What really caused the Great Depression? (Patreon)

What Really Caused the Great Depression?

Sign up for Blinkist and get 25% off by going to https://www.blinkist.com/mrbeat 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