922
Lectures Watched
Since January 1, 2014
Since January 1, 2014
- A History of the World since 1300 (67)
- History of Rock, 1970-Present (50)
- A Brief History of Humankind (48)
- The Modern World: Global History since 1760 (35)
- Chinese Thought: Ancient Wisdom Meets Modern Science (34)
- The Bible's Prehistory, Purpose, and Political Future (28)
- Introduction aux éthiques philosophiques (27)
- Roman Architecture (25)
- Jesus in Scripture and Tradition (25)
- Sexing the Canvas: Art and Gender (23)
- Descubriendo la pintura europea de 1400 a 1800 (22)
- Introduction aux droits de l'homme (19)
- Buddhism and Modern Psychology (18)
- Calvin: Histoire et réception d'une Réforme (17)
- The Ancient Greeks (16)
- The French Revolution (15)
- À la découverte du théâtre classique français (15)
- Christianisme et philosophie dans l'Antiquité (14)
- Key Constitutional Concepts and Supreme Court Cases (14)
- Letters of the Apostle Paul (14)
- Egiptología (12)
- Western Music History through Performance (10)
- Phenomenology and the Conscious Mind (9)
- Human Evolution: Past and Future (9)
- Greek and Roman Mythology (9)
- Alexander the Great (9)
- The Great War and Modern Philosophy (9)
- The Rise of Superheroes and Their Impact On Pop Culture (9)
- Villes africaines: la planification urbaine (8)
- Masterpieces of World Literature (8)
- Programming Mobile Applications for Android (7)
- Introduction to Psychology (7)
- Fundamentos de la escritura en español (7)
- MongoDB for Node.js Developers (7)
- Pensamiento Científico (7)
- Greeks at War: Homer at Troy (7)
- Lingua e cultura italiana: avanzata (6)
- A Beginner's Guide to Irrational Behavior (6)
- The Emergence of the Modern Middle East (6)
- Reason and Persuasion Through Plato's Dialogues (6)
- Fake News, Facts, and Alternative Facts (6)
- Karl der Große - Pater Europae (6)
- The Rooseveltian Century (6)
- Exploring Beethoven's Piano Sonatas (5)
- Dinosaur Paleobiology (5)
- Understanding Einstein: The Special Theory of Relativity (5)
- L'avenir de la décision : connaître et agir en complexité (5)
- Designing Cities (4)
- Problèmes métaphysiques à l'épreuve de la politique, 1943-1968 (4)
- The Kennedy Half Century (4)
- Introduction to Public Speaking (4)
- Emergence of Life (4)
- War for the Greater Middle East (4)
- Postwar Abstract Painting (3)
- Découvrir l'anthropologie (3)
- Analyzing the Universe (3)
- The Music of the Beatles (3)
- La visione del mondo della Relatività e della Meccanica Quantistica (3)
- Initiation à la programmation en Java (3)
- Formation of the Universe, Solar System, Earth and Life (3)
- History of Rock and Roll, Part One (3)
- La Commedia di Dante (3)
- Devenir entrepreneur du changement (3)
- Introduction à la philosophie de Friedrich Nietzsche (3)
- Moons of Our Solar System (3)
- Orientierung Geschichte (3)
- Paleontology: Early Vertebrate Evolution (3)
- Western Civilization: Ancient and Medieval Europe (3)
- Russian History: from Lenin to Putin (2)
- L'art des structures 1 : Câbles et arcs (2)
- Art History for Artists, Animators and Gamers (2)
- Introduction to Classical Music (2)
- Galaxies and Cosmology (2)
- The Science of Gastronomy (2)
- The Fall and Rise of Jerusalem (2)
- Søren Kierkegaard: Subjectivity, Irony and the Crisis of Modernity (2)
- Philosophy and the Sciences (2)
- Understanding Russians: Contexts of Intercultural Communication (2)
- The European Discovery of China (2)
- Our Earth: Its Climate, History, and Processes (2)
- Découvrir la science politique (2)
- Introduction à la programmation en C++ (2)
- Géopolitique de l'Europe (2)
- Gestion des aires protégées en Afrique (2)
- Lingua e letteratura in italiano (2)
- The Changing Landscape of Ancient Rome (2)
- Materials Science: 10 Things Every Engineer Should Know (2)
- Highlights of Modern Astronomy (2)
- La Philanthropie : Comprendre et Agir (2)
- The Science of Religion (2)
- Advertising and Society (1)
- America Through Foreign Eyes (1)
- Superpowers of the Ancient World: the Near East (1)
- The Art of Poetry (1)
- Bemerkenswerte Menschen (1)
- Big History: From the Big Bang until Today (1)
- Controversies of British Imperialism (1)
- Age of Cathedrals (1)
- Christianity: From Persecuted Faith to Global Religion (200-1650) (1)
- Narratives of Nonviolence in the American Civil Rights Movement (1)
- Constitutional Law - The Structure of Government (1)
- Contagious: How Things Catch On (1)
- Care of Elders with Alzheimer's Disease (1)
- The American South: Its Stories, Music, and Art (1)
- Programming Mobile Services for Android Handheld Systems (1)
- Animal Behaviour (1)
- From the Big Bang to Dark Energy (1)
- Configuring the World (1)
- Introduction to Data Science (1)
- Design: Creation of Artifacts in Society (1)
- The Law of the European Union (1)
- 21st Century American Foreign Policy (1)
- Éléments de Géomatique (1)
- History and Future of Higher Education (1)
- The Age of Jefferson (1)
- The Magna Carta and its Legacy (1)
- A New History for a New China, 1700-2000 (1)
- The New Nordic Diet (1)
- A la recherche du Grand Paris (1)
- What Managers Can Learn from Great Philosophers (1)
- Introduction to Mathematical Philosophy (1)
- Exercise Physiology: Understanding the Athlete Within (1)
- Physique générale - mécanique (1)
- Subsistence Marketplaces (1)
- Practicing Tolerance in a Religious Society (1)
- Understanding the Brain: The Neurobiology of Everyday Life (1)
- Andy Warhol (1)
- Web Intelligence and Big Data (1)
- Miracles of Human Language: An Introduction to Linguistics (1)
- Learning How to Learn (1)
- Imagining Other Earths (1)
- Vital Signs: Understanding What the Body Is Telling Us (1)
- Développement durable (1)
- Dinosaur Ecosystems (1)
- The Civil War and Reconstruction (1)
- Shakespeare: On the Page and in Performance (1)
- Introducción a la genética y la evolución (1)
- Poetry in America: Whitman (1)
- Anthropology of Current World Issues (1)
- Escribir para Convencer (1)
- Découvrir le marketing (1)
- Créer et développer une startup technologique (1)
- Frontières en tous genres (1)
- Une introduction à la géographicité (1)
- Gestion et Politique de l'eau (1)
- Theater and Globalization (1)
- Handel’s Messiah and Baroque Oratorio (1)
- Hans Christian Andersen’s Fairy Tales (1)
- From Goddard to Apollo: The History of Rockets (1)
- Miracles of Human Language (1)
- Human Origins (1)
- The Computing Technology Inside Your Smartphone (1)
- Intellectual Humility (1)
- Introduction to Italian Opera (1)
- Magic in the Middle Ages (1)
- Making Sense of News (1)
- Introduction to Mathematical Thinking (1)
- Mobilité et urbanisme (1)
- Moral Foundations of Politics (1)
- Mountains 101 (1)
- The Biology of Music (1)
- Oriental Beliefs: Between Reason and Traditions (1)
- In the Night Sky: Orion (1)
- Visualizing Postwar Tokyo (1)
- The Renaissance and Baroque City (1)
- The Rise of China (1)
- Russian History: from Lenin to Putin (1)
- Социокультурные аспекты социальной робототехники (1)
- Science of Exercise (1)
- El Mediterráneo del Renacimiento a la Ilustración (1)
- Igor Stravinsky’s The Rite of Spring (1)
- The World of the String Quartet (1)
- Switzerland in Europe (1)
- The Talmud: A Methodological Introduction (1)
- William Wordsworth: Poetry, People and Place (1)
- Wine Tasting: Sensory Techniques for Wine Analysis (1)
- The World of Wine (1)
Hundreds of free, self-paced university courses available:
my recommendations here
my recommendations here
Peruse my collection of 275
influential people of the past.
influential people of the past.
View My Class Notes via:




Receive My Class Notes via E-Mail:
Contact Me via E-Mail:
edward [at] tanguay.info
Notes on video lecture:
1929 Economic Collapse
Notes taken by Edward Tanguay on January 27, 2019 (go to class or lectures)


Choose from these words to fill the blanks below:
Germany, Smoot, Lenin, capital, 1929, Victorian, mature, Europe, nationalistic, lending, exchange, export, Anstalt, mistakes, global, vulnerable, China, old, hyperinflation, war
the Treaty of Versailles produced an unstable
a goal of it was the rebuilding of a economy
but many focused on establishing the economic world as it had existed before the
the idea was that restoring the boom was a condition for the political peace
people looking for new coordinates began to be nostalgic for the world
it was the crash of that would heighten the tensions within Europe
but the big question in 1919 was: how to rebuild
while Wilson and were looking forwards towards utopias, the economists and business people were looking backwards
Keynes argued that the Allies had made some fundamental
that Germany pay far too much in indemnity payments
that British economy could not sustain the &gold& standard
and Keynes argued that we needed
flexible foreign rates
capital controls that would control money across borders
so that countries would not have to turn to policies
Keynes saw this as the folly of the ruling classes
end the end, the crisis finally came, in 1929
but there was a pause for recovery in the 1920s
had less to do with the gold standard
had more to do with massive American to Europe
flow of to the United States
the largest borrower was , to pay the other European countries
the United States was an immature lender
one that enjoys both trade surpluses and is an exporter of capital
gold flows in
the only way to keep the rest of the world expanding was to recirculate money to other destinations
it was a system
as is now
Britain before the war was a lender
the rest of the world was borrowing too much money
Germany had just recovered somewhat from the of 1923-1924
German and Austrian banks began to fail
they needed emergency loans from the United States
then came the crash on Wall Street in 1929
Vienna: The Credit
a virus of bank failures across Europe
governments were too weak save them
1931 almost everyone had defected from the gold standard
1933 the United State joined getting off the gold standard
the world economy had lost its core
increasing protectionism
Reed / Willis Hawley
Smoot-Hawley Tariff
over 1000 economists signed an petition to denounce this
shrinkage in global trade
1928 world only reached 112%
in 1932 it was only 60% of 1929
factories shut down since they couldn't to other markets
1932 there were 52 million workers were without a job
a destruction of the global system that had built up over centuries