The Great Depression

Short History Of...

Noiser

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4.7 • 4.9K Ratings

🗓️ 23 July 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Great Depression was the worst and deepest peacetime economic shock of the twentieth century. It affected millions of lives, redefined global trade, and contributed to the drift towards the Second World War.But how were the seeds of this financial disaster sown in the First World War? What was the cost to ordinary people? And how did America and the wider world dig itself out of its financial hole? This is a Short History of the Great Depression. Written by Dan Smith. With thanks to John Moser, author and chair of the Department of History and Political Science at Ashland University. For ad-free listening, exclusive content and early access to new episodes, join Noiser+. Now available for Apple and Android users. Click the Noiser+ banner on Apple or go to noiser.com/subscriptions to get started with a 7-day free trial. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Listen to this sound.
0:02.0	Ooh!
0:03.0	That's one of your friends being handed a fever tree mojito
0:07.0	when they thought you'd be giving them a glass of wine.
0:10.0	Mmm!
0:11.0	That is the moment they taste it.
0:14.0	Huh?
0:15.0	And that's when they hear all it took to make was a shot of rum,
0:18.0	some of fever trees new mojito mixer and a little stir.
0:23.0	Fever tree new mojito mixer, classic cocktails now made easy.
0:28.0	Enjoy responsibly.
0:58.0	It's a nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice,
1:28.0	nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice
1:58.0	nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice
2:28.0	nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice
2:58.0	nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice
3:28.0	nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice, nice
3:58.0	On the street below, there is a sea of fedoras and derbies, each worn by an agitated investor who's got wind of what's going down in the exchange The crowd grows by the second and the voices rise A few police officers on horseback are there to keep order but it's clear things are only getting more heated The traders never seen anything like it No one has By the end of the day, a record 16 million shares have been traded
4:28.0	The day will go down in history as a black Thursday, the starting point of the Wall Street crash and a staging post on the world's painful march into years of financial hardship The Great Depression was the worst and deepest peacetime economic shock of the 20th century It changed how economists thought about financial systems
4:56.6	Resculpted global trade and brought about profound social change
5:01.6	It was also a pivotal factor in the drift towards the Second World War
5:07.0	But how were the seeds of this financial disaster sewn in the First World War?
	...

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