When the economy slowed down and then suddenly collapsed, so did the stock market. First in London, then dramatically in New York. This triggered the so-called Great Depression, which was a world financial slump that lasted in most countries for around a decade, until the start of World War II.
Did investors and stock brokers who had lost it all leap off of buildings during the 1929 Stock Market Crash?
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Credit:
Created by Daniel Turner (B.A. (Hons) in History, University College London)
Script: Conan White
Narrator:
Chris Kane
Sources:
Six Days in October by Karen Blumenthal Copyright 2002
The 1929 Stock Market Crash by Martin Gitlin Copyright 2008
The Day the Bubble Burst by Gordon Thomas & Max Morgon-Witts
The Great Depression by Pierre Berton Copyright 1990
Guess when they saw the stock market fall they decided to fall with it.
Love and die with it
what falls faster
the man or his shares?
@Noah Johnson Your sense of humour.
“It’s what the kids are doin’ these days”
*jumps*
Fun fact: you can’t enter the stock exchange unless you wear a suit and tie
I entered the robinhood app with nothing but boxers and vodka
Is that true?
@BronyZone EXTRAS yes
@P4th3t1c no brown in town! Black is the better color
Or if your name is bane
The saxophone in the backround is really good
They always have it in their 20’s and 30’s (excluding WW2 usually) vids, I feel. I like it quite a lot too
Its saxxyy.. back then thats the type of music for romance and gets them bushes and forests wet …
Gibi used this music in his Chris Chan documentary
The Gibi cwc theme
It’s too loud
The best thing about this channel is that they *JUMP* to the point pretty fast
@Ikeybones Did you see what he did there
Marisa stole the precious pun
Ok weeb
lolk
Hoover: “the future of our country is bright with hope.”
Narrator: “it wasn’t.”
@DeltaKenny Dang Technology has had a destabilizing effect on society,
I get this reference. Kaguya sama is proud.
(Morgan freeman) oh but it was not bright not bright at all the the future was as dark as Gordon geckos soul
@The_Nuke FDR prolonged Great Depression
@DeltaKenny Dang Will it take another one to get us out of this horrible situation?
Hermes Conrad:”I’m gonna jump!!”
Everyone:”No!!”
Bender:”Do a flip!!!”
@Ananda pog
Use another method that won’t damage your liver!
Black
Best. Show. Ever..
Nobody:
Stock Brokers in 1929: ‘When trouble comes to town, I’ll tumble down’
you do understand that being poor at that time is hard
@AverageBoxingEnjoyer Evangelion ending song
@AverageBoxingEnjoyer come sweet Death
@jade orbigoso ah, a fellow man of culture
@AverageBoxingEnjoyer ~It all… returns… to nothing…~
Step dads ancestor lost every thing while being a stock broker jumped even though he had kids and a wife
@Nton pride and Godless
That means he loved his/their money more than his family.
@swag man 300k a year 130 IQ So escaping the reality by death while leaving family to starve is better solution than trying to recover?
@Megative right. That’s such a coward move
When money doesn’t rain from the trees, it rains broke brokers.
Too soon 🤦🏽♂️
And the Mafia is the cloud dropping the rain.
@Pickled Sausages he can always sell the Louisiana territory and get that money to wage war
😄😄😄😄😄
How does this make sense, if they’re broke how is money going to rain down from them
I wouldn’t be a bit surprised if this was actually true. People love money more then themselves & humanity.
@Muntadar easy to live without money during the great depression?…… the mortality rate rose to 63.3%. Not onyl did the people not uave enough money to sustain themselves in a healthy way, but crime, lack of medical assistance, lack of healthy foods etc etc, there are MULTIPLE pther factors. You see, its easy to survive without money when the COUNTRY itself has money, but when the country, the system and the entire world is broke, it stops being easy.
So true and its sad
@Mr. Trox this comment chain is absolutely disgusting these were real people who lost for what they worked for
@RaptorFromThe6IX People have gotten so used to hating on rich people for the fact they’re more fortunate than them, that when they see them fail and give in to their lowest point and darkest moments, they cheer and claim moral superiority.
They’ve forgotten these were *people* first and foremost, regardless of what they had in life.
1929 Market Crash: *exists*
Stock Holders: *”Close, your eyes you’ll be here soon”*
@James Priori your eyes you’ll be here soon…
@Freakgamer44 never seen omori but didn’t the Bo En song come before it? Or is it something else I don’t understand…
@iX infamous well, the trailer with the song came before the upload on his main channel so I would say it came first on OMORI
once the smell of bagels wafts in, a market crash is soon to follow.
buy silver. buy gold.
“Close, your eyes”? Is this part of the reference
I once heard a story about Empire State Building in New York during the Great Depression. When people came there and wanted to rent a room on higher floors, receptionist allegedly asked them if it was for a long or a “short” period of time.
Could you do a history of “war dogs” starting from the Roman Empire with the use of their Molossian all the way to modern dogs with the US Army
@Bazellez B that was there in the horrible histories book! 😀
@Bazellez B yep. Because the Germans used a different type of fuel than the Soviets. T-34s used diesel fuel, the Germans used gasoline.
@Bazellez B they would also get scared abd run back to trainers. With explosived
@03_Lưu Tấn Bảo I think a large part also had to do with the fact they used Soviet tanks to train them due to the lack of intact German tanks.
@Open Thinker yeah absolutely, the dogs cant really distinguish a Soviet tank and a German tank, it’s like a blind kamikaze pilot
I, briefly, worked for a sub-prime lender in 2006. After the final, complete collapse in 2008, a woman I worked with was pulling into a parking structure when another woman, who had jumped from the 6th floor of the parking structure, landed immediately in front of her car and died instantly. My former co-worker had the presence of mind to hit her brakes to avoid hitting the person who jumped but was severely traumatized by the incident.
With the way things are going now. I get a awful feeling we’ll see stuff like this happen again..
Funnily enough, railroads were very profitable during the depression. Though they didn’t hire new workers, there were almost no layoffs
*Great Depression takes place*
Hitler: Ok Germany it’s my time to Shine
The war did turn America from the Great Depression into a global superpower.
@Patriotic American no but it did help it was mainly ww2 so ironically hitler is the reason america became number one for more information theres a knowledgehub video
@Patriotic American, The U.S. became a superpower after World War II, but was recognized as a great power since the Spanish-American War.
Also F.D.R.’s New Deal at best it gave people who have no idea how economics work hope. In reality it prolonged the great depression until the economy was allowed to recover in 1946.
I remember when I was young seeing a documentary on hitlers rise and in one of his speeches I remember him saying “how many people have put their heads in their ovens?”
And I realized later he was talking about a method that people would use to commit suicide during the depression by turning on the gas and asphyxiating themselves
@RaptorFromThe6IX Now is China nr1 without any big wars
20% decline in stocks in 1900s
*jumps off building*
20% decline in cryptocurrency in 2020s
*just another day in crypto*
First time?
More like 200%
@Nicole Woodruff apple is a computer company, that makes portable computers, and AirPods as well. If he meant apple he would’ve said the biggest company
the difference is back in the day there is no central bank to save the banks when the bank went broke and wages at the time is extremely low and dangerous cryptocurrency doesn’t play a huge role in modern economy right now because of how unstable it was and the fact that it can be used for money laundering is certainly not attractive
@UniverseNerd No, he definitely meant apple. I don’t know what qualifies as ‘biggest’ in your opinion, but Apple qualifies as the most valuable in market-cap.
My grandma was 7 when the great depression happened. We’re still finding money in her home and she passed away in 2015.
Your grandmother is so cool that even in death, she’s financially able
I was reading a biography of a gentlemen who served in the 1st marine division in World War Two, and he said that on that day he was walking with his father and witnessed someone jump to their death. Crazy to think about