How the Great Depression Destroyed the Global Economy

The 1929 stock market crash did not cause the Great Depression by itself. So how did a panic on one street in New York end up burning coffee in Brazil, emptying silk villages in Japan, and helping put Hitler in power? This documentary tells the full story of how the Great Depression destroyed the global economy: the debt circle between Wall Street, Germany, Britain and France, the gold standard that tied every country together, the Smoot-Hawley tariff, the collapse of the Credit-Anstalt in Vienna, Britain leaving gold in 1931, the Federal Reserve's 1931 rate hike, the rise of the Nazis, Japan's invasion of Manchuria, and Roosevelt's bank holiday in 1933. If you've ever wondered why economies are so connected, why bank runs are so dangerous, or what the Great Depression really teaches us, this is the story. If this video helped you understand how the global economy really works, please like, subscribe, and tell us in the comments: which link in the chain do you think was the most important? #GreatDepression #EconomicHistory #WorldHistory #history