Every Recession and Depression in American History

Mr. Beat goes through every single recession and depression in American history. He really does. It's kind of nuts.

Are you a homeowner? Then you should be concerned about title fraud. Home Title Lock can protect your hard-earned equity. https://www.hometitlelock.com/beat

Thanks to Home Title Lock for sponsoring this video.

Produced by Beat Productions, LLC and Matt Beat. All images and video by Matt Beat, used under fair use guidelines, or found in the public domain. Music by @ElectricNeedleRoom , @badsnacks , @Kwon , and @QuincasMoreira . Creative commons credits: Bestbudbrian, Science History Institute, and pwbaker.

Here's an annotated script with footnotes: https://docs.google.com/document/d/1gUt9E1EI5gABZaUBeJ_pTEhw5GvuRcpY7Y3UL-gdteg/edit?usp=sharing

Sources/further reading:
From the American System to Mass Production, 1800-1932 by David A Hounshell
Purchase here: https://amzn.to/3F2RU3C
https://www.businessinsider.com/the-economic-crash-repeated-every-generation-1800-2012-1?op=1#first-the-big-picture-the-us-federal-government-began-selling-off-land-in-the-year-1800-since-then-there-have-been-peaks-and-valleys-of-land-sales-and-speculation-roughly-every-18-years-1
https://www.news9.com/story/5e8cf99cfa8ed3749a62c7a5/every-recession-in-us-history-and-how-the-country-responded
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
https://en.wikipedia.org/wiki/Economy_of_the_United_States
https://en.wikipedia.org/wiki/Economic_history_of_the_United_States

Related videos:
https://www.youtube.com/watch?v=M75akucrAuc
https://www.youtube.com/watch?v=6c5xjlmLfAw
https://www.youtube.com/watch?v=FACcKb003xc&t
https://www.youtube.com/watch?v=Pb7Bmew6Nlg

Join this channel to get access to perks:
https://www.youtube.com/channel/UCmYesELO6axBrCuSpf7S9DQ/join

For business inquiries or to send snail mail to Mr. Beat:
https://www.iammrbeat.com/contact.html
https://www.youtube.com/c/iammrbeat/about

How to support and donate to my channel:
Subscribe to @iammrbeat & hit the notification bell 🔔
Join for great perks on Patreon: https://www.patreon.com/iammrbeat
Donate to Mr. Beat on Paypal: https://www.paypal.me/mrbeat
Buy Mr. Beat a coffee: https://ko-fi.com/iammrbeat
Cameo: https://www.cameo.com/iammrbeat
Subscribe to my second channel: The Beat Goes On
Patreon for The Beat Goes On: https://www.patreon.com/thebeatgoeson

Connect with me:
Links: https://linktr.ee/iammrbeat
Website: https://www.iammrbeat.com/
Podcast: https://anchor.fm/thebeatpod
Reddit: https://www.reddit.com/r/mrbeat/
@beatmastermatt on Twitter: https://twitter.com/beatmastermatt
Facebook: https://www.facebook.com/iammrbeat/
Instagram: https://www.instagram.com/iammrbeat
Beatcord: https://discord.gg/g8cZPjt
TikTok: https://www.tiktok.com/@iammrbeat

Merch:
https://matt-beat-shop.fourthwall.com/
https://www.bonfire.com/store/mr-beat/
https://sfsf.shop/support-mrbeat/
https://amzn.to/3fdakiZ

Affiliate Links:
Useful Charts: https://usefulcharts.com/?aff=12
Fourthwall: https://link.fourthwall.com/MrBeat
StreamYard: https://streamyard.com/pal/d/5272340869152768

Because the United States has had the world’s biggest economy going back all the way arguably to the 1890s, that means this video kind of also went over every recession and depression in WORLD history since then. “But Mr. Beat, what about the Panic of 1792??” You know what, FORGET the Panic of 1792! (gasp!) And forget Panic at the Disco! They were an overrated band anyway. But seriously, obviously historians say there were more recessions than I mentioned.

And I’ll end this video with these thoughts. Recessions are pretty much inevitable. I don’t think we’ll ever be able to fully prevent them. In fact, we may even be in one right now and not even realize it yet. At least, certain YouTube channels have been telling us that for a while now.

And recessions suck. Like, they REALLY suck. For all of us.

Recessions mean you and I maybe not being able to afford to eat. Recessions mean more people desperate on the streets. Recessions mean more political instability, which often means more chaos…more violence….more wars. And depressions? Heck, depressions are so bad that it has historically led us to turn to FACISM as a solution. Yep, if we’re desperate enough, we’ll often put up with a ruthless dictator as long as we have access to clean drinking water.

And by golly I hope this is obvious by now. Learning about what caused past recessions is absolutely CRITICAL for not PREVENTING future recessions because remember, recessions are pretty much inevitable but learning about what caused past recessions is critical for helping us DEAL WITH and RESPOND TO future recessions. For the love of humanity, let’s stop making the same mistakes.

#apush #ushistory #economichistory