What Really Caused the Great Depression?
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Mr. Beat examines what really caused the Great Depression. Odds are, your interpretation of the true causes of the Great Depression are strongly influenced by your already strongly held beliefs.
Produced by Matt Beat. All images/video by Matt Beat, found in the public domain, or used under fair use guidelines. Music by Electric Needle Room (Mr. Beat's band): https://electricneedleroom.bandcamp.com/
Download the Franklin Pierce song for free:
https://electricneedleroom.bandcamp.com/track/franklin-pierce
Download the Calvin Coolidge song for free: https://electricneedleroom.bandcamp.com/track/calvin-coolidge-2
#greatdepression #apush #ushistory
Creative commons credits:
Andrii Makukha
Shirley Li/Medill
Sources referenced:
Econclips: The Great Depression | What Caused It?
https://www.youtube.com/watch?v=b0SW3BgwL14
Crash Course: The Great Depression: Crash Course US History #33
https://www.youtube.com/watch?v=GCQfMWAikyU
Reading Through History: History Brief: The Causes of the Great Depression
https://www.youtube.com/watch?v=Y5YPWRjSVJE
Additional sources used/further reading:
https://www.britannica.com/story/causes-of-the-great-depression
https://www.researchgate.net/publication/30386656_The_Collapse_of_the_United_States_Banking_System_During_the_Great_Depression_1929_to_1933_New_Archival_Evidence
https://www.cato.org/sites/cato.org/files/pubs/pdf/tbb-0303-14.pdf
https://fee.org/articles/what-caused-the-great-depression/
Eichengreen, Barry. "Hall of Mirrors: The Great Depression, the Great Recession, and the Uses—and Misuses of History." Oxford: Oxford University Press, 2015.
https://www.socialstudies.org/system/files/publications/articles/se_710270.pdf
https://www.stlouisfed.org/~/media/files/pdfs/great-depression/the-great-depression-wheelock-overview.pdf
https://www.stlouisfed.org/publications/regional-economist/july-2015/asset-bubbles-detecting-and-measuring-them-are-not-easy-tasks
https://www.senate.gov/artandhistory/history/minute/Senate_Passes_Smoot_Hawley_Tariff.htm
Snail mail Mr. Beat: PO Box 1982 Lawrence, KS 66044
Donate to Mr. Beat for great perks on Patreon: https://www.patreon.com/iammrbeat
Buy Mr. Beat's book, The Ultimate American Presidential Election Book: Every Presidential Election in American History (1788-2016) https://amzn.to/3fdakiZ
Donate to Mr. Beat on Paypal: https://www.paypal.me/mrbeat
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Mr. Beat favorites:
POP! Icons: George Washington https://go.magik.ly/ml/11jrb/
Useful Charts: https://usefulcharts.com/?aff=12
Recommended books:
Republic, Lost by Lawrence Lessing https://go.magik.ly/ml/11jul/
Truman by David McCullough https://go.magik.ly/ml/11jwc/
Studio equipment:
Canon EOS M50 Camera EF-M 15-45mm Lens https://amzn.to/3dcNPen
Samtian LED Video Light Kit https://amzn.to/3llDwHO
TroyStudio Acoustic Panel https://amzn.to/33CkqHn
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After scouring as many different sources as possible over the years, I have compiled one giant list of 18 possible causes of the Great Depression, and here they are:
Lack of economic diversity
Unequal wealth distribution
Unstable banking system
Bank panics
Too much credit in 1920s
Not enough credit in 1930s
Money supply was too high in 1920s
Money supply was too low in the 1930s
Federal Reserve raising interest rates at wrong time
The gold standard holding back economy
Decreased international lending
Increased tariffs (Smoot-Hawley Tariff)
Lack of consumer confidence
Trying to balance the budget
Asset bubbles
Drought conditions
Overproduction of goods
Government intervention with labor
While all of those causes are correct to a certain degree, some are less credible than others. Plus, some of these can be combined and are definitely related. And I do get that this list might be overwhelming. And so I’ve come up with a TOP FIVE LIST.
5. An unstable banking system
4. Asset bubbles
3. Increasing tariffs and other taxes when people were struggling
2. Too much money supply in the 1920s, too little in the 1930s
1. Too much credit in the 1920s and too little credit in the 1930s
Видео What Really Caused the Great Depression? канала Mr. Beat
Premium subscribers get special member pricing: up to 65% off the regular retail price
Mr. Beat examines what really caused the Great Depression. Odds are, your interpretation of the true causes of the Great Depression are strongly influenced by your already strongly held beliefs.
Produced by Matt Beat. All images/video by Matt Beat, found in the public domain, or used under fair use guidelines. Music by Electric Needle Room (Mr. Beat's band): https://electricneedleroom.bandcamp.com/
Download the Franklin Pierce song for free:
https://electricneedleroom.bandcamp.com/track/franklin-pierce
Download the Calvin Coolidge song for free: https://electricneedleroom.bandcamp.com/track/calvin-coolidge-2
#greatdepression #apush #ushistory
Creative commons credits:
Andrii Makukha
Shirley Li/Medill
Sources referenced:
Econclips: The Great Depression | What Caused It?
https://www.youtube.com/watch?v=b0SW3BgwL14
Crash Course: The Great Depression: Crash Course US History #33
https://www.youtube.com/watch?v=GCQfMWAikyU
Reading Through History: History Brief: The Causes of the Great Depression
https://www.youtube.com/watch?v=Y5YPWRjSVJE
Additional sources used/further reading:
https://www.britannica.com/story/causes-of-the-great-depression
https://www.researchgate.net/publication/30386656_The_Collapse_of_the_United_States_Banking_System_During_the_Great_Depression_1929_to_1933_New_Archival_Evidence
https://www.cato.org/sites/cato.org/files/pubs/pdf/tbb-0303-14.pdf
https://fee.org/articles/what-caused-the-great-depression/
Eichengreen, Barry. "Hall of Mirrors: The Great Depression, the Great Recession, and the Uses—and Misuses of History." Oxford: Oxford University Press, 2015.
https://www.socialstudies.org/system/files/publications/articles/se_710270.pdf
https://www.stlouisfed.org/~/media/files/pdfs/great-depression/the-great-depression-wheelock-overview.pdf
https://www.stlouisfed.org/publications/regional-economist/july-2015/asset-bubbles-detecting-and-measuring-them-are-not-easy-tasks
https://www.senate.gov/artandhistory/history/minute/Senate_Passes_Smoot_Hawley_Tariff.htm
Snail mail Mr. Beat: PO Box 1982 Lawrence, KS 66044
Donate to Mr. Beat for great perks on Patreon: https://www.patreon.com/iammrbeat
Buy Mr. Beat's book, The Ultimate American Presidential Election Book: Every Presidential Election in American History (1788-2016) https://amzn.to/3fdakiZ
Donate to Mr. Beat on Paypal: https://www.paypal.me/mrbeat
Buy Mr. Beat T-shirts, coffee mugs, etc.: https://sfsf.shop/support-mrbeat/
More merch: https://www.bonfire.com/store/mr-beat/
Reddit: https://www.reddit.com/r/mrbeat/
Mr. Beat's band: http://electricneedleroom.net/
Mr. Beat on Twitter: https://twitter.com/beatmastermatt
Mr. Beat on Facebook: https://www.facebook.com/iammrbeat/
Mr. Beat on Instagram: https://www.instagram.com/iammrbeat
Mr. Beat's Discord server: https://discord.gg/g8cZPjt
Mr. Beat favorites:
POP! Icons: George Washington https://go.magik.ly/ml/11jrb/
Useful Charts: https://usefulcharts.com/?aff=12
Recommended books:
Republic, Lost by Lawrence Lessing https://go.magik.ly/ml/11jul/
Truman by David McCullough https://go.magik.ly/ml/11jwc/
Studio equipment:
Canon EOS M50 Camera EF-M 15-45mm Lens https://amzn.to/3dcNPen
Samtian LED Video Light Kit https://amzn.to/3llDwHO
TroyStudio Acoustic Panel https://amzn.to/33CkqHn
Blue Snowball iCE USB Mic https://amzn.to/2GseOHa
I use MagicLinks for all my ready-to-shop product links. Check it out here:
https://www.magiclinks.com/rewards/referral/mrbeat/
FTC Disclosure: This post or video contains affiliate links, which means I may receive a commission for purchases made through my links
After scouring as many different sources as possible over the years, I have compiled one giant list of 18 possible causes of the Great Depression, and here they are:
Lack of economic diversity
Unequal wealth distribution
Unstable banking system
Bank panics
Too much credit in 1920s
Not enough credit in 1930s
Money supply was too high in 1920s
Money supply was too low in the 1930s
Federal Reserve raising interest rates at wrong time
The gold standard holding back economy
Decreased international lending
Increased tariffs (Smoot-Hawley Tariff)
Lack of consumer confidence
Trying to balance the budget
Asset bubbles
Drought conditions
Overproduction of goods
Government intervention with labor
While all of those causes are correct to a certain degree, some are less credible than others. Plus, some of these can be combined and are definitely related. And I do get that this list might be overwhelming. And so I’ve come up with a TOP FIVE LIST.
5. An unstable banking system
4. Asset bubbles
3. Increasing tariffs and other taxes when people were struggling
2. Too much money supply in the 1920s, too little in the 1930s
1. Too much credit in the 1920s and too little credit in the 1930s
Видео What Really Caused the Great Depression? канала Mr. Beat
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