2024
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As an American I didn't realized how much wealth the UK has. Today I am very interested in learning about how the UK got so rich. If you enjoyed the video feel free to leave a comment, like, or subscribe for more!
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It's called the industrial revolution.
Imperialism.
@@nedludd7622 Actually the UK's wealth was nothing special up until the Industrial revolution 1780-1850... then it skyrocketed well above everyone else. However by 1850 USA had invested more in Industry than UK and slowly rose above everyone else in wealth. Since there will ever only be one main supplier on planet earth, UK wealth declined as USA's grew, surpassing UK in 1890.
Saying "Imperialism" is not only completely wrong, it's also completely ignorant. The ENTIRE planet where there was ANY civilisation, used "imperialism", even tribes. You can literately check world wealth stats over the last few centuries and join the dots. The answer is PURELY the industrial revolution. It was the only unique thing UK did and coincides with UK's sudden leap in wealth above others and coincides with America's, China's, India's and absolutely everyone else. Countries wealth jumps up when they turn heavily to industrialisation.
The real question is why it was the British who invented the modern world. How did it come about that the British were the first to make everyone (including the King) subject to the rule of law (1215), create the first Parliament (1260), elections every three years (1640s) free speech (1690s) and so on.
I suppose it’s just a fact that British were the greatest people in history. Greater than the Greeks or the Romans or the Ottomans.
It is amazing that such a tiny nation could come to rule almost a quarter of the world.
And of course the constitution that Americans are so proud of is just English law written in one document.
The answer is simple: historical contingency. I'm British, I like being British, but it's absurd to believe we're somehow extra special, that we're constitutionally different from everyone else, or something. We have been very lucky, particularly over the past 400-odd years. Back in the middle ages, we were considered a bit of a backwater.
Magna Carta wasn't some act of benevolence, it was an act of expedience on the part of the nobility. The industrial revolution happened in Britain in large part due to our geography and geology. The British Empire may not have even happened if the Spanish navy hadn't been unlucky with the weather. And the oldest parliament in the world is in fact the Icelandic parliament.
That isn't me shitting on the UK. Again, I like my country. It has done many great things (and many terrible things). But we're not a special people - or at least, no more special than anyone else. To pretend otherwise is to engage in magical thinking.
@@monkeymox2544 Thank you for writing much of what I was going to write. You could have also added employing completely ruthless and potentially psychopathic officers for the Royal Navy and incentivising them to behave like pirates in order to expand the British Empire and cripple other European empires. Likewise using what would now be called robber barons and drug barons to expand our business interests in places like India and China. So not really special but rather just plain nasty.
Another piece of fortune was that the USA decided by one vote to adopt English as their official language over German (they had a very large number of central European immigrants who spoke German.)
If they had adopted German it's entirely possible that they would have had a "special relationship" with Austro Hungarian empire and German states and subsequently Germany, and the outcome of the First World War and subsequent 20th century history would have been very different with a German language dominated European empire and the USA spreading German language and culture around the world.
Who are the british? A mix of Celts, Romans, Jutes, Angles, Saxxons, Vikings, French....as these attractive Islands became a cultural melting pot, swaddeled in battle for domination, it seems almost natural that with so much inherited "expansion temperament", and innovative heritage, these things develop. But who are the british, but a European cultural melting pot that can symbolize internally the unification of all Europe into a single cultural sphere. I think you missed this point when you decided to go it alone.... integration is the nature of history and evolution, but it can no longer happen primarily in britsh terms. Hah, you didn't expect a comment like this! ;)
Slave trade, looting the colonies (Navigation Act), selling cheap stuff (your lousy cars for example) totally overprized to their colonies, which were not allowed to buy from others, buying stuff for a very low price in their colonies and sell it very expansive. Look to London till now. Nowhere els in (Western) Europe, you will find so much poverty. And look into the country 40 Families are owning the majority of the land. There much more tenants than in Germany. The British were world wide marauders in the last couple of centuries, but for shure not the greatest people like @oldman1734 wrote.
@monkeymox2544 & @Unknownuser-rb9pd described it well
Well said, we have Celtic, Viking, Roman and Norman blood in our veins. How could such a rich mixture not produce the greatest country in the world
Having a world spanning empire for a few centuries also helps
Haha
It's always ruddy raining so we stay at home and invent stuff.😊
Tyler never fails to the miss the point...
The innovator is often rewarded. Look at the Royal Society since 1660 we've been front and centre in creation and innovation.
It's only comparatively recent years where British society has been constricted and the garden shed inventor, the radical Innovator has been denied. Thus the flat line in recent years coming from the UK. Thank the EU for that, let's hope they release the stored up unconventional creative talent in the UK again. We won't see benefits until we do.
Were not Richie rich rich because unlike others we squandered our oil wealth. Not completely wasted but shortsightedness - Norway did better.
Like everything else wealth is objective based upon the criteria used. So it's a subjective look at an objective fact. It's why the USA always claims to be rich but they're not, they're just focusing on gross not nett.
historically great Britain became rich and powerful and advanced quicker than anyone else is down to our ability to transport crap from a to b quickly and efficiently. Small country surrounded by the seas , transport everything by boat , Use rivers when you can or build a canal when you can't . or invent the railways , spend loads on the navy , expand . Something like that x
In regards to the GDP per capita of Luxembourg and Monaco and such, a lot of it is due to relatively low population and tax, which encourages people with lots of money to move there to benefit from the tax rates, and as such increases GDP per capita significantly due to a low population size
Do you actually read the comments. Just asking because I haven't seen you respond to any in the comment section.
He and MOST reactors NEVER read the comments section... Too busy uploading their next video, to please the CZcams algorithms... 😂
@@stewedfishproductions9554 To be fair Yoot is a voracious beast. If you don't keep feeding it it will spit you out.
I just love the comments section, its the best always gives me a good laugh
The Union Flag, the flag of the UK, at 2.33 is upside down ( yes there is a right way up). A sign of distress to those in the know.
There seems to be this unspoken competition between London and New York City. Maybe you can react to uncovering this competition. I think an underlying premise of this competition involves banking, international finance and possibly even law. An X-factor in this competition appears to be their potential links or relations with Washington DC. How does London, NYC and DC interact?
UK general government gross debt was £2,654.3 billion at the end of Quarter 3 (July to Sept) 2023, equivalent to 100.0% of gross domestic product (GDP). UK general government deficit (or net borrowing) was £39.2 billion in Quarter 3 2023, equivalent to 5.8% of GDP.
The thing nobody talks about is wealth distribution, in the UK at a generous estimate about 10-20% of the population own 80% of the wealth. And most of the UKs assets are owned by the top 5 to 10%
The 80/20 Rule is universal. I suggest you look up Pareto.
Three words The Industrial Revolution
AND several OTHER three...
The Most Influential, The Most Inventive and The Most Diplomatic - to name a few strengths that those in the UK and Ireland have... 🤔😎😎😎
We grew the empire through commerce!
Threaten with guns
Rule and institute democracy and trade
Reap the benefits
Sit back and just wait for them to get fed up and want to rule themselves again.
India is still using our system and infrastructure
As is Canada the US and Australia etc
Man this channel has been beating a dead horse for quite a while, with the occasional interesting video, but now it's to the point where Tyler is reacting to videos he's already posted... He reacted to this exact video a year ago here czcams.com/video/3kk8NbP8Ut8/video.htmlsi=tl9Z-Ty7WMuXA6O1
That one's twice as long though
Hi Tyler; oh dear we are only 2 and a bit minutes into this and the video you are playing and they are flying the Union Jack upside down. When its on the flagstaff inverted then the soldiers are telling other units they are in deep trouble, it indicates "distress". It also denotes two fingers to you and your country as well as a distress signal to other units of your own soldiers/country. Just a tip - how to tell, at the mast the stripes, if you like, are presenting at an angle to the mast and the red stripe isn't in the middle, both strips however are identical on that one side. For an SOS/distress the broad band of white is UNDER the red stripe. So this flag is at distress. When you buy a Union Flag Tyler, to fly from the top of the tallest turret at your new Castle just ensure the broad band of white is uppermost, otherwise its egg on your face! From the web - Fly the flag upside down for a distress signal. Flying the Union Jack upside down is a coded distress signal, and should only be used as such. In the UK, flying the flag upside down may be considered an insult, even if it was an honest mistake. So there you are, you are now an expert on flying the Union Flag correctly - unless you are up to your neck in mud and sinking fast and need help!
You already reacted to this same video last year.
This is up by £8.8 billion from £1,829.9 billion at the end of January 2023, an extra £165.39 per UK
The British Union flag flying near the beginning of this video is upside down. If you look carefully the diagonal red cross on the white diagonal cross is not centred, there is a broad white stripe and a narrow white stripe (I hope that makes some sort of sense) and the broad white strip should be uppermost at the flagpole, the one shown has the narrow white area of the diagonal stripe uppermost. When flown like this on a ship, it signals a problem. Imagine how you would feel if the Stars and Stripes was flown upside down? His 20% figure for manufacturing contribution to our economy is wrong, it was recently revised to over 30%.
I’m afraid you appear to have that wrong the most recent figures are that manufacturing contributes 16.68% to GDP .
In the 1970s this was 25%
Gary, Indiana, beautiful place 😅
You did this video once before 🤔
The top nations wealth per capita chart is skewed because they are "tax haven" nations. Countries that just have many many companies registered with them to avoid paying tax. The wealth doesn't actually stay in those countries. So the per capita chart is somewhat misleading unless you remove the tax havens from it.
Britain (and Ireland at the time) was for over a century the largest economy in the world up until the early part of the 20th century and was the 2nd largest for much of the 20th century after that.
We have been in decline ever since and our GDP per person is much lower than countries like Ireland, Netherlands, Germany, Switzerland, Scandinavian countries etc. as well as many countries further afield (Canada, USA, Australia, Singapore for example).
Quite simple really. The Uk looks outwards. Not inwards like the US. We go out into the world to do trade to work and all the money we make doing that comes back to the UK
Why? As Frankie Boyle would say - it's very simple: because gun beats spear!
PS: Am I the only one finding that Tyler's channel is unusually prone to that CZcams error where the page loads the comments to a totally different video?!
Tv and phones, steam engines, trains etc invented by Brits. You can grovel at our feet and thank us later! We had coal and iron and trees. We made iron and steel and ships to export them all as trade. You have parliaments and human rights based on our laws which we took these to the rest of the world. The uk does not have a big percentage of agriculture and manufacturing but our banking structure is huge as is our leisure industries.
TV (Braun'sche Röhre/Tube) and phone was invented by Germans. And ask all the poor living in your rotten dirty cities starving. Or the children working in coal mines about their Human Rights.....
*Leisure* 🏴❤️🇬🇧🙂🖖
We score really well on two other things too. Sarcasm and humility. 😅
Fantastic 👍 x
Hasn't he reacted to this video before?
Haven't you said this before????
All those kettles it sells!
Debt is hugely complicated and somewhat needed. It's not like personal debt a lot of what the nation owe is debt to itself, foreign debt in UK is about 1/3rd. Pension funds an banks own most of the rest, so it sort of feeds itself (assuming a growing economy). The total is about 1-to-1 with GDP.
IDK USA break down. But thankfully our political system doesn't allow it to strangle itself and bring government to a halt over pettiness (we have enough of that already)
Something along those lines
UK National Debt in 2023, was just over £4.8 trillion - just passed 100% of GDP for the first time since 1961.
As of March 2023 the UK National debt was £2,537,0 Billion or 100.5% GDP (Gross Domestic Product).
It took 75 years before the UK WWII War Debt to the US was finally repaid. A big news splash of the then Chancellor handing over a symbolic cheque in 2020. Russia hasn't even started repaying theirs to the UK for what we supplied to them via the Arctic Convoys.
The world runs on debt too. A lot of people would automatically think debt is bad (because if I as an individual had a lot of debt, that would seriously impact me) but as a country it doesn't work the same way
The population of Europe is similar to that of the US, so it’s probably worth comparing the GDP of the combined United States of EU.
As of 2023 great britains nation debt is around 2.6 billion
Every American on everything British... "I was not expecting that!!" 🤡🤡🤡😂😂🤣🤣
Because we came up with capitalism long before the USA was even a country
Yep and we mastered the use of boats/ships howd's it go "Rule Britainia, Britainia rules the waves "
I actually think English could be more patriotic than America. America gets the wrap of being patriotic because of guns, pledge of allegiance etc, but if any outsider says one thing bad about the UK we all seem to chime up and let them know about history, Having the wars obviously pushed our psyche in that direction too it seems..
Dont sound too surprised, Tyler lol
it is Great Britain, after all 😃😃😃
Schooling is not compulsory. You can choose to home tutor your child.
Average salary is meaningless if you include the 1% and exclude the 40% on benefits or assisted wages.
lack of red tape
Boy yea if countries could force the US to pay it's debts and it couldn't just keep having unlimited debt it wouldn't be the superpower it pretends to be, any country could be as powerful as them if they could have unlimited debt without consequence.
Lots of other countries are wealthier than the uk. Largest economy doesnt mean rich. We just have a strong finance sector. Outside of London its pretty poor. You want a rich country look at Luxembourg or Switzerland.
Tell all the homeless people in all of these countries about how rich there country is
They're trying to push through a law that says it's illegal to be homeless in the UK. This means the government has to put safety nets in place for anyone who falls on hard times.
Tell that to many other rich countries too? we’re not the only country higher up GDP wise to have lots of homeless people, please don’t act like we are
The US is the richest yet 1/500 people are homeless.
@@pipercharms7374 its because how many people are rich & population isnt really part of the story. If it was Luxembourg or Switzerland would be top. Then you have some Scandenavian countries where inequality is very low.
Sea power! Simple!
Lots of the UKs manufacturing has shut down over the past 50 years.
Shame
Correct... BUT we are STILL 5th in the money... WHY, because we diversified and didn't 'rest on our laurels' - that's how the UK keeps ahead of the rest. NOT by listening to NEGATIVE comments by losers.. Just saying 😊
Geographic size does not make a country powerful. It’s more about influence and economic power.
We're 2.25 trillion in debt Tyler folk are living hand to mouth. With poverty higher than its been in years. That's the truth 😢
I bought my 3 bedroom ground floor flat for 101,000. Take away London and the average price of everything comes down
GDP per capita is indeed a measure but itself is misleading. Small very wealthy tax haven countries come to the top of the list including Ireland as they have massive corporation HQs and banks resident but the majority of the population see nothing of that wealth - so the GDP per capita is a false measure in that regard.
We are not rich. We went broke fighting world war two. And it took many years to pay off our debts. We had rationing in the uk from 1940 until 1952. We older people do not forget.
Ask ebt
Geography.
japan is 250 per cent
Britain's debt £2,654.3 billion
Big deal.
The state of California has only 39 million people and the same size (or slightly larger) economy. Even the state of Texas with approx. 30 million people has passed Canada and is gaining on the UK.
But who the heck would want to live in a whole like Texas?
God doesn't sh*t on his own doorstep.
California's GDP alone is roughly the same size as the Whole of the UK Economy, We aren't rich compared to America, but in Europe and the wider World yes.
States of America are essentially mini countries under one nation, like the EU.
the english invented cricket snooker and the modern 0lympic games and boxing etcetera etcetera!
Whoever made the video he is watching should have noticed the union flag is upside down. Or was he saying the UK is distressed?
Selling smack or brown from Afghanistan to China 🇨🇳
Oh how things have changed
1720th
unlike norway we wasted and keep wasting our north sea oil revenues
What does 'wasting' mean ? - Seriously, explain what your comment means, I have NO idea and am VERY curious what YOU seem to think - DUH? 🤔 DO EXPAND on this because I am at a loss to understand,. Thanks, in anticipation of more info - ALTHOUGH I doubt you will reply with a cogent explanation?😅😅😅
@@stewedfishproductions9554 norway invested their oil money buy investing in govermnent fund which is now worth 10s of billions of pounds. - the uk spent it on cutting taxes for the richest inhabitants which has resulted in a very unequal society our debt is now nearly 100 per cent of gdp and the cost of living is out of control - that my opinion obviously but i am sure most would agree
Its actually a complete myth that Britain is a rich country. There are of course many rich people in the UK, but they're in the minority and the poor are dirt poor by first world standards. Everything is also getting more and more expensive.
That 'rule' applies to most other countries too... The rich get richer and the majority are poor in comparison. The exceptions are places like Monaco or Switzerland etc. At least of the FIVE countries mentioned, ONLY the US does NOT have a national healthcare system!?
Do you have to repeat everything.
The empire cost more than it ever made because of costs to police it with army and navy
There will be some bitter British pulling us down…!
Yes, Dumbo, it is a few years old.
The trouble for the UK since then is that its inflation has been higher than in the US, while its economic growth has been lower than in the US.
The cat lady is back !! You weren't missed.
The uk didnt. A few people in the uk got very rich the vast majority got 💩 on by them from, a grest height!
Because rich people are spend thrifts
First
43.000 USD per capita 😂😂😂😂. (I am Norwegian)
I don’t think it’s the 5th anymore, I think it’s 6th 😂😂😂
Still pretty amazing considering we are 21st in population, and 80th in size! 🇬🇧
I hate people who try and knock their own.
@@valeriedavidson2785 SO DO I!! But I will call something out if I see it. If ‘we’ are this rich, where is the money? Why are so many people in absolute poverty?
@@katydaniels508 Because you will get that in all countries of the world, unless you prefer communism.
@@valeriedavidson2785 you think people not living in absolute poverty is communism? I didn’t say everyone living equally, I actually think that is bad for society! All I’m talking about is a nurse being able to put their heating on in the winter. I don’t think that is too much to ask
They also invented Brexit ,no one knows how it works but they invented it 😂😂😂
And Brexit is good, good, good.
@@valeriedavidson2785 With all those good’s sounds like your trying to convince yourself 😁
@@malcolmbindon5911 I do not need to be convinced having waited over 40 years for the happy day.
how are we rich? - we owe 100 per cent of our gdp
If you ever stop talking you may learn something, also tone the fake laugh down.
I love how most of the comments on here are by people who would be the first to criticise American "arrogance" and overinflated patriotic pride. Good to see that old fashioned British self effacing humility alive and well here 🙄
This is outdated, we are now 7th or 6th economy
The uk isn’t very wealthy anymore it we will soon be a third world country soon how things are going
The wealth is still there mate. The Tories have been redistributing it to their mates as usual. Hopefully we'll have non-sociopaths in charge by the end of the year.
I think you mean no socialists ever in charge ever 😂
IF I kept reading and/or listening to people making negative comments like yours... I might start to believe it! But, I DON'T and ONLY think the same positive thoughts that has kept the UK ahead of the rest... Adolf would have walked all over you SMH 🤔
Remember that Wales is poorer than Ethiopia.
Really !? DUH ! I believe I would HAPPILY live in Wales... What an idiotic comment which makes NO SENSE whatsoever... 😂😂😂
1.) It's not so rich.
2.) Stealing from India.
Stealing from India? £1.7 billion was given in "Foreign Aid" to India in 2023 alone .
Stopping India fighting within itself, giving it a railway and parliament, giving it clean water and stopping widows being thrown on husband’s funeral fire. Your welcome
America, nicked all it's land from Native Americans and now has a dysfunctional government.
I have been to India a few times and ALL those I have ever met 'seem' to love the British and show NO dislike or animosity towards us. TBH they 'appear' to WANT to visit the motherland (their words), when given the chance - WHERE are YOU from? I'm very curious - DO TELL... 🤔😎
HEY Tyler Pimple the Brainiac from Indianana or some other hick town