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Modern World History 10.5: Economics 101 2 Views


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Description:

George Marshall, The Marshall Plan, Mao Zedong, Chiang Kai-shek...this video is like a buffet of knowledge...if buffets only served American and Chinese food.

Language:
English Language

Transcript

00:01

No The united states has a long and storied history

00:05

of throwing money at problems And in the wake of

00:09

world war two there were a lot of problems for

00:11

us to throw money at Uh come to think of

00:14

it maybe we should find the less costly habit What

00:16

do you think But old habits die hard and europe

00:19

was a problem It had been destroyed by the war

00:22

which was totes an issue of concern for the u

00:25

s but the obliteration of roads railroads factories businesses homes

00:29

yada yada yada wasn't all we were worried about We

00:32

were also worried about the european economy See germany had

00:36

spent most of the nineteen thirties feverishly preparing for war

00:40

by the time the war actually started prepping for the

00:43

conflict was the only thing the german economy knew how

00:46

to do And everybody knows it's a bad idea Tto

00:49

limit oneself to a single skill set like all the

00:52

eggs in one basket thing So after the war we

00:54

wanted help the germans figure out how to course correct

00:57

economically But wait there's more There was also an economic

01:02

imbalance between europe's cities and it's countryside Europe's cities weren't

01:06

producing any goods because one of the city's had all

01:09

been turned to rubble there were no factories no machines

01:13

There were no resource is really to speak of And

01:16

because cities weren't producing goods and services to buy and

01:19

sell people living in the country also weren't producing goods

01:23

and services to buy and sell you know like uh

01:26

what is called Oh yeah food In short we were

01:30

pretty sure that everybody in europe was about to starve

01:32

to death Enter george marshall marshall was an american soldier

01:37

who'd served in various parts of the world before becoming

01:39

an army chief of staff in nineteen thirty nine He

01:42

was the person responsible for injecting the u s military

01:46

with steroids so it could actually put up a fight

01:48

against the axis powers and is the u s secretary

01:51

of state In nineteen forty seven he was the person

01:54

who said we'd give europe the money it needed to

01:56

get back on her feet Well the u s wrote

01:59

a thirteen billion dollars check under the aegis is of

02:02

the marshall plan And while the plan may not have

02:04

had us much of a hand in the revitalization of

02:07

the european economy as we'd like to think it did

02:09

it did lay the foundation that allowed europe to come

02:12

back swing it by pushing the continent away from strict

02:15

economic controls on the other side of the world japan

02:19

was obviously in much the same situation as germany it

02:22

had to say science ara to an economy focused on

02:25

military production and konnichi wa tio not having enough food

02:29

to go around and like our japanese there what do

02:32

you think the u s spent the first couple of

02:34

years after the war reforming japanese politics and ignoring the

02:39

country's economic problems But then we totally freaked out as

02:43

communism started to spread like a fungus across the world

02:47

a red red fungus as people fear it fear it

02:50

now what if the japanese decided to join forces with

02:53

uncle joe who unfortunately us inge band we're saved by

02:58

the korean war Yes we don't make this up people

03:01

Not only was the country suddenly awash and raw materials

03:05

but it also became the primary supply depot for u

03:07

n soldiers But what about china Well normally we like

03:11

to spare countries feelings but we're going to be blunt

03:14

The country was a disaster after twenty years of war

03:18

Now j dong's communists in chiang kai shek's nationalist were

03:22

still cat fighting over who got to be in charge

03:25

And the national currency was worthless Which is why people

03:28

really liked it when the communists gave out ration coupons

03:32

for food and clothing George marshall yep that george marshall

03:36

tried to get mao and chang to settle their differences

03:39

in nineteen forty six but no dice Those two had

03:42

been hating on each other far too long Well the

03:45

truman administration took a long hard look at the situation

03:48

in china It was way more interested in rebuilding europe

03:52

then and mucking about in east asia It didn't particularly

03:55

think that the chinese communists were any kind of threat

03:58

to the u s o and it knew that chiang

04:00

kai shek was both a loser and a here So

04:03

rather like elsa in the movie frozen us Let it

04:07

go Just let it go Let it you know like

04:10

that In hindsight this probably wasn't the best idea right

04:13

Because unlike elsa chang wasn't full of remorse self loathing

04:17

and ice powers that are never really explained she could

04:21

Create life like what's up with that were just glossing

04:24

over that disney Okay then you've been a disney china 00:04:28.663 --> [endTime] And what do you think

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