YT YouTube2Text

YouTube2Text → Transcripts → The New Deal

The New Deal — Transcript

by M L · 2,222 words · 310 segments · language en · Watch on YouTube

Open in transcriber Summarize with AI Download SRT/VTT

Full transcript

0:01all
0:02right so I want to talk now about the
0:06New Deal I actually grew up in a town
0:08called New Deal which was not very far
0:10from my
0:11hometown so the New Deal is this it's
0:14basically a change in the way the
0:16government is used in the midst of the
0:17Great Depression the Great Depression
0:19was a terrible event it was it was such
0:22a terrible economic event and people
0:24didn't know what to do um the federal
0:27government didn't know how to respond
0:29and so Franklin Donald Roosevelt FDR is
0:31elected president with the New Deal and
0:34with the New Deal he's going to pass
0:36basically all kinds of different laws as
0:39really quickly to uh with the New Deal
0:42and again the his first 100 days aund 15
0:46different pieces of legislation are
0:48passed through Congress and think about
0:49that think about how hard it is for just
0:51a regular president today to pass
0:52something through Congress 15 major
0:55bills are are going to be passed through
0:57Congress so I'm just going to talk a
0:58little bit about some of these bills BS
1:00I me this is not going to necessarily
1:01have the narrative story that I've had
1:03in the past because I want to kind of
1:04throw up some of these bills literally
1:06throw up get it my wife says I'm not
1:10funny and so one of the first things
1:12that he addresses literally the first
1:13thing that he addresses is the banking
1:15crisis the banks were losing money like
1:18crazy in fact if your money was in a
1:20bank and your bank went under if you've
1:21seen uh It's a Wonderful Life and you
1:23know George biley he's got that $1 he
1:25saves it with one if banks go under you
1:28lose your money there's a famous story
1:30of this janitor who had been saving a
1:32th000 his whole life had saved $1,000
1:34George Gallas was his name and I got
1:36this from this Century America's time
1:38it's a great documentary series by the
1:40way and he ,000 doar of his money saved
1:44over time which is a lot of money back
1:45then and the bank goes under he spends a
1:49couple days literally banging banging on
1:51the outside of the bank and you realize
1:53he won't get any of his money he goes
1:55back to his basement where he lived and
1:56he hung
1:58himself Bank ERS
2:01destroyed the hope of people because
2:04they had no way of getting this money
2:06back so FDR will close down the banks
2:08for a few days reopen them assuring
2:11America that they're going to be
2:12reopened because the federal government
2:14has been able to make sure that they're
2:15all sound that is something that is not
2:17he could not have done this but he uses
2:19basically the radio to convey this and
2:21this is something interesting also about
2:23FDR he used the given technology in a
2:26way to where he reached out to the
2:27people he used the radio he would give
2:28these Fireside chats he didn't give a
2:31lot of them over his 13 years as
2:32president but he gave these Fireside
2:34Chats and he when major events and it
2:37made the people feel more secure and he
2:39did it in a way where he explained what
2:41was going on to the people so the radio
2:43was really important it's like
2:44technology now it's just like every
2:46president use technology I mean we have
2:48a current president or a current who's
2:51going to use Twitter a lot right he's
2:53going to basically use his Twitter
2:55account to to reach the people without
2:57any kind of uh chorus or or any kind of
3:01commentary he can speak directly to us
3:05whether good or bad and so that's what
3:08FDR does right he uses the radio and so
3:11in doing this one of the other things
3:13he's going to do and I'm just gonna kind
3:14of list some the things he does he
3:15creates the FDIC which ensures money it
3:18ensures your money in the banks up to at
3:20that time I think it was $10,000 now
3:22it's $200,000 it doesn't affect me I
3:25have so much money that I keep my money
3:26in illegal offshore accounts just
3:29kidding I have
3:31$12.73 just enough for me and my wife to
3:34go to Wendy's this afternoon I'm very
3:36excited and so your money is insured in
3:38Banks and so then becomes literally this
3:41almost this alphabet soup of different
3:43things to try to make things better he's
3:45going to create the CCC the Civilian
3:47Conservation Corps which is going to
3:49create these different camps around the
3:51country it's only going to affect not
3:52even that 250 300,000 people not a lot
3:55of people but it's going to put at first
3:58young men to work young white men to
4:00work at first in these different camps
4:02and they're going to do conservation
4:03projects it's interesting when we talk
4:04about a president who does
4:07conservation it's going to be Teddy
4:09Roosevelt but this is Franklin donor
4:11Roosevelt who also beli deeply in
4:12conservation eventually you're GNA have
4:14segregated camps you're G to have camps
4:16for women across the country there's
4:18camps in the local area who worked on
4:20mother neev state park I think they were
4:21in Meridian state park I think so so
4:23even locally here in Texas we were
4:27affected with these camps mother nef
4:30State Park which is a great Park to go
4:31to if you're not very far away bored
4:34it's local it's a great Park so uh you
4:37you have this right here and this is
4:39going to be around until 1941 and so
4:42whenever the Japanese attack Pearl
4:44Harbor December 7th
4:461941 uh you're gonna have this in place
4:49it's run by the military so you're gonna
4:52have it people these individuals these
4:55young men would actually go and they
4:56would eat these they would have a
4:58breakfast surve like my nny used to fix
5:00like my nanny I love my nanny so much
5:02she's passed but she would always fix
5:06bacon eggs sausage gravy every morning
5:09my my grandfather lived to 82 I don't
5:12know how his heart did it with all this
5:15stuff like just literally pouring grease
5:17down his was beautiful right and then
5:20sandwiches for lunch and then a big
5:22supper I mean it was like literally
5:24going and being fed by my grandmother
5:25that's what these guys got and so and
5:28they would go out and work hard and and
5:30and cleared paths and plant
5:32trees very successful they were paid
5:35about 30 they were paid $30 a month $22
5:37will sent home to their families eight
5:39they got per month and this is really
5:42important FDR though they're still under
5:44the military uses these young men for
5:47conservation FDR puts these young men I
5:50mean uh Hitler at the same time puts
5:53these young men in the military and
5:54begins to rearm Germany so that's a big
5:56one you have the agricultural adjustment
6:00act which basically buys up
6:02surpluses interferes the market uh pigs
6:05are killed apples Dro by the side of the
6:07road to try to raise up farm farm prices
6:12raise the roof of farm prices eventually
6:15this is declared unconstitutional by the
6:17supr Supreme Court they're going to
6:19create another also during this time you
6:22have this dust bow going on out in the
6:24Great Plains basically from Amarillo by
6:27Morning up from San An
6:30everything that I got sorry basically
6:34from Amaral
6:36up is basically the loss of the top soil
6:40as these big dust storms come and push
6:43this the soil off there terrible drought
6:47hits in fact it called it the dirty 30s
6:50a lot of people fled there and they went
6:51to California the famous book The Grapes
6:54of Wrath in 1939 by John Steinbeck was
6:57was basically detailed this the J which
6:59came a I don't know if it won the
7:01Academy War but it was it was it was a
7:02very important movie that was made very
7:05quickly after um The Grapes of Wrath
7:08came out fact yeah so so basically you
7:11have this going on in the dust bow and
7:14so you have these different program you
7:15have the TVA which creates electricity
7:17in the South you have um you have uh the
7:23national industrial Recovery Act which
7:25basically tries to to set prices to fix
7:28prices fix output probably it's kind of
7:33considered part of What's called the
7:34Second New Deal one of the biggest
7:37Creations that really TR that really has
7:39changed things was the social the Social
7:41Security Act there had been this
7:44reformer named Dr Francis townin and
7:46townin was saying that if you're over 60
7:48years old you should get $200 a month
7:51every month and and I think back to my
7:54own family like so my
7:56mom when my great grandmothers
8:00husband when my great-grandfather died
8:01my great-grandmother came to live with
8:04my mom and her daughter-in-law and would
8:08actually sleep in the same bed as my mom
8:10so basically they took her in right they
8:12took in my great grandmother my great
8:15grandmother my mom and my nanny took her
8:17in and she contributed she she worked
8:19really hard she was very consumed with
8:22not being taking resources but that's
8:26what people did right they they they
8:27took in people who could no longer work
8:29there is no uh there is no way to to
8:32really care for those these individuals
8:34through the government so the Social
8:36Security Act is going to respond to this
8:37and it's going to do three things it's
8:38going to pass disability insurance it's
8:40going to pass uh unemployment insurance
8:44and it's going to pass a penion that
8:45comes out of paychecks now it's
8:48interesting we'll
8:50see I guess the question is how long
8:53that penion will continue on right for
8:56for us with Social Security but it's a
8:58really big big deal is money is taken
9:00out of our paychecks in fact if you look
9:01at your paychecks money is taken out of
9:03your paycheck and it's going to be
9:04interesting how this is dealt with is we
9:06have this large babber Boomer population
9:08that is now in the midst of beginning to
9:10retire so that'll be interesting but
9:11this is a fundamental shift in the
9:14government's relationship to the
9:15individual all of a sudden you're
9:18getting a paycheck basically when you
9:20from the government you have a a you
9:22have my grandfather Misty's dad has a
9:25relationship with a government that
9:26happens every month whenever money is
9:28put directly into his account that he
9:30relies upon right because of all his
9:32work his whole life paying into this
9:34fund now he has money coming out of this
9:35fund and that was pass that was a really
9:37important part of this second new deal
9:40so
9:40FDR so again FDR is pretty polarizing
9:44some people think he's the hero and then
9:46other people think that maybe he ruined
9:47government forever I don't want to even
9:49go into all those different places but I
9:51will say this the American system was
9:54was at least tottering in the 1931 1932
9:58I mean there was real fear about things
10:01really going on and really continuing
10:03people were really scared and FDR comes
10:06in and no a lot of his experiments
10:08didn't work he is able to stabilize
10:11thing things and continue the belief in
10:14the American political system at the end
10:15of the day FDR does not solve the Great
10:17Depression at his height at its best
10:20unemployment dropped to 15% and then it
10:22went back up uh what will basically
10:25bring the United States out of the Great
10:27Depression will be World War II too uh
10:30and war production basically supplying
10:32the allies before we're drawn in the war
10:34in 1941 but what F does last story so
10:39when President Obama became president he
10:41asked one of his advisers a guy David
10:43Axelrod if you know this guy's got the
10:45mustache he's got a cool mustache David
10:47axod David ax Rod's mom was still alive
10:50whenever he whenever President Obama was
10:52first elected and President Obama asked
10:54David Axelrod why does your mom love FDR
10:57so much like what is about him like what
11:00was it and she did not mention the
11:02Social Security Act or any of the many
11:04acts that were passed under him she said
11:06she felt like FDR cared for her and so
11:11he was somehow able to convey this
11:14empathy um for the nation and in some
11:20ways the way he guides the nation
11:23through these different again he's got
11:25major issu he's going to have the Great
11:26Depression and he's going to have World
11:27War II on the heels of Great Depression
11:30and the way he's able to guide the
11:31country through these two major
11:33cataclysmic events is is really was
11:36really important to D David David ex
11:38Rod's mom he she felt that the president
11:42he was somehow able to convey that he
11:45had her best interest in mind and I
11:48think that again she's a Democrat uh FDR
11:52was a Democrat but I think that's a
11:53great story about the importance of FDR
11:57from this adviser named David EXO
11:59thank you very much

About this transcript

This page contains the full transcript of The New Deal by M L, generated from the public captions YouTube serves with the video. The transcript has 2,222 words across 310 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.