Mr. Beat goes through every single recession and depression in American history. He really does. It’s kind of nuts.

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Produced by Beat Productions, LLC and Matt Beat. All images and video by Matt Beat, used under fair use guidelines, or found in the public domain. Music by @ElectricNeedleRoom, @badsnacks, @Kwon, and @QuincasMoreira. Creative commons credits: Bestbudbrian, Science History Institute, and pwbaker.

Here’s an annotated script with footnotes:

Sources/further reading:
From the American System to Mass Production, 1800-1932 by David A Hounshell
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Because the United States has had the world’s biggest economy going back all the way arguably to the 1890s, that means this video kind of also went over every recession and depression in WORLD history since then. “But Mr. Beat, what about the Panic of 1792??” You know what, FORGET the Panic of 1792! (gasp!) And forget Panic at the Disco! They were an overrated band anyway. But seriously, obviously historians say there were more recessions than I mentioned.

#apush #ushistory #economichistory

0:00 Introduction
3:19 Sponsor (Home Title Lock)
4:39 Introduction again
4:53 The Panic of 1785
6:24 The Copper Panic of 1789
7:44 The Panic of 1796-1797
9:15 The 1802-1804 Recession
9:43 The Depression of 1807
10:33 The 1812 Recession
10:51 The 1815-1821 Depression
12:35 The 1822-1823 Recession
12:46 The 1825-1826 Recession
13:21 The 1828-1829 Recession
13:43 The 1833-1834 Recession
13:51 The 1836-1838 Recession
16:04 The Late 1839-Late 1843 Recession
16:27 The 1847-1848 Recession
16:54 The 1853-1854 Recession
17:11 The Panic of 1857
17:54 The 1860-1861 Recession
18:34 The 1865-1867 Recession
19:24 The 1869-1870 Recession
20:00 The Long Depression
22:05 The 1902-1904 Recession
22:25 The Panic of 1907
23:25 The Panic of 1910-1911
24:28 The Recession of 1913-1914
25:03 The Post-World War One Recession
25:21 The Depression of 1920-1921
25:22 The Great Depression
27:12 The Recession of 1945
27:28 The Recession of 1949
27:47 The Recession of 1953
28:27 The Recession of 1958
28:34 The Recession of 1960-1961
28:43 The Recession of 1969-1970
29:04 The 1973-1975 Recession
29:49 The 1980 Recession
30:10 The 1981-1982 Recession
30:25 Early 1990s Recession
31:15 Early 2000s Recession
31:46 The Great Recession
33:16 The COVID-19 Recession
34:00 Conclusion…(read more)

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Title: Every Recession and Depression in American History: A Glimpse into Economic Challenges

Introduction
Throughout American history, the economy has experienced cycles of expansion and contraction, with periods of recession and depression proving particularly challenging. Understanding these economic downturns provides valuable insights into the resilience, policy responses, and recovery patterns of the United States. In this article, we will explore some of the most significant recessions and depressions that have shaped America over time.

1. The Panic of 1819
The Panic of 1819 marked the first major recession in the young nation’s history. Triggered by excessive speculation, land speculation, and overextended credit, the economic turmoil lasted until 1823. The event revealed the need for reforms in banking and demonstrated the vulnerability of agrarian-based economies.

2. The Panic of 1837
Driven by rampant speculation, the Panic of 1837 was one of the most severe recessions in American history. A credit expansion bubble burst, leading to bank failures, unemployment, and widespread foreclosures. The crisis hampered economic growth for an extended period, highlighting the importance of sound fiscal and monetary policies.

3. The Long Depression (1873-1879)
The Long Depression was characterized by a prolonged economic downturn, lasting nearly six years. It was triggered by the collapse of banking and railroad investments and resulted in high unemployment rates and deflation. This period shaped the notion that government intervention was necessary to stabilize the economy during future downturns.

4. The Great Depression (1929-1939)
The Great Depression remains one of the most traumatic events in American history. Sparked by the stock market crash of 1929, the economic collapse led to mass unemployment, widespread poverty, and a decline of industrial production. Franklin D. Roosevelt’s New Deal policies aimed to revive the economy by implementing massive public works projects and major financial reforms. Ultimately, World War II’s mobilization efforts brought the United States out of the Depression entirely.

5. The Recession of 1981-1982
This recession resulted from efforts to curb inflation, which included the implementation of tight monetary policies. The economy experienced a significant downturn, resulting in high unemployment rates and business closures. By mid-1982, the economy began to recover, aided by tax cuts and regulatory reforms.

6. The Great Recession (2007-2009)
One of the most recent and impactful economic downturns was the Great Recession. Triggered by the collapse of the housing market and the subprime mortgage crisis, this recession saw massive job losses, widespread housing foreclosures, and a financial sector in turmoil. Aggressive federal government stimulus measures and the rescue of key financial institutions were necessary to stabilize the economy and restore growth.

Conclusion
The history of the United States is peppered with economic downturns that have shaped the nation’s policies and societal considerations. Recessions and depressions have taught valuable lessons about financial regulation, fiscal and monetary policies, and the importance of government intervention during times of crisis. By studying these events, policymakers and economists strive to develop strategies to minimize the impact of future downturns and foster sustainable economic growth.