Lectures Watched
Since January 1, 2014
Hundreds of free, self-paced university courses available:
my recommendations here
Peruse my collection of 275
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
Choose from these words to fill the blanks below:
mistakes, Europe, capital, hyperinflation, Victorian, nationalistic, exchange, war, old, Smoot, Anstalt, China, Germany, lending, mature, 1929, global, export, vulnerable, Lenin
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
Columbus and the New World
1500-1700 Indian Ocean Trading system
Da Gama, Pepper and World History
Portuguese Indian Ocean Empire
16th Century Colonialism Fueling European Violence
Global Food: European Sugar, Caribbean Plantations, African Slaves
16th and 17th Century Merchant Trading Companies
17th Century Interdependence of Trade and Investment
Francis Drake and Mercantilist Wars
The Apex and Erosion of the Mughal Empire
The Treaty of Westphalia as the Hinge of Modern History
The Influence of Silver on the Ming Dynasty
Political Reverberations of Ming Consolidation
18th China Resurgent as Qing Dynasty
18th Century Tea Trade, Leisure Time, and the Spread of Knowledge
Cook and Clive: Discoverers, Collectors and Conquerors of the Enlightenment
Strains on the Universality of the Enlightenment
The Enlightenment, Empire, and Colonization: Burke vs. Hastings
Enlightenment or Empire
18th Century Land Grabbing
The Industrial Revolution and the Transition of Non-Renewable Energy
The Seven Years' War and Colonial Revolutions
Napoleon, Spain, the Colonies, and Imperial Crises
Human Rights and the Meaning of Membership within Societies
Napoleon, New Nations, and Total War
The Ottoman Empire's 19th Century Tanzimat Reform
The Early 19th Century Market Revolution
The Global Upheavals of the Mid-19th Century
The Train, the Rifle, and the Industrial Revolution
Transition in India: Last of the Mughals
The Indian Rebellion of 1857 and Its Ramifications
Darwin's Effect on 19th Century Ideas
Factors Which Led to the Solidifying of Nation States
1868 Japan: The Meiji Restoration
1871: Germany Becomes a Nation
North American Nation-Building
19th Century Changing Concepts of Labor
The Benefits of Comparative Advantage
Migration after the Age of Revolutions
Creating 19th Century Global Free Trade
The Expanding 19th Century Capitalist System
The Second Industrial Revolution
The Closing of the American Frontier
Africa's Second Imperial Wave
Early 20th Century American Imperialism
1894-1905: Japan's Imperial Wave in Asia
Rashid Rida and 19th Century Islamic Modernization
19th Century Pan-Islam and Zionism Movements
19th Century Global Export-Led Growth
Indian Wars and Mass Slaughter of Bison
The Suez Canal's Effect on the Malayan Tiger
1890-1914: Savage Wars of Peace
1900-1909: Russian and Turkish Dynasties
1899-1911 The End of the Qing Dynasty
The 1910 Mexican Revolution
The Panic of 1907
Turn-of-the-Century Civilization and its Discontents
20th Century Questioning of Reason
Late 19th Century Anxieties of Race
The First World War
The End of WWI and the Attempt at Global Peace
The Influenza Pandemic of 1918-1919
The Wilson-Lenin Moment
1919 Self-Determination Movements in India
Post-WWI European Peace and Global Colonial Upheaval
1929 Economic Collapse
Changes in Capitalism between the Wars
1918-1945 Rethinking Economies