Everyone Wanted to Get Rich in 1929 — Then the Market Turned

Ordinary Americans didn't build the bubble of 1929. That's the story we've all been told, but it's dangerously incomplete — most Americans never owned a single share, and only about one and a half million had a brokerage account at all. The real origins trace back to a wartime Liberty Bond sales machine that taught twenty million Americans to buy paper, a swamp-land frenzy in 1920s Florida that rehearsed the whole disaster, a quiet interest-rate cut agreed by central bankers at a Long Island mansion in 1927, a river of call money flowing from corporate treasuries and foreign lenders into Wall Street at up to twenty percent, and a new breed of investment trusts that borrowed money to buy other companies that borrowed money. In this video, we pull apart the conventional narrative of the Roaring Twenties and examine who really built the great bull market. From Charles E. Mitchell's National City Company to Benjamin Strong's Federal Reserve, from the Florida binder boys to the Goldman Sachs Trading Corporation, from John J. Raskob's "Everybody Ought to Be Rich" to Black Thursday and the Pecora hearings, this is the full story that most history books leave out. This isn't a conspiracy theory. It's documented history, drawn from Galbraith's The Great Crash, 1929, Pecora's Wall Street Under Oath, Frederick Lewis Allen's Only Yesterday, Maury Klein's Rainbow's End and economic historians such as Eugene White and Barry Eichengreen. And the most unsettling part? The same machinery of easy credit, aggressive salesmanship and hidden leverage is still with us today. If you enjoy deep-dive historical analysis with no filler, subscribe and hit the bell so you never miss a video. #Crash1929 #RoaringTwenties #HiddenHistory #StockMarketCrash #BlackTuesday #WallStreet1929 #CharlesMitchell #BenjaminStrong #FederalReserve #LibertyBonds #FloridaLandBoom #InvestmentTrusts #PecoraHearings #EconomicHistory #WhatHistoriansGetWrong #HistoryDocumentary #FinancialHistory #PowerAndMoney #AmericanHistory #HistoryExplained