How Much Money Did The Mafia Make?!

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Show Notes

Murder, drugs, and soup kitchens? In this episode, Jac takes you through the history of the Mafia and explains the business tactics that brought them riches.

Sources:

https://www.history.com/topics/crime/origins-of-the-mafia

https://www.britannica.com/topic/Five-Families

https://www.nydailynews.com/news/crime/timeline-new-york-city-crime-families-article-1.376401

https://www.fbi.gov/investigate/organized-crime/history-of-la-cosa-nostra

Transcript

0:00:00.000,0:00:04.170
hello everyone welcome to another

0:00:01.800,0:00:08.519
episode of how did we not know that my

0:00:04.170,0:00:10.590
name is Matt my name is Jack and today

0:00:08.519,0:00:14.519
Jack is gonna talk to us about another

0:00:10.590,0:00:17.990
very interesting topic yeah okay so

0:00:14.519,0:00:21.240
today we’re talking about the Mafia oh

0:00:17.990,0:00:25.859
my god Shh

0:00:21.240,0:00:28.099
okay so just start out I like to ask NAT

0:00:25.859,0:00:30.840
tell me what you know about the Mafia

0:00:28.099,0:00:33.300
yeah so I feel like my knowledge of the

0:00:30.840,0:00:36.690
Mafia is pretty much based on what I’ve

0:00:33.300,0:00:39.149
seen in movies um I feel like I hear a

0:00:36.690,0:00:41.309
lot about the Italian mafia also like

0:00:39.149,0:00:45.870
growing up in Chicago I hear a lot about

0:00:41.309,0:00:47.640
Al Capone but yeah I feel like it’s

0:00:45.870,0:00:50.039
pretty much just like whatever Hollywood

0:00:47.640,0:00:53.010
has taught me definitely

0:00:50.039,0:00:56.100
yeah well Al Capone is a big guy we’re

0:00:53.010,0:00:59.609
going to talk about him but there are

0:00:56.100,0:01:02.430
multiple mafia is there’s like the

0:00:59.609,0:01:04.710
Jewish mafia the Mexican Mafia the

0:01:02.430,0:01:06.030
Italian mafia the Italian American mob

0:01:04.710,0:01:08.340
yeah so there’s a bunch of different

0:01:06.030,0:01:10.229
types the Irish mafia which the head of

0:01:08.340,0:01:12.150
that the weird this is an Italian

0:01:10.229,0:01:13.799
there’s an Irish mafia was like

0:01:12.150,0:01:16.189
comprised of Irishmen but then the

0:01:13.799,0:01:19.200
bosses at mafia was actually Italian

0:01:16.189,0:01:21.659
really you change his last name – Kelly

0:01:19.200,0:01:24.750
just talk more Irish so they lots of

0:01:21.659,0:01:27.210
different mafias but the one that is

0:01:24.750,0:01:29.280
romanticized a lot in films like The

0:01:27.210,0:01:30.990
Godfather and shows like that I don’t

0:01:29.280,0:01:35.130
know Godfather is like a filmer show

0:01:30.990,0:01:39.840
never saw it but um at least to them the

0:01:35.130,0:01:41.850
movie okay yeah so in Hollywood the

0:01:39.840,0:01:44.130
romanticized version of them off yeah is

0:01:41.850,0:01:46.409
usually on the Italian American Mafia

0:01:44.130,0:01:49.920
and that’s what we’re primarily going to

0:01:46.409,0:01:52.530
focus on today but with the Italian

0:01:49.920,0:01:54.299
American Mafia bad did it’s actually

0:01:52.530,0:01:57.600
completely separate from the Italian

0:01:54.299,0:02:02.640
mafia but it also was started from the

0:01:57.600,0:02:04.740
Italian mafia so gotcha start off okay I

0:02:02.640,0:02:06.869
guess yeah it bridged off but then they

0:02:04.740,0:02:08.340
ended up being kind of separate entities

0:02:06.869,0:02:10.009
so that was something when I was finding

0:02:08.340,0:02:13.530
along my research was that you should

0:02:10.009,0:02:16.140
they’re not the same thing so you should

0:02:13.530,0:02:20.310
completely like separate the two but one

0:02:16.140,0:02:21.959
led to the formation of the other to go

0:02:20.310,0:02:23.819
back we’re gonna start with the rise of

0:02:21.959,0:02:26.670
the Italian mafia which began in the

0:02:23.819,0:02:31.310
19th century which is the 1800s and

0:02:26.670,0:02:35.430
Sicily Italy so Sicily juniper Sicily is

0:02:31.310,0:02:36.870
is that the boot the boot is Italy but

0:02:35.430,0:02:40.170
there’s like people call it the rock

0:02:36.870,0:02:41.970
that the boot is kicking ah okay okay

0:02:40.170,0:02:45.270
yeah so what’s that island in the

0:02:41.970,0:02:48.570
Mediterranean Sea and so this wasn’t

0:02:45.270,0:02:50.700
actually ruled by like Italy until later

0:02:48.570,0:02:52.890
on for a while it was just constantly

0:02:50.700,0:02:54.810
ruled by foreign invaders so tons of

0:02:52.890,0:02:58.860
people we’re trying to take it over like

0:02:54.810,0:03:00.540
the Phoenicians the Romans the French

0:02:58.860,0:03:03.060
the Spanish everyone’s trying to have

0:03:00.540,0:03:05.580
have control of Sicily so they’re

0:03:03.060,0:03:08.940
violent and chaotic conditions on the

0:03:05.580,0:03:11.790
island so what happened was residents of

0:03:08.940,0:03:14.730
the island started to take like safety

0:03:11.790,0:03:17.040
into their own hands and they form these

0:03:14.730,0:03:19.739
small clans or groups that would just

0:03:17.040,0:03:21.690
protect themselves and so at first like

0:03:19.739,0:03:24.680
the purpose of the Mafia wasn’t

0:03:21.690,0:03:26.970
organized crime but it was just like

0:03:24.680,0:03:32.070
citizens taking protections into their

0:03:26.970,0:03:34.920
own hands yeah so then they develop

0:03:32.070,0:03:36.540
their own system for justice and they

0:03:34.920,0:03:40.519
started to offer their protections for

0:03:36.540,0:03:42.269
money from other landowners on Sicily

0:03:40.519,0:03:46.380
eventually they started to gain more

0:03:42.269,0:03:49.320
local power and influence when uh after

0:03:46.380,0:03:52.290
like in 1861 Sicily becomes a province

0:03:49.320,0:03:54.480
of unified Italy and they still just

0:03:52.290,0:03:57.510
take justice into their own hands

0:03:54.480,0:04:00.420
because the Italian government is still

0:03:57.510,0:04:02.820
not very organized at that time so

0:04:00.420,0:04:05.010
actually the Italian government and also

0:04:02.820,0:04:07.170
the Catholic Church will turn to these

0:04:05.010,0:04:09.180
smaller clans and groups that start to

0:04:07.170,0:04:13.280
become known as the Mafia that help

0:04:09.180,0:04:17.220
enforce yeah enforce certain rules on

0:04:13.280,0:04:19.440
different areas of Sicily so even the

0:04:17.220,0:04:22.229
Catholic Church yeah even the Catholic

0:04:19.440,0:04:26.000
Church was involved in using them and

0:04:22.229,0:04:27.200
also like so what happened was

0:04:26.000,0:04:29.090
the government would seek out the

0:04:27.200,0:04:32.140
Mafia’s help to catch certain criminals

0:04:29.090,0:04:34.610
and the extreme for that was that the

0:04:32.140,0:04:38.120
government will let them carry out other

0:04:34.610,0:04:41.960
organized crime oh god they were just

0:04:38.120,0:04:44.300
yeah they look the other way yeah so

0:04:41.960,0:04:47.690
that’s pretty much how the Italian mafia

0:04:44.300,0:04:50.810
started to rise and then we start to get

0:04:47.690,0:04:55.400
into how they migrated to America

0:04:50.810,0:04:58.310
so the first immigrant to come to the

0:04:55.400,0:05:00.950
United States from Sicily who was a part

0:04:58.310,0:05:03.740
of the mafia is juice at bay is Fox at

0:05:00.950,0:05:06.800
OU and he fled to New York after

0:05:03.740,0:05:08.690
murdering 11 wealthy landowners and the

0:05:06.800,0:05:13.100
Chancellor and Vice Chancellor of

0:05:08.690,0:05:15.080
Sicilian Provost yeah so and he wasn’t

0:05:13.100,0:05:16.370
the only one to I think there were he

0:05:15.080,0:05:18.860
had a I think there are six other

0:05:16.370,0:05:20.150
Sicilians who were part of mafia that

0:05:18.860,0:05:23.000
fled with him but he’s the first one

0:05:20.150,0:05:26.740
that came to the United States and he

0:05:23.000,0:05:29.990
ended up in New Orleans so Louisiana and

0:05:26.740,0:05:31.970
he continued to do his organized crime

0:05:29.990,0:05:34.660
situation till he was caught by

0:05:31.970,0:05:38.510
detective David Hennessy who actually

0:05:34.660,0:05:40.220
caught him and killed him or did

0:05:38.510,0:05:41.720
imported him actually my notes are

0:05:40.220,0:05:46.130
unclear what happened but he was caught

0:05:41.720,0:05:47.750
by detective David Hennessy and the

0:05:46.130,0:05:50.480
mafia games in New Orleans in New York

0:05:47.750,0:05:51.800
are spreading anyways and so whatever

0:05:50.480,0:05:53.720
happened to Jesus MA

0:05:51.800,0:05:56.690
whether he was killed or deported or

0:05:53.720,0:05:59.030
just jailed they started to they wanted

0:05:56.690,0:06:07.010
to rebel on detective David Hennessy

0:05:59.030,0:06:07.850
so they actually ended up hunting down

0:06:07.010,0:06:10.310
detective

0:06:07.850,0:06:13.160
David Hennessy and killing him so they

0:06:10.310,0:06:14.840
yeah it’s my notes the getting’s the

0:06:13.160,0:06:17.510
murdered Hennessy who is now the

0:06:14.840,0:06:20.930
superintendent of the Chief of Police on

0:06:17.510,0:06:24.590
October 15th 1987 so that was their way

0:06:20.930,0:06:27.919
of so this is in the 80s Wow okay yeah

0:06:24.590,0:06:33.290
oh no sorry not 1987 this is wrong

0:06:27.919,0:06:36.110
probably 1887 okay okay not 1987 yeah no

0:06:33.290,0:06:39.800
that’s yeah this is in the 80s of 1800

0:06:36.110,0:06:42.740
okay so the gangs murdered detective

0:06:39.800,0:06:45.680
David Hennessy and that was their way of

0:06:42.740,0:06:47.210
getting revenge on him for taking out at

0:06:45.680,0:06:49.460
you step a who I’m pretty sure was

0:06:47.210,0:06:53.419
actually a boss of one of the first

0:06:49.460,0:06:54.710
mafia gangs no kidding man yeah one of

0:06:53.419,0:06:56.930
yeah one of the first ones I mean

0:06:54.710,0:06:59.449
there’s a lot of small gangs right so to

0:06:56.930,0:07:01.669
be like a boss of one is like they’re

0:06:59.449,0:07:03.440
smaller in size Al Capone

0:07:01.669,0:07:07.039
what we think of today with like Al

0:07:03.440,0:07:08.330
Capone it’s like a huge like Q ISM we’ll

0:07:07.039,0:07:10.460
get into it later but he was like the

0:07:08.330,0:07:13.460
boss of the Chicago Outfit which was

0:07:10.460,0:07:15.800
like the biggest thing in Chicago and

0:07:13.460,0:07:17.690
that’s after the gang start to get

0:07:15.800,0:07:20.300
unified but during this time they’re all

0:07:17.690,0:07:24.650
still like kind of small clans Wow okay

0:07:20.300,0:07:28.310
gotcha yeah so after they murder

0:07:24.650,0:07:30.889
detective David Hennessy the New Orleans

0:07:28.310,0:07:32.870
police like step it up so they start

0:07:30.889,0:07:35.629
arresting a lot of Sicilians whether or

0:07:32.870,0:07:37.969
not they are or not part of the mafia

0:07:35.629,0:07:41.419
they just arrests them and have them

0:07:37.969,0:07:43.610
tried so 19 Sicilian men got tried but

0:07:41.419,0:07:46.479
they all got acquitted four were the

0:07:43.610,0:07:49.130
crimes that were committed and then

0:07:46.479,0:07:52.430
during this time too because of the

0:07:49.130,0:07:56.620
Mafia a lot of local citizens started to

0:07:52.430,0:07:58.360
develop like feelings of anti-italian

0:07:56.620,0:08:01.099
ISM

0:07:58.360,0:08:03.050
yeah and they started to call for more

0:08:01.099,0:08:08.090
restrictions of Italian immigrants but

0:08:03.050,0:08:13.759
an angry mob on March 14 1891 formed and

0:08:08.090,0:08:17.150
they broke into the prison to basically

0:08:13.759,0:08:21.229
Lynch the men who had been on trial for

0:08:17.150,0:08:24.560
the murder of detective Hennessy and so

0:08:21.229,0:08:28.009
11 out of 19 became lynched and there a

0:08:24.560,0:08:30.080
few sources I differ but this has been

0:08:28.009,0:08:33.169
debated as to one of the largest like

0:08:30.080,0:08:35.510
public lynchings in American history I’m

0:08:33.169,0:08:37.940
sure there’s more but yeah 11 out of 19

0:08:35.510,0:08:41.449
and we they may or may not have been

0:08:37.940,0:08:45.350
part of the Mafia wow that’s that’s

0:08:41.449,0:08:47.510
awful that’s really yeah pretty sad but

0:08:45.350,0:08:50.949
then because of that the Mafia becomes a

0:08:47.510,0:08:52.750
more discussed dialogue in America so

0:08:50.949,0:08:54.400
yeah I

0:08:52.750,0:08:57.400
this the Mafia is still doing their

0:08:54.400,0:09:02.080
thing for the next 30 to 40 years and

0:08:57.400,0:09:03.790
then when we hit the 1920s we start to

0:09:02.080,0:09:06.250
see an increase in immigration and

0:09:03.790,0:09:08.740
growth in the Mafia italian-american

0:09:06.250,0:09:12.010
mafia because back in Italy

0:09:08.740,0:09:15.160
Prime Minister Benito Mussolini launches

0:09:12.010,0:09:18.520
a crackdown on mobsters so because of

0:09:15.160,0:09:20.860
that benito mussolini felt like they

0:09:18.520,0:09:22.570
were going to affect the fascist regime

0:09:20.860,0:09:25.540
so they started to really try out it

0:09:22.570,0:09:27.340
arrest them and stop down the Mafia so

0:09:25.540,0:09:31.450
this is why more mafia members start to

0:09:27.340,0:09:32.830
immigrate to the United States ah all

0:09:31.450,0:09:37.450
right

0:09:32.830,0:09:39.790
and then so okay we have more mafia

0:09:37.450,0:09:43.360
coming and the types of crimes that they

0:09:39.790,0:09:45.460
would commit to make money are still in

0:09:43.360,0:09:46.870
the realm of traditional crimes and this

0:09:45.460,0:09:48.670
is why people say that the American

0:09:46.870,0:09:50.650
Italian mafia is different from the

0:09:48.670,0:09:53.590
Italian mafia because the Italian mafia

0:09:50.650,0:09:55.300
started for land protections and they

0:09:53.590,0:09:58.390
basically took advantage of land owners

0:09:55.300,0:10:00.100
but the American Italian mafia made

0:09:58.390,0:10:02.620
money through more traditional crimes

0:10:00.100,0:10:06.490
like gambling prostitution rackets

0:10:02.620,0:10:09.700
burglary and extortion which is getting

0:10:06.490,0:10:13.120
money through threats and there was also

0:10:09.700,0:10:15.010
a very popular what’s it called a very

0:10:13.120,0:10:17.530
popular practice called black hand

0:10:15.010,0:10:19.839
racket so I don’t know if you remember

0:10:17.530,0:10:21.700
from like those old movies I’ll get like

0:10:19.839,0:10:23.980
a cryptic note and it’s got like those

0:10:21.700,0:10:25.480
letters like give us money or will I

0:10:23.980,0:10:28.020
kill you or something like that so

0:10:25.480,0:10:29.230
that’s that’s black hand racketing okay

0:10:28.020,0:10:30.880
uh-huh

0:10:29.230,0:10:34.030
and they would actually send these to

0:10:30.880,0:10:35.650
ethnic Italians with threats of death

0:10:34.030,0:10:38.800
and/or violence

0:10:35.650,0:10:44.230
oh my god yeah I don’t know why they did

0:10:38.800,0:10:48.100
it to like fellow Italians but oh wait

0:10:44.230,0:10:49.510
you bring it in the circle so yeah so

0:10:48.100,0:10:52.300
just like random people they just send

0:10:49.510,0:10:55.089
it I’ll be like hey give us money

0:10:52.300,0:10:57.400
yeah just random cryptic notes to people

0:10:55.089,0:11:00.520
and try to get money from them and

0:10:57.400,0:11:03.130
that’s how they made their money like

0:11:00.520,0:11:05.260
because the the Mafia in Italy was

0:11:03.130,0:11:06.430
trying to protect like oh they’re

0:11:05.260,0:11:10.089
Italian yeah

0:11:06.430,0:11:12.070
started trying to protect ya other

0:11:10.089,0:11:13.540
landowners will they protected Lyon

0:11:12.070,0:11:15.399
overs in exchange for money but then

0:11:13.540,0:11:18.550
they eventually become more violent but

0:11:15.399,0:11:20.500
in America it was very much doing

0:11:18.550,0:11:21.460
organized crimes to make money in the

0:11:20.500,0:11:27.029
entire time

0:11:21.460,0:11:33.130
Wow yeah it wasn’t protection and then

0:11:27.029,0:11:34.510
let me think yeah okay so there’s

0:11:33.130,0:11:37.350
something I wanted to do with this black

0:11:34.510,0:11:37.350
hand racket

0:11:39.790,0:11:46.210
hmm okay Oh actually yeah no I know what

0:11:43.510,0:11:48.270
does gonna say so I think I liked

0:11:46.210,0:11:52.270
looking into their traditional crimes

0:11:48.270,0:11:54.670
because we I think they get very

0:11:52.270,0:11:56.440
glamorized in the movies like oh the

0:11:54.670,0:11:59.410
Mafia they’re so cool but this sound is

0:11:56.440,0:12:01.270
terrible like the prostitution rackets

0:11:59.410,0:12:03.490
think about all those little sex slaves

0:12:01.270,0:12:05.920
that you read about in third-world

0:12:03.490,0:12:07.840
countries or less developed countries

0:12:05.920,0:12:10.000
and it’s terrible conditions and that’s

0:12:07.840,0:12:13.090
the same situation like pimps are not a

0:12:10.000,0:12:16.180
cool thing a lot of Italians are running

0:12:13.090,0:12:18.190
that yeah you don’t know that in the

0:12:16.180,0:12:20.770
movies as much it’s mostly just like oh

0:12:18.190,0:12:22.660
I don’t know hey threats

0:12:20.770,0:12:23.890
yeah exports yeah like they seem like

0:12:22.660,0:12:25.930
they’re just gonna beat up each other

0:12:23.890,0:12:28.800
and it’s fighting but it’s it’s that and

0:12:25.930,0:12:31.360
a lot more abuse to like women as well

0:12:28.800,0:12:34.410
made me pretty uncomfortable yeah

0:12:31.360,0:12:37.630
anyways so 1920 we’re getting a lot more

0:12:34.410,0:12:39.940
mafia growth and another thing that

0:12:37.630,0:12:45.670
circuits in the 1920s is the Prohibition

0:12:39.940,0:12:49.240
and the prohibition change the way the

0:12:45.670,0:12:52.960
Mafia ran for forever this is where the

0:12:49.240,0:12:55.510
Mafia really really got rich so within

0:12:52.960,0:12:57.610
the first three months a half million

0:12:55.510,0:13:00.280
dollars in whiskey was stolen from

0:12:57.610,0:13:03.700
government warehouse and today that’s

0:13:00.280,0:13:05.470
over 6.4 million dollars in the first

0:13:03.700,0:13:08.350
three months of prohibition that’s what

0:13:05.470,0:13:10.450
they stole so they made lots of money

0:13:08.350,0:13:11.890
through illegal import manufacturing and

0:13:10.450,0:13:13.210
sale of alcohols

0:13:11.890,0:13:16.990
this is called rum running or

0:13:13.210,0:13:19.390
bootlegging and they would get away with

0:13:16.990,0:13:22.300
it just by bribing policemen judges

0:13:19.390,0:13:24.640
juries witnesses politicians etc and

0:13:22.300,0:13:27.850
that’s basically why the Mafia was able

0:13:24.640,0:13:29.830
to thrive as they made so much money off

0:13:27.850,0:13:32.560
of prohibition that they could afford to

0:13:29.830,0:13:34.420
have to pay off politicians they had a

0:13:32.560,0:13:38.350
lot of connections with government as

0:13:34.420,0:13:39.610
well Wow yeah that’s yeah that’s another

0:13:38.350,0:13:42.010
thing that like I think of when I think

0:13:39.610,0:13:44.230
of the Mafia like oh they’re like they

0:13:42.010,0:13:45.940
have all these deals with like local

0:13:44.230,0:13:49.450
government officials and like law

0:13:45.940,0:13:51.370
enforcement so a lot of like shady yeah

0:13:49.450,0:13:53.380
partnership definitely yeah

0:13:51.370,0:13:54.760
and before then right the maca doesn’t

0:13:53.380,0:13:56.290
have that much money you do make a

0:13:54.760,0:13:58.750
little bit of money from traditional

0:13:56.290,0:14:01.210
crimes but it’s nothing like millions of

0:13:58.750,0:14:03.160
dollars you get from bootlegging so once

0:14:01.210,0:14:05.500
they have more money they definitely

0:14:03.160,0:14:12.089
acquired a lot more power and influence

0:14:05.500,0:14:14.920
um so prohibition is happening and the

0:14:12.089,0:14:16.720
competition for bootlegging is getting

0:14:14.920,0:14:19.720
really intense so then we see a rise in

0:14:16.720,0:14:21.700
turf wars which is just different types

0:14:19.720,0:14:24.790
of mafia gangs fighting each other for

0:14:21.700,0:14:28.570
control of the bootlegging industry so

0:14:24.790,0:14:30.310
in New York City which I would say from

0:14:28.570,0:14:32.800
my research there’s two really big

0:14:30.310,0:14:36.850
hotspots it’s New York and Chicago where

0:14:32.800,0:14:41.830
the mafia is and in New York City the

0:14:36.850,0:14:46.180
two biggest gangs are joe masseria’s

0:14:41.830,0:14:49.060
gang and salvatore a Mara Mara and Zano

0:14:46.180,0:14:53.080
salvatore maranzano so these are the two

0:14:49.060,0:14:56.589
big these names are gonna be my grandma

0:14:53.080,0:15:00.370
would be very very ashamed these two

0:14:56.589,0:15:04.630
gangs are like the main ones in

0:15:00.370,0:15:07.589
competition and in February 1930 they

0:15:04.630,0:15:11.080
have what’s called the Castel Ahmad

0:15:07.589,0:15:14.790
Ricci castle Emery sea war and that

0:15:11.080,0:15:17.200
lasts from February 1932 April 1931 and

0:15:14.790,0:15:19.510
that’s just the gangs fighting each

0:15:17.200,0:15:23.380
other for control of the rum running

0:15:19.510,0:15:26.230
bootlegging industry and and it finally

0:15:23.380,0:15:31.060
ends in April 1931 when Masseria is

0:15:26.230,0:15:34.209
murdered and then modern Zano who was

0:15:31.060,0:15:35.890
the other guy comes into power and these

0:15:34.209,0:15:38.230
turf wars are really violent and it’s

0:15:35.890,0:15:40.150
really just hurting you know Duke gang

0:15:38.230,0:15:41.830
members it’s not very productive so

0:15:40.150,0:15:44.230
Maranzano comes up with the idea to

0:15:41.830,0:15:46.900
unify the Mafia the gangs of New York

0:15:44.230,0:15:48.760
and then establish territory so now each

0:15:46.900,0:15:52.450
gang can operate in their own territory

0:15:48.760,0:15:54.370
and not affect each other right so a

0:15:52.450,0:15:58.450
little bit of collaboration going on

0:15:54.370,0:16:00.190
come in again yeah like they have their

0:15:58.450,0:16:01.480
really good businessman actually if you

0:16:00.190,0:16:04.940
look at all the things they do they’re

0:16:01.480,0:16:07.320
definitely I

0:16:04.940,0:16:10.920
from a business perspective I was like

0:16:07.320,0:16:14.070
this is a good idea that was a good move

0:16:10.920,0:16:14.880
okay so Maranzano unifies the mafia

0:16:14.070,0:16:17.070
gangs of New York

0:16:14.880,0:16:20.850
into what’s known as the five families

0:16:17.070,0:16:24.060
and the five family is our Bonanno

0:16:20.850,0:16:27.330
Colombo Gambino Genovese see and Lou

0:16:24.060,0:16:29.850
Ches a and I just want to know that

0:16:27.330,0:16:31.800
these are not actually their family name

0:16:29.850,0:16:33.600
what do I look further into it and

0:16:31.800,0:16:36.600
they’re definitely not the family’s

0:16:33.600,0:16:38.100
actual names like say the families that

0:16:36.600,0:16:40.260
ran these gangs this is like their

0:16:38.100,0:16:43.530
codename because I’m dumb you make your

0:16:40.260,0:16:46.230
actual last name yeah that doesn’t make

0:16:43.530,0:16:49.920
sense well it looks like we’re just in

0:16:46.230,0:16:54.930
case yeah exactly yeah so they’re

0:16:49.920,0:16:58.380
operating under pseudonyms okay okay so

0:16:54.930,0:17:01.350
now they’re unified and within six

0:16:58.380,0:17:03.510
months of the unification of them

0:17:01.350,0:17:05.520
mountains ah no is the head of the five

0:17:03.510,0:17:06.990
family so they all agree under him and

0:17:05.520,0:17:10.350
they all have to pay him a little bit of

0:17:06.990,0:17:11.520
money I don’t know why but they’re

0:17:10.350,0:17:18.750
paying him a little bit of money to

0:17:11.520,0:17:23.120
operate and Maranzano has a right-hand

0:17:18.750,0:17:27.660
man named Charles Lucky Luciano and

0:17:23.120,0:17:29.750
Lucky Luciano is like evil this guy is

0:17:27.660,0:17:32.760
so evil no thank you

0:17:29.750,0:17:34.680
yeah he’s very very famous he ends up

0:17:32.760,0:17:37.410
murdering men and Donal within six

0:17:34.680,0:17:39.930
months and he then becomes the head of

0:17:37.410,0:17:42.750
the five families and actually so

0:17:39.930,0:17:45.510
Charles is Charles like the wheat yeah

0:17:42.750,0:17:47.760
should I call him like lucky or Luciano

0:17:45.510,0:17:51.840
for this okay so what kind lucky for the

0:17:47.760,0:17:54.720
rest of this but lucky basically he was

0:17:51.840,0:17:58.080
under my studio which was the master

0:17:54.720,0:17:59.700
yeah who is like one guy and the ma

0:17:58.080,0:18:01.260
Surya gets murdered and then he works

0:17:59.700,0:18:03.300
for Ramona and Zano and then he murders

0:18:01.260,0:18:06.210
Maranzano and it assumes the head of the

0:18:03.300,0:18:09.120
five families but lucky actually was the

0:18:06.210,0:18:11.540
one who also helped murder the first guy

0:18:09.120,0:18:14.820
that he was working under which was line

0:18:11.540,0:18:17.160
yeah so he murdered one of the bosses

0:18:14.820,0:18:18.429
then he murdered the second boss that

0:18:17.160,0:18:25.600
took over and then

0:18:18.429,0:18:28.690
he’s my god so he’s diabolical so now

0:18:25.600,0:18:30.909
he’s the boss and he’s doing well makes

0:18:28.690,0:18:34.119
a lot of money driven by power and greed

0:18:30.909,0:18:36.759
run into New York and in 1936 Luciano

0:18:34.119,0:18:39.249
finally gets arrested for operating a

0:18:36.759,0:18:43.059
prostitution ring and then he said since

0:18:39.249,0:18:47.110
250 years he only serves 10 and then

0:18:43.059,0:18:50.080
gets deported back to Italy yeah so

0:18:47.110,0:18:52.149
mm-hmm and that’s the end of basically

0:18:50.080,0:18:55.330
Luciano’s days I think that he’s still

0:18:52.149,0:18:59.139
operating remotely in Italy but yeah

0:18:55.330,0:19:01.629
when he goes back to Italy yeah I think

0:18:59.139,0:19:03.999
he he did something remote I don’t even

0:19:01.629,0:19:05.860
know who took over after him because

0:19:03.999,0:19:08.320
that would have he would have been done

0:19:05.860,0:19:10.600
in 1936 and the five families are still

0:19:08.320,0:19:12.190
running today so I’ll get into that at

0:19:10.600,0:19:15.490
the end but the Mafia still exists today

0:19:12.190,0:19:21.549
they didn’t go anywhere mark you’re

0:19:15.490,0:19:23.019
listening please anatec cos all right so

0:19:21.549,0:19:26.619
that’s New York now we’re gonna go to

0:19:23.019,0:19:29.590
Chicago which is where my Italian family

0:19:26.619,0:19:31.629
migrated so at first I thought oh maybe

0:19:29.590,0:19:33.490
my families are part of the mafia but

0:19:31.629,0:19:35.740
actually actually like after doing

0:19:33.490,0:19:38.289
research I was like I pray that they

0:19:35.740,0:19:40.029
were not at all involved because this is

0:19:38.289,0:19:41.590
terrible stuff and I hope that they

0:19:40.029,0:19:42.850
never had to go through this I hope no

0:19:41.590,0:19:44.730
one in my family committed these crimes

0:19:42.850,0:19:47.200
yeah

0:19:44.730,0:19:52.029
glamorize in Hollywood but they’re

0:19:47.200,0:19:54.309
actually not people at all yeah right so

0:19:52.029,0:19:57.659
in Chicago there’s also these turf wars

0:19:54.309,0:20:00.070
rising up fight for territories and

0:19:57.659,0:20:03.039
there are two gangs that are pretty

0:20:00.070,0:20:04.809
powerful once called the outfit and the

0:20:03.039,0:20:09.159
other one was called the North Side gang

0:20:04.809,0:20:11.980
and in 1929 there is a big event called

0:20:09.159,0:20:14.110
the st. Valentine’s Day Massacre I’ve

0:20:11.980,0:20:15.759
heard of this I’ve heard of this oh nice

0:20:14.110,0:20:17.919
okay yeah cuz you’re from Chicago

0:20:15.759,0:20:20.730
so like what have you heard about it

0:20:17.919,0:20:23.559
tell me more just like a lot of people

0:20:20.730,0:20:25.990
is it like a restaurant or something and

0:20:23.559,0:20:28.559
then or like a party or something like

0:20:25.990,0:20:31.389
really public gathering and then like

0:20:28.559,0:20:32.230
one gang infiltrates like the other is

0:20:31.389,0:20:34.150
territory and

0:20:32.230,0:20:37.840
kills a lot of people right yeah

0:20:34.150,0:20:42.400
basically yeah so it way is the outfit

0:20:37.840,0:20:44.110
which is uh actually out the gang net Al

0:20:42.400,0:20:47.440
Capone was a part of which we’ll hear a

0:20:44.110,0:20:50.440
lot about later but that gang dressed up

0:20:47.440,0:20:52.750
disguised as policemen and they went to

0:20:50.440,0:20:55.240
the Lincoln Park garage which is like

0:20:52.750,0:20:57.130
pretty public area and just lined up to

0:20:55.240,0:21:01.180
the other gang members and shot them all

0:20:57.130,0:21:04.450
down so they murdered total of seven men

0:21:01.180,0:21:07.570
from the North Side gang and the worst

0:21:04.450,0:21:10.240
part about it is no one was charged so

0:21:07.570,0:21:13.590
they completely got away from that the

0:21:10.240,0:21:16.510
most like bloody massacre oh my seeing

0:21:13.590,0:21:21.310
everyone’s unscathed Wow what the heck

0:21:16.510,0:21:23.620
it was wild right so then the outfit the

0:21:21.310,0:21:26.260
opposite is the one who won that yeah

0:21:23.620,0:21:29.650
shoot about and the outfit is run by Al

0:21:26.260,0:21:32.110
Capone and John Torrio and they work

0:21:29.650,0:21:35.710
together to after that to unify all the

0:21:32.110,0:21:38.140
gangs in Chicago as one okay yeah and

0:21:35.710,0:21:40.630
then so eventually John retires to go

0:21:38.140,0:21:43.170
back to Italy and this was when Al

0:21:40.630,0:21:45.900
Capone probably one of the most famous

0:21:43.170,0:21:50.500
mafia members takes over

0:21:45.900,0:21:54.370
so the Chicago Outfit is the name of the

0:21:50.500,0:21:55.990
gang he’s running and it is probably the

0:21:54.370,0:22:01.630
most powerful and well known gang of

0:21:55.990,0:22:03.040
Chicago and he basically just does a

0:22:01.630,0:22:08.610
really good job from a business

0:22:03.040,0:22:11.110
perspective as well profiting off of the

0:22:08.610,0:22:12.970
prohibition and then later the Great

0:22:11.110,0:22:18.910
Depression they made profits off of that

0:22:12.970,0:22:22.180
so during his peak the height of the

0:22:18.910,0:22:24.910
late 1920s where they’re operating they

0:22:22.180,0:22:29.700
have an estimated revenue of a hundred

0:22:24.910,0:22:32.470
million and I ate about 1.4 billion in

0:22:29.700,0:22:35.380
that would be 1.4 billion in 2016 so

0:22:32.470,0:22:37.110
roughly that in today’s terms and that

0:22:35.380,0:22:39.550
was all from liquor distribution

0:22:37.110,0:22:42.550
speakeasies beer brewery and gambling

0:22:39.550,0:22:45.400
prostitution in other rackets that’s a

0:22:42.550,0:22:49.660
shame it’s a lot of money Billy

0:22:45.400,0:22:53.680
with a bee so it’s an insane amount of

0:22:49.660,0:22:55.420
money for that time and a good thing al

0:22:53.680,0:22:58.180
capone did though during the Great

0:22:55.420,0:23:01.780
Depression whereas he opened the first

0:22:58.180,0:23:03.940
soup kitchen in Chicago kidding yeah so

0:23:01.780,0:23:08.620
that got me feeling a bunch of different

0:23:03.940,0:23:16.270
ways man of the people but also imparted

0:23:08.620,0:23:19.630
everyone oh my god and actually I’ll get

0:23:16.270,0:23:21.640
into this again but Al Capone was kind

0:23:19.630,0:23:23.470
of a calm guy like he didn’t really cost

0:23:21.640,0:23:25.350
you went to trouble in when he was

0:23:23.470,0:23:29.740
serving his term he’s not a violent guy

0:23:25.350,0:23:33.310
didn’t cause yeah he wasn’t in yeah I’ll

0:23:29.740,0:23:36.640
talk about this so basically his first

0:23:33.310,0:23:39.160
criminal conviction is in May of 1929

0:23:36.640,0:23:42.120
and it was in Philadelphia where he was

0:23:39.160,0:23:46.810
caught carrying a concealed weapon oh

0:23:42.120,0:23:48.970
right yeah that’s it so that’s what he

0:23:46.810,0:23:51.220
gets criminally convicted and he’s

0:23:48.970,0:23:55.120
convicted for a year he gets freed in

0:23:51.220,0:23:57.190
March of 1930 but then a month later the

0:23:55.120,0:23:59.140
Chicago Crime Commission released its

0:23:57.190,0:24:02.020
first ever list of the festivities worst

0:23:59.140,0:24:03.040
criminals and Capone his name public

0:24:02.020,0:24:07.740
enemy number one

0:24:03.040,0:24:10.450
oh right so the nation is like this guy

0:24:07.740,0:24:12.850
not our friend everyone look out for him

0:24:10.450,0:24:14.950
and I think Herbert Hoover who you know

0:24:12.850,0:24:17.140
was president during this time was

0:24:14.950,0:24:19.270
trying to do a crackdown on the Mafia as

0:24:17.140,0:24:20.920
well so that’s why he publicized that Al

0:24:19.270,0:24:23.050
Capone was public enemy number one

0:24:20.920,0:24:24.840
because he’s a very well-known crime

0:24:23.050,0:24:28.300
boss Oh

0:24:24.840,0:24:31.630
so anyways he’s public enemy number one

0:24:28.300,0:24:33.970
in 1931 he gets indicated or addicted on

0:24:31.630,0:24:36.610
charges of tax evasion which is

0:24:33.970,0:24:44.020
something I will probably go to the jail

0:24:36.610,0:24:45.820
for one one day but anyway I was reading

0:24:44.020,0:24:47.680
this and I was like wow maybe I don’t

0:24:45.820,0:24:51.490
want to be related to Al Capone but

0:24:47.680,0:24:53.890
wouldn’t be surprised because okay what

0:24:51.490,0:24:55.070
the maquiladora businessman like I don’t

0:24:53.890,0:24:57.680
disagree

0:24:55.070,0:25:00.020
literally I was like this is really they

0:24:57.680,0:25:03.080
made 1.4 billion in profit and evaded

0:25:00.020,0:25:05.840
taxes which I I pay my taxes just like

0:25:03.080,0:25:08.060
to clarify I’m not evading them but if

0:25:05.840,0:25:09.950
there’s any crime I would do I’m not

0:25:08.060,0:25:12.920
gonna murder anyone it’s most likely

0:25:09.950,0:25:15.920
gonna be tax evasion for me oh boy now

0:25:12.920,0:25:17.600
the IRS is good I know like they’re

0:25:15.920,0:25:21.320
gonna audit me and be like this girl

0:25:17.600,0:25:26.480
okay I file my taxes let me say that

0:25:21.320,0:25:29.480
right now okay so yes he goes to jail

0:25:26.480,0:25:32.660
for a tax evasion and he’s sentenced to

0:25:29.480,0:25:36.710
11 years in prison and fined 50,000 USD

0:25:32.660,0:25:39.200
which is only about 700 thousand USD in

0:25:36.710,0:25:42.260
today’s terms but they compared to how

0:25:39.200,0:25:44.690
much money he’s been like profiting like

0:25:42.260,0:25:47.840
right it’s a drop in the bucket it’s not

0:25:44.690,0:25:49.850
anything so he first serves in Atlanta

0:25:47.840,0:25:52.370
for two years and this is where I was

0:25:49.850,0:25:55.100
like he’s a calm dude so from what I’ve

0:25:52.370,0:25:56.810
read on his time serving in Atlanta he

0:25:55.100,0:25:59.600
didn’t cause much trouble trying to

0:25:56.810,0:26:03.880
disturb his term very quietly until he

0:25:59.600,0:26:09.530
was sent to Alcatraz in 1934 and yeah

0:26:03.880,0:26:10.970
Alcatraz and they said to that since he

0:26:09.530,0:26:12.680
didn’t cause any trouble they think

0:26:10.970,0:26:13.850
sending him to Alcatraz was more of a

0:26:12.680,0:26:16.310
publicity stunt

0:26:13.850,0:26:18.770
yeah like the works people get sent to

0:26:16.310,0:26:23.540
Alcatraz and like Al Capone’s at

0:26:18.770,0:26:26.690
Alcatraz but here’s calm dude and so

0:26:23.540,0:26:29.330
he’s in Alcatraz from 1934 until 1939

0:26:26.690,0:26:31.220
where he’s released so he only served

0:26:29.330,0:26:33.020
about four and a half years in Alcatraz

0:26:31.220,0:26:35.240
in addition to like his two years in

0:26:33.020,0:26:37.790
Atlanta we didn’t serve the full 11

0:26:35.240,0:26:39.920
years and he was released because he was

0:26:37.790,0:26:42.710
suffering from syphilis so he was a

0:26:39.920,0:26:46.880
really bad shape yeah mentally

0:26:42.710,0:26:49.190
physically not doing well yeah and he

0:26:46.880,0:26:50.780
ended up going to a house that he bought

0:26:49.190,0:26:54.050
in Florida and kind of just playing

0:26:50.780,0:26:57.020
cards till the end of his days when he

0:26:54.050,0:27:02.870
finally dies from a heart attack in 1947

0:26:57.020,0:27:05.840
and has been buried in Chicago Wow is it

0:27:02.870,0:27:07.460
like a mark grave I wonder it should be

0:27:05.840,0:27:08.360
it should be like a thing I’m surprised

0:27:07.460,0:27:11.450
you haven’t heard of it

0:27:08.360,0:27:13.429
getting say I guess like maybe people

0:27:11.450,0:27:16.970
would know about it I feel like I should

0:27:13.429,0:27:20.270
know this where is it I’m gonna look it

0:27:16.970,0:27:22.100
up it was by cemetery but yeah and by

0:27:20.270,0:27:23.809
the time he died he would have amassed a

0:27:22.100,0:27:27.049
net worth of a hundred million dollars

0:27:23.809,0:27:30.830
which is eighteen point six billion and

0:27:27.049,0:27:33.470
oh my gosh

0:27:30.830,0:27:35.690
right so they are I can’t like

0:27:33.470,0:27:37.940
comprehend them which one I know oh

0:27:35.690,0:27:40.690
right I was like Lord if I could make a

0:27:37.940,0:27:43.040
billion dollars in my lifetime really

0:27:40.690,0:27:46.880
accomplished well okay

0:27:43.040,0:27:49.790
wait I know I’m very very torn because

0:27:46.880,0:27:52.640
I’m like Al Capone not a good guy but

0:27:49.790,0:27:55.940
then again I admire the soup kitchen I

0:27:52.640,0:27:59.179
admire the business tax evasion and I

0:27:55.940,0:28:03.230
have to say John Mayer like I’m

0:27:59.179,0:28:06.320
impressed with it yeah well you know

0:28:03.230,0:28:07.040
what fuckin way it situation it’s true

0:28:06.320,0:28:09.919
that’s true

0:28:07.040,0:28:11.090
but it is alright that’s for sure it is

0:28:09.919,0:28:15.559
yeah

0:28:11.090,0:28:17.210
pay taxes so I wanted to go into how

0:28:15.559,0:28:19.610
they got rich after the prohibition

0:28:17.210,0:28:22.490
because kind gets interesting on their

0:28:19.610,0:28:26.179
interest rates but after the prohibition

0:28:22.490,0:28:28.250
they continued doing sales of other

0:28:26.179,0:28:30.530
illegal drugs cuz things like cocaine

0:28:28.250,0:28:32.059
are still illegal heroin I’m gonna face

0:28:30.530,0:28:33.950
old heroin but they’re selling other

0:28:32.059,0:28:39.020
legal drugs they do a lot of gambling

0:28:33.950,0:28:40.970
later on they will open up a lot of

0:28:39.020,0:28:42.799
casinos this is like later generations

0:28:40.970,0:28:44.480
of the Mafia have done this and they

0:28:42.799,0:28:47.809
operate casinos they still do

0:28:44.480,0:28:51.950
prostitution rings and then during the

0:28:47.809,0:28:54.860
Great Depression they were huge on loan

0:28:51.950,0:28:58.160
sharking because they had so much money

0:28:54.860,0:29:00.110
so what they would do is a lot of people

0:28:58.160,0:29:01.760
and businesses couldn’t get loans so

0:29:00.110,0:29:03.470
they would take the money that they got

0:29:01.760,0:29:06.190
from blue legging and start lending that

0:29:03.470,0:29:10.880
out and really high interest rates and

0:29:06.190,0:29:13.880
the rates were about 20% plus but get

0:29:10.880,0:29:15.919
this that interest rate that the Mafia

0:29:13.880,0:29:17.960
was charging that is the interest rate

0:29:15.919,0:29:19.779
on my credit card right now it’s 20%

0:29:17.960,0:29:23.169
months yeah

0:29:19.779,0:29:24.849
and it’s very similar to what credit

0:29:23.169,0:29:27.249
card charges credit card companies will

0:29:24.849,0:29:28.779
charge over spenders with bad credit and

0:29:27.249,0:29:29.529
I’m not I don’t overspend and I don’t

0:29:28.779,0:29:30.759
have bad credit

0:29:29.529,0:29:33.279
I think they just update because I’m

0:29:30.759,0:29:35.710
always on time so it’s like if I mess up

0:29:33.279,0:29:39.629
they can profit but credit card

0:29:35.710,0:29:39.629
companies in the Mafia very similar

0:29:42.269,0:29:48.460
modern-day Italy

0:29:44.320,0:29:49.659
Margy mafia is their new yeah that could

0:29:48.460,0:30:01.779
be what they’re doing today is they’re

0:29:49.659,0:30:03.759
just operating credit card basically pay

0:30:01.779,0:30:05.349
off your credit card is what I’m saying

0:30:03.759,0:30:08.889
and if you didn’t pay off your credit

0:30:05.349,0:30:10.899
cards or your loans from the Mafia they

0:30:08.889,0:30:12.609
wouldn’t like self-harm on you not so

0:30:10.899,0:30:14.529
far students like harm on you and then

0:30:12.609,0:30:17.649
they would also take a percentage chunk

0:30:14.529,0:30:21.089
of your business which is another good

0:30:17.649,0:30:23.739
business move to take a chunk of suits

0:30:21.089,0:30:25.659
but no I yeah I feel like I hear like oh

0:30:23.739,0:30:28.839
that business is run by the Mafia and

0:30:25.659,0:30:31.659
they control this whole like ship meat

0:30:28.839,0:30:33.070
packing industry and shipping and that’s

0:30:31.659,0:30:35.710
probably is that how it happened is like

0:30:33.070,0:30:38.679
they kind of acquire all these yeah they

0:30:35.710,0:30:42.749
just they acquire partial bits of other

0:30:38.679,0:30:47.349
businesses and I do have an interesting

0:30:42.749,0:30:48.969
fact that eventually I don’t think this

0:30:47.349,0:30:50.739
was in the 30s I think it was in the 50s

0:30:48.969,0:30:53.349
but eventually the five families in New

0:30:50.739,0:30:55.899
York became so powerful that government

0:30:53.349,0:30:57.879
officials couldn’t build or do any

0:30:55.899,0:31:00.010
construction without consulting the

0:30:57.879,0:31:01.390
Mafia first

0:31:00.010,0:31:02.800
because if it would affect their

0:31:01.390,0:31:06.580
businesses or something you’d have

0:31:02.800,0:31:08.320
trouble yeah so that’s how much power

0:31:06.580,0:31:11.830
they had and hopefully that wasn’t in

0:31:08.320,0:31:14.860
the 50s but I have i from my memory of

0:31:11.830,0:31:22.570
that research I think it wasn’t in the

0:31:14.860,0:31:24.790
30s oh okay yeah and then they also may

0:31:22.570,0:31:27.760
or may not have kidnapped Charles

0:31:24.790,0:31:30.220
Lindbergh’s infant cyan 450 Qasim told

0:31:27.760,0:31:32.860
her oh yeah there’s so much like

0:31:30.220,0:31:36.160
conspiracy theories could have been them

0:31:32.860,0:31:37.900
I feel like that’s 100% likely very

0:31:36.160,0:31:40.390
unfortunate if you’re not familiar with

0:31:37.900,0:31:42.850
that story Charles Lindbergh infant son

0:31:40.390,0:31:45.670
gets kidnapped and he pays the ransom

0:31:42.850,0:31:49.660
for $50,000 but then later they find his

0:31:45.670,0:31:51.370
infant son yeah it was really sad that’s

0:31:49.660,0:31:53.590
right there’s a lot of different

0:31:51.370,0:31:55.090
theories about that one man that might

0:31:53.590,0:31:57.910
not have been the loss yet if it wasn’t

0:31:55.090,0:32:03.790
mafia I’m sorry I just delivering news

0:31:57.910,0:32:06.930
it yeah all right and so today like I

0:32:03.790,0:32:10.060
said the mafia is still in operation

0:32:06.930,0:32:12.010
they’re estimated that in 2002 the Mafia

0:32:10.060,0:32:16.090
made at least 50 billion a year

0:32:12.010,0:32:18.250
so in 22 20 18 years later who knows how

0:32:16.090,0:32:21.280
much they’re making there’s still about

0:32:18.250,0:32:23.320
3,000 membranes left mostly in Chicago

0:32:21.280,0:32:27.760
Philadelphia in New York City you

0:32:23.320,0:32:28.550
probably passed a mafia member it I’m

0:32:27.760,0:32:32.510
afraid

0:32:28.550,0:32:32.510
[Laughter]

0:32:32.640,0:32:38.830
yeah today they also I know again

0:32:36.280,0:32:41.410
another good business tactic they

0:32:38.830,0:32:43.420
outsource a lot of their work which is

0:32:41.410,0:32:46.200
great like you’re trying to start a

0:32:43.420,0:32:48.490
business outsourcing your work is like

0:32:46.200,0:32:50.560
they’re really running efficiently so

0:32:48.490,0:32:52.360
they’ll do it they’ll outsource to biker

0:32:50.560,0:32:54.760
gangs and other organized crimes I

0:32:52.360,0:32:56.500
didn’t really this biker gangs organized

0:32:54.760,0:32:58.630
crimes I thought they were just people

0:32:56.500,0:33:01.750
that liked to ride bikes together I

0:32:58.630,0:33:02.890
think there’s like very like intense I

0:33:01.750,0:33:06.040
think there are definitely like biker

0:33:02.890,0:33:09.520
like gangs where they’re like they do a

0:33:06.040,0:33:11.020
lot of legal stuff um but then I think

0:33:09.520,0:33:12.430
they’re all just the guys are like

0:33:11.020,0:33:13.540
they’re right there are motorcycles

0:33:12.430,0:33:15.490
together

0:33:13.540,0:33:20.260
if you see like people on the highway to

0:33:15.490,0:33:26.050
like you know don’t automatically please

0:33:20.260,0:33:28.570
but no ya know lots of ya

0:33:26.050,0:33:30.190
lots of discoveries is the organized

0:33:28.570,0:33:33.700
crime world that you did not know

0:33:30.190,0:33:36.880
existed anyways yeah and the only thing

0:33:33.700,0:33:40.060
that kind of unifies the mafias is this

0:33:36.880,0:33:42.670
thing called the omerta or oast okay and

0:33:40.060,0:33:45.130
that is basically an oath that’s like if

0:33:42.670,0:33:46.660
someone asks you questions don’t talk if

0:33:45.130,0:33:48.280
they ask the questions and you know

0:33:46.660,0:33:49.780
something don’t talk and they ask

0:33:48.280,0:33:52.300
questions and you don’t know something

0:33:49.780,0:33:54.040
don’t talk yes always don’t open your

0:33:52.300,0:33:58.540
mouth and that’s the oath that mafia

0:33:54.040,0:34:04.900
members take and so the Commission which

0:33:58.540,0:34:12.639
is in oh wait the Commission is the New

0:34:04.900,0:34:13.210
York let me like this a real quick right

0:34:12.639,0:34:15.310
okay

0:34:13.210,0:34:17.260
the Commission is the New York so when

0:34:15.310,0:34:19.510
right when I talked about Lucky Luciano

0:34:17.260,0:34:20.740
who is the head of the five families

0:34:19.510,0:34:22.419
that and ended up being called the

0:34:20.740,0:34:26.169
Commission’s so the Commission which is

0:34:22.419,0:34:28.750
that New York collection of families

0:34:26.169,0:34:30.879
yeah that’s still reported to exist and

0:34:28.750,0:34:33.040
its current membership though is only

0:34:30.879,0:34:37.510
compromised of the five families and the

0:34:33.040,0:34:39.550
Chicago Outfit so Wow and I’m certain to

0:34:37.510,0:34:43.990
the Thayer profiting off of Cove in

0:34:39.550,0:34:48.310
nineteen stuff they have like a like a

0:34:43.990,0:34:49.929
mask face mask of being when everyone’s

0:34:48.310,0:34:52.270
buying out face masks didn’t like price

0:34:49.929,0:34:55.600
gouging I was like who would do this and

0:34:52.270,0:34:59.800
I’m like ah the Mafia would probably be

0:34:55.600,0:35:03.340
into that like I know that yeah I guess

0:34:59.800,0:35:05.200
I never really yeah that’s crazy though

0:35:03.340,0:35:06.610
because I guess I assumed like okay

0:35:05.200,0:35:08.830
maybe there’s so like smaller mock

0:35:06.610,0:35:10.660
yesterday but you said in 2002 they were

0:35:08.830,0:35:13.510
making like billions of dollars though

0:35:10.660,0:35:16.990
right so Lana they don’t realize that

0:35:13.510,0:35:18.640
the Mafia is still making so much money

0:35:16.990,0:35:19.840
and it’s so like so powerful tit because

0:35:18.640,0:35:23.140
you don’t really hear about it I feel

0:35:19.840,0:35:24.040
like now there are just so many that we

0:35:23.140,0:35:27.230
have to worry about

0:35:24.040,0:35:29.240
and so maybe because of that

0:35:27.230,0:35:31.640
yeah and the thing is too right I talked

0:35:29.240,0:35:34.400
about how they started operating casinos

0:35:31.640,0:35:37.820
and casinos make a lot of money yeah yes

0:35:34.400,0:35:41.450
and you know if they’re still existing

0:35:37.820,0:35:43.190
today and evading taxes or anything so

0:35:41.450,0:35:44.960
with all that money they made in the

0:35:43.190,0:35:47.270
Prohibition I’m sure they’re using that

0:35:44.960,0:35:49.480
to continue I wonder why we don’t talk

0:35:47.270,0:35:52.190
about it as much anymore though you know

0:35:49.480,0:35:53.840
like a hush-hush thing we also will

0:35:52.190,0:35:55.760
memorize it too much in Hollywood this

0:35:53.840,0:35:57.380
is actually this is crime this is not

0:35:55.760,0:36:00.020
good you’re taking advantage of like

0:35:57.380,0:36:03.470
helpless people and we make it seem

0:36:00.020,0:36:07.780
really cool but it’s not yeah it’s not

0:36:03.470,0:36:07.780
cool guys don’t don’t join the Mafia

0:36:08.950,0:36:17.359
that’s our official stance yeah that’s

0:36:14.060,0:36:19.580
the Mafia in a nutshell so interesting I

0:36:17.359,0:36:20.150
love it great job thank you for sharing

0:36:19.580,0:36:23.869
that

0:36:20.150,0:36:25.900
okay the problem pay your taxes and pay

0:36:23.869,0:36:28.720
off your credit cards so in the Mafia

0:36:25.900,0:36:48.460
thanks for listening

0:36:28.720,0:36:48.460
[Music]

The Great Depression Was A GOOD Thing?

How Can I Study Abroad? | The Gilman Scholarship How Did We Not Know That

Study abroad is expensive, but luckily there are scholarships available to help! In this guest episode, we talk about the founding of the Benjamin A. Gilman International Scholarship as well as application tips and deadlines. Special thanks to our guest for this week, Sarah, the host of 'A Gilman Podcast'!Ā  Check out A. Gilman Podcast here! šŸŽ™ The Gilman Scholarship Official Website: https://www.gilmanscholarship.org/ Sarah's email: sarah.a.murrayy@gmail.com šŸ“¦ ORDER YOUR HDWNKT STICKER HERE!: https://account.venmo.com/u/hdwnktĀ  Check out FSO Compass here: https://fsocompass.com/hdwnktĀ Ā  Help us improve the quality of our podcast by contributing to our Patreon: https://www.patreon.com/HowDidWeNotKnowThatĀ  Study Guides and Show Notes: http://www.hdwnkt.com — Support this podcast: https://anchor.fm/hdwnkt/support
  1. How Can I Study Abroad? | The Gilman Scholarship
  2. What Are Cryptocurrencies? | Minisode #17
  3. Is Fritz Haber Our Savior Or Our Worst Nightmare?
  4. Minisode #16: What's Going On In Papua?
  5. Japan Occupied Korea?

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Show Notes

Historical unemployment, widespread homelessness, stock market crashes, and failing crops characterized the American Great Depression; but could the immense suffering have actually been a good thing? In this episode Jac explains the start and end of the Great Depression, differences in the lives of people going through it, and the light on the other side.

Sources:

https://www.ducksters.com/history/us_1900s/great_depression.php

https://www.ducksters.com/history/us_1900s/first_new_deal.php

https://www.businessinsider.com/how-the-mob-crushed-it-during-the-great-depression-2015-6

https://www.biography.com/crime-figure/lucky-luciano

https://www.history.com/topics/great-depression/dust-bowl

https://www.history.com/topics/crime/mafia-in-the-united-states

https://www.cnbc.com/2020/04/30/us-weekly-jobless-claims.html

Transcript

0:00:00.030,0:00:07.259
all right hello and welcome to how did

0:00:04.259,0:00:10.200
we not know that my name is NAT I’m one

0:00:07.259,0:00:13.320
of your co-hosts and I’m Jac I’m your

0:00:10.200,0:00:14.700
other co-host and Jack doing a toast

0:00:13.320,0:00:20.760
what we’re gonna be talking about on

0:00:14.700,0:00:23.939
today’s episode first sure so with the

0:00:20.760,0:00:27.439
coronavirus situation happening we’re

0:00:23.939,0:00:31.320
having a lot of economic trouble

0:00:27.439,0:00:34.739
including lots of job losses lots of

0:00:31.320,0:00:36.710
crashes in the market and uncertainty so

0:00:34.739,0:00:38.760
I thought it’d be interesting if we

0:00:36.710,0:00:43.320
talked a little bit more about the Great

0:00:38.760,0:00:45.480
Depression and compared parallels not

0:00:43.320,0:00:56.190
tell me what you know about the Great

0:00:45.480,0:00:58.859
Depression in elementary school you guys

0:00:56.190,0:01:02.309
covered the Great Depression sixth grade

0:00:58.859,0:01:05.610
that’s heavy I don’t know I feel like

0:01:02.309,0:01:08.130
okay so from what I remember I always we

0:01:05.610,0:01:13.170
talked about like the New Deal a lot and

0:01:08.130,0:01:16.520
then like yeah that like from what I

0:01:13.170,0:01:19.229
know the New Deal like pulled us out of

0:01:16.520,0:01:22.560
probably prove me wrong

0:01:19.229,0:01:25.650
and then Oh like I just remember like

0:01:22.560,0:01:26.970
hearing all about like how everyone lost

0:01:25.650,0:01:30.030
their job and everyone’s like homeless

0:01:26.970,0:01:34.020
oh also the musical annie’ like that set

0:01:30.030,0:01:35.850
in the oh I didn’t know that so she’s

0:01:34.020,0:01:39.570
like the Little Orphan Annie and then

0:01:35.850,0:01:40.890
Daddy Warbucks okay I had no idea that

0:01:39.570,0:01:45.450
that wasn’t I felt like it was like

0:01:40.890,0:01:46.670
Roaring Twenties was like that maybe it

0:01:45.450,0:01:49.110
is the Great Depression

0:01:46.670,0:01:52.829
you’re like Daddy Warbucks wouldn’t be

0:01:49.110,0:01:54.710
so cheery if it was depression so the

0:01:52.829,0:01:57.210
Great Depression is after World War one

0:01:54.710,0:02:01.110
yeah after World War one we have the

0:01:57.210,0:02:03.780
roaring 20s so here we have yeah and

0:02:01.110,0:02:05.700
then before World War II exactly gotcha

0:02:03.780,0:02:10.959
so yeah that’s basically what I know it

0:02:05.700,0:02:13.420
was just the worst it was it was

0:02:10.959,0:02:17.430
it’s not fun so my grandparents told me

0:02:13.420,0:02:23.760
like how is it what we like the worst

0:02:17.430,0:02:23.760
yeah so my grandparents are

0:02:24.239,0:02:27.569
we’re gonna in like the United States in

0:02:26.459,0:02:29.909
that generation so they would have

0:02:27.569,0:02:34.769
migrated to the states from Italy and

0:02:29.909,0:02:37.769
like the Czech Republic in like late

0:02:34.769,0:02:41.310
1800s Early 1900s so my grandparents

0:02:37.769,0:02:45.209
were going through it as children and a

0:02:41.310,0:02:46.680
lot of the there’s like a legacy that a

0:02:45.209,0:02:49.079
lot of people talk about that happened

0:02:46.680,0:02:50.730
after the Great Depression that affected

0:02:49.079,0:02:51.299
the upcoming generations and it’s so

0:02:50.730,0:02:53.159
true

0:02:51.299,0:02:55.409
I didn’t get to talk to my grandparents

0:02:53.159,0:02:57.239
about what it was like growing up but I

0:02:55.409,0:02:59.819
there a lot of things that they would do

0:02:57.239,0:03:01.290
like my grandpa would store he didn’t

0:02:59.819,0:03:03.180
trust the banks he would always store

0:03:01.290,0:03:06.510
his money in his mattress like he legit

0:03:03.180,0:03:08.609
did that man thanks for collapsing right

0:03:06.510,0:03:11.370
exactly and he you know he lived through

0:03:08.609,0:03:14.819
a few recessions too because this was a

0:03:11.370,0:03:15.930
big one and I think most people aren’t

0:03:14.819,0:03:18.359
familiar with the dates with the Great

0:03:15.930,0:03:23.310
Depression but the stock market crashed

0:03:18.359,0:03:25.530
in 1929 and it didn’t hit the bottom so

0:03:23.310,0:03:27.299
that’s the first crash is 1929 the

0:03:25.530,0:03:30.930
bottom that the stocks were gonna crash

0:03:27.299,0:03:33.359
to didn’t happen till 1933 so that’s

0:03:30.930,0:03:36.209
like four years of it just going down

0:03:33.359,0:03:39.480
like not not going up at all everything

0:03:36.209,0:03:41.699
just keeps going down um and then it

0:03:39.480,0:03:43.709
didn’t get recovered until about the mid

0:03:41.699,0:03:45.269
nineteen fifty so then the stock right

0:03:43.709,0:03:48.480
has never came back up to what they were

0:03:45.269,0:03:50.370
for like my gosh yeah like 20 years

0:03:48.480,0:03:55.169
almost 20 years um

0:03:50.370,0:03:59.549
over 20 years yeah over 20 years dude um

0:03:55.169,0:04:01.379
also another another thing I remember

0:03:59.549,0:04:02.370
about the Great Depression is one of the

0:04:01.379,0:04:05.090
American Girl dolls

0:04:02.370,0:04:08.040
kit kit whatever her name is she’s from

0:04:05.090,0:04:11.629
she’s the Great Depression doll really a

0:04:08.040,0:04:14.220
kid I’m gonna like kit was like the most

0:04:11.629,0:04:16.709
privileged it’s just American Girl doll

0:04:14.220,0:04:19.919
know cuz I watched the movie and like

0:04:16.709,0:04:21.269
she heard like dad like lost his job and

0:04:19.919,0:04:23.070
they’re like so poor and she just like

0:04:21.269,0:04:26.010
make money for the family or something I

0:04:23.070,0:04:28.979
had no idea literally okay American Girl

0:04:26.010,0:04:30.449
dolls I remember it like a childhood

0:04:28.979,0:04:32.010
friend through an American Girl doll

0:04:30.449,0:04:34.289
party and she was like the richest one

0:04:32.010,0:04:36.539
out of ice and her doll was kid like

0:04:34.289,0:04:37.380
that was her doll so I just assumed it

0:04:36.539,0:04:39.240
was

0:04:37.380,0:04:43.680
no chi was definitely the most basic

0:04:39.240,0:04:43.889
American Girl doll okay okay serves her

0:04:43.680,0:04:47.580
right

0:04:43.889,0:04:50.280
just kidding okay so we’re yes so like

0:04:47.580,0:04:52.320
my grandpa would you know store money

0:04:50.280,0:04:54.680
and his mattress he didn’t trust the

0:04:52.320,0:04:57.680
banks went through a lot of recessions

0:04:54.680,0:04:57.680
and

0:04:58.220,0:05:02.060
then oh yeah their victory guard Victory

0:05:00.620,0:05:03.110
Gardens I think that might be being

0:05:02.060,0:05:05.690
correct term because I think that’s

0:05:03.110,0:05:09.440
Gardens they started after the war which

0:05:05.690,0:05:11.180
could be it but um for their World War

0:05:09.440,0:05:14.060
one I think they had Victory Gardens but

0:05:11.180,0:05:15.590
my grandpa always grew his own food like

0:05:14.060,0:05:17.480
of course they like would go to stores

0:05:15.590,0:05:19.520
too but they always like gardening was

0:05:17.480,0:05:22.520
big and I still love gardening but that

0:05:19.520,0:05:25.670
was really really big and also to my on

0:05:22.520,0:05:27.440
my grandpa side we were like Midwest

0:05:25.670,0:05:29.390
farmers I think he worked in like the

0:05:27.440,0:05:30.830
industry for a little bit but this is

0:05:29.390,0:05:32.630
getting into like my family history

0:05:30.830,0:05:36.770
lesson it’s a Great Depression but I

0:05:32.630,0:05:39.440
mean it had an impact on people to this

0:05:36.770,0:05:43.490
day and so many of the older generations

0:05:39.440,0:05:45.860
like South I well now that’s like

0:05:43.490,0:05:48.580
starting to happen again like all the

0:05:45.860,0:05:50.480
seeds if you can’t buy seeds anywhere oh

0:05:48.580,0:05:52.820
yeah because they’re snatching them up

0:05:50.480,0:05:56.990
to go hurting me now and then they’re

0:05:52.820,0:06:00.290
also like buying chickens and like oh

0:05:56.990,0:06:03.500
it’s Apes coming first full circle yeah

0:06:00.290,0:06:05.650
I mean yeah I’ve been interesting I

0:06:03.500,0:06:10.550
think we’re in a really interesting

0:06:05.650,0:06:13.130
unprecedented time as they say yeah so I

0:06:10.550,0:06:14.930
just like to go into the Great

0:06:13.130,0:06:16.010
Depression I what would you say would be

0:06:14.930,0:06:18.890
like the start of the Great Depression

0:06:16.010,0:06:22.850
do you have an idea so it’s like after

0:06:18.890,0:06:25.040
the war World War one and like everyone

0:06:22.850,0:06:28.430
comes back in like the whole world is

0:06:25.040,0:06:29.690
like all shook up and like isn’t it like

0:06:28.430,0:06:33.910
the whole world economy it’s like

0:06:29.690,0:06:38.180
plummeting and then right no am I wrong

0:06:33.910,0:06:41.990
um so the thing is ok I’m just gonna get

0:06:38.180,0:06:44.450
right into it so there is a lot of

0:06:41.990,0:06:46.340
debate on from economist and historian

0:06:44.450,0:06:47.720
as to what the actual cause of the Great

0:06:46.340,0:06:49.130
Depression was I don’t think there was

0:06:47.720,0:06:51.530
one single cause there are actually

0:06:49.130,0:06:54.169
multiple things going on so just set the

0:06:51.530,0:06:56.780
stage we finish World War one America is

0:06:54.169,0:06:57.680
on the winning side so all the other

0:06:56.780,0:06:59.680
countries that are on the losing side

0:06:57.680,0:07:02.690
like Germany they’re suffering a lot

0:06:59.680,0:07:03.650
because they lost so now they’re getting

0:07:02.690,0:07:05.670
there I think they have like a lot of

0:07:03.650,0:07:08.700
fines and stuff don’t quote me on that

0:07:05.670,0:07:10.880
they’re getting punished a bit too hard

0:07:08.700,0:07:13.800
which we find out later in World War two

0:07:10.880,0:07:15.750
but since America won we’re doing well

0:07:13.800,0:07:17.000
and so we enter the period of the

0:07:15.750,0:07:22.290
Roaring Twenties

0:07:17.000,0:07:24.000
when Prohibition was going on but also

0:07:22.290,0:07:26.910
there are lots of technological

0:07:24.000,0:07:29.040
innovations during this time and the

0:07:26.910,0:07:30.990
emergence of credit happens so you could

0:07:29.040,0:07:33.240
buy things in installments and credits

0:07:30.990,0:07:39.120
so the concept of borrowing money

0:07:33.240,0:07:40.860
started to exist and with that also more

0:07:39.120,0:07:43.260
people started in getting into stocks

0:07:40.860,0:07:46.080
because you could now borrow this money

0:07:43.260,0:07:48.210
and put that in the stock market because

0:07:46.080,0:07:51.030
it kept going up so there’s no risk that

0:07:48.210,0:07:52.620
you couldn’t pay it off right so during

0:07:51.030,0:07:55.950
this time every like the economy’s

0:07:52.620,0:07:58.530
booming everyone’s like it’s great great

0:07:55.950,0:08:04.280
gatsby having a good time throwing some

0:07:58.530,0:08:04.280
parties so high school exactly yeah and

0:08:04.580,0:08:08.510
yeah meanwhile

0:08:10.090,0:08:14.140
some of the background stuff that was

0:08:12.070,0:08:16.950
happening though was that a lot of

0:08:14.140,0:08:21.190
companies weren’t being honest about

0:08:16.950,0:08:23.320
their like company evaluation right so

0:08:21.190,0:08:24.820
like those the stock prices that you’re

0:08:23.320,0:08:27.430
getting are showing that everything’s

0:08:24.820,0:08:29.050
going up but some companies are being

0:08:27.430,0:08:31.600
dishonest about stock prices too so you

0:08:29.050,0:08:32.710
couldn’t like expect that they were

0:08:31.600,0:08:34.810
gonna crash

0:08:32.710,0:08:39.630
lots of economy and this that I am

0:08:34.810,0:08:39.630
probably not explaining correctly but

0:08:39.690,0:08:43.630
yeah a lot of stuff was happening also

0:08:41.890,0:08:46.030
in addition to technological innovation

0:08:43.630,0:08:48.190
because we have basically two different

0:08:46.030,0:08:49.240
types of suffering everyone suffered but

0:08:48.190,0:08:51.130
there’s two different types of suffering

0:08:49.240,0:08:53.560
during the Great Depression there’s like

0:08:51.130,0:08:57.250
the city folk who experienced it one way

0:08:53.560,0:08:59.140
and then people in the Midwest or the

0:08:57.250,0:09:01.180
Great Plains in the country who also

0:08:59.140,0:09:04.660
experienced it a different way so in the

0:09:01.180,0:09:06.070
city a lot of the suffering was coming

0:09:04.660,0:09:10.560
from the fact that the stock market

0:09:06.070,0:09:10.560
crashed and the bank started to fail and

0:09:11.580,0:09:15.810
yeah there is no food to because you

0:09:13.500,0:09:18.510
can’t grow food in the city so then

0:09:15.810,0:09:20.910
there’s just so much and isn’t that like

0:09:18.510,0:09:23.519
a huge like homeless yeah a lot of

0:09:20.910,0:09:25.800
people because you let me see if I can

0:09:23.519,0:09:29.010
explain this very eloquently but yeah a

0:09:25.800,0:09:31.829
lot of people similar to lik what our

0:09:29.010,0:09:35.790
economy worried about today when the

0:09:31.829,0:09:38.880
banks failed okay so people go to the

0:09:35.790,0:09:41.760
beach and they take out like loans on

0:09:38.880,0:09:44.040
credit to go invest into the stock

0:09:41.760,0:09:47.459
market the stock market kept going up

0:09:44.040,0:09:49.649
and it was over evaluated so once

0:09:47.459,0:09:52.470
eventually it started to slow down and

0:09:49.649,0:09:54.600
then we had the like a crash it’s called

0:09:52.470,0:09:56.310
the black Tuesday crash and that was

0:09:54.600,0:09:59.730
just when it dropped like something like

0:09:56.310,0:10:03.360
23 points don’t call me on that and from

0:09:59.730,0:10:05.790
then the way economies work is like it

0:10:03.360,0:10:09.060
contracts when consumer spending slows

0:10:05.790,0:10:10.980
down so everyone whose money’s were in

0:10:09.060,0:10:12.870
like whose money is in the stock market

0:10:10.980,0:10:16.770
let’s say you bought a stock at like 100

0:10:12.870,0:10:18.810
and once it crashes it goes down to 50

0:10:16.770,0:10:20.550
so now you’re at a loss so then everyone

0:10:18.810,0:10:22.320
starts pulling their money out because

0:10:20.550,0:10:25.709
you took out let’s say you took out like

0:10:22.320,0:10:27.959
$100 on a loan to invest and now it’s

0:10:25.709,0:10:31.680
going down so you don’t even have enough

0:10:27.959,0:10:34.290
money to pay back like the principle of

0:10:31.680,0:10:36.029
what you borrowed is that also the same

0:10:34.290,0:10:39.600
thing that happened in like the 2008

0:10:36.029,0:10:42.540
financial like similarly similar I think

0:10:39.600,0:10:47.250
the 2008 financial crisis was with it

0:10:42.540,0:10:48.660
was like a crappy mortgage yeah they

0:10:47.250,0:10:50.760
were like agreeing to loan out to people

0:10:48.660,0:10:53.010
who weren’t like should not have been

0:10:50.760,0:10:57.510
given those loans that’s for another

0:10:53.010,0:10:58.680
episode but uh yeah so a stock market

0:10:57.510,0:11:00.510
crashes and then people start to panic

0:10:58.680,0:11:02.490
and pull their money out more and then

0:11:00.510,0:11:04.980
the market will crash more and that’s

0:11:02.490,0:11:06.779
what we’re seeing today with the stock

0:11:04.980,0:11:08.930
market continuing to crash on that

0:11:06.779,0:11:11.430
initial first crash because unemployment

0:11:08.930,0:11:11.970
like skyrocketed and businesses are

0:11:11.430,0:11:13.860
shutting down

0:11:11.970,0:11:15.540
people are not spending as much people

0:11:13.860,0:11:17.910
pull their money out of the stock market

0:11:15.540,0:11:20.250
so they can hold on to liquid cash and

0:11:17.910,0:11:22.770
not lose any value in that and then

0:11:20.250,0:11:25.260
because there’s less money in the market

0:11:22.770,0:11:26.850
prices go down even further

0:11:25.260,0:11:31.230
and more people panic and more people

0:11:26.850,0:11:33.540
pull money out so yeah it’s a bad it’s a

0:11:31.230,0:11:34.890
really bad cycle so because of that

0:11:33.540,0:11:37.310
people are losing these monies they

0:11:34.890,0:11:41.040
can’t their money unemployment

0:11:37.310,0:11:43.950
skyrockets because businesses are

0:11:41.040,0:11:45.660
starting to fail two banks start to

0:11:43.950,0:11:48.150
close down because they can’t even

0:11:45.660,0:11:50.730
they’ve loaned out all this money and no

0:11:48.150,0:11:53.360
one has the money like it’s not there

0:11:50.730,0:11:55.200
anymore like right like everyone has I

0:11:53.360,0:11:56.610
don’t even know where went it’s just

0:11:55.200,0:11:59.510
gone like everything got to be valued

0:11:56.610,0:11:59.510
and then

0:11:59.930,0:12:04.310
what else happened oh yeah and then you

0:12:01.940,0:12:06.290
do fall on your mortgage and get

0:12:04.310,0:12:08.210
foreclosed you lose your home so a lot

0:12:06.290,0:12:09.740
of people were straight up homeless

0:12:08.210,0:12:11.960
there’s emergence of things like

0:12:09.740,0:12:14.720
Hoovervilles which was named after

0:12:11.960,0:12:17.240
President Hoover at the time from Annie

0:12:14.720,0:12:18.260
that’s from Annie I saw okay then now

0:12:17.240,0:12:24.170
that definitely wasn’t a Great

0:12:18.260,0:12:28.670
Depression Herbert Hoover I think yeah

0:12:24.170,0:12:31.790
so that was going on and so that’s a

0:12:28.670,0:12:33.620
city situation the farm situation for

0:12:31.790,0:12:37.459
people in rural areas we’re going

0:12:33.620,0:12:39.589
through a kind of an epilogue ecological

0:12:37.459,0:12:42.020
turmoil because there was a drought that

0:12:39.589,0:12:44.120
had already been starting in the 20s the

0:12:42.020,0:12:45.620
during the Roaring Twenties

0:12:44.120,0:12:49.220
just hadn’t rained a lot in the Great

0:12:45.620,0:12:52.279
Plains area also at the end of the civil

0:12:49.220,0:12:54.470
war there was a lot of initiative for

0:12:52.279,0:12:58.070
people to move out west because they

0:12:54.470,0:12:59.930
were promised plots of land which I

0:12:58.070,0:13:01.790
don’t know if you can do that anyways

0:12:59.930,0:13:04.250
but they did it and so people are moving

0:13:01.790,0:13:06.260
West into like this unknown territory

0:13:04.250,0:13:08.839
and they’re trying to farm like regular

0:13:06.260,0:13:10.760
and in they usually didn’t really

0:13:08.839,0:13:12.260
understand the environment of the Great

0:13:10.760,0:13:13.820
Plains when they moved out and they’re

0:13:12.260,0:13:16.459
trying to farm like they would have

0:13:13.820,0:13:20.779
closer to like the East Coast and like

0:13:16.459,0:13:22.220
maybe Ohio Midwest area and with prairie

0:13:20.779,0:13:24.080
grass people don’t realize that like

0:13:22.220,0:13:28.670
prairie grass roots are actually like 5

0:13:24.080,0:13:30.709
to 15 feet long and they hold in yeah so

0:13:28.670,0:13:33.350
all of that soil was actually like the

0:13:30.709,0:13:35.570
topsoil was very like dusty and fine and

0:13:33.350,0:13:39.200
so when you pull out that prairie grass

0:13:35.570,0:13:42.170
all of the topsoil is like softer yeah

0:13:39.200,0:13:43.310
and I they just really didn’t understand

0:13:42.170,0:13:46.430
how to farm with that type of

0:13:43.310,0:13:49.459
environment so because of all of that in

0:13:46.430,0:13:52.430
addition to innovations and technology

0:13:49.459,0:13:55.220
which made farming easier so there was

0:13:52.430,0:13:56.959
an overproduction in crops then the

0:13:55.220,0:13:58.550
price of road is there so much would

0:13:56.959,0:14:01.100
happen the price of produce that are to

0:13:58.550,0:14:02.779
fall so now farmers aren’t able to even

0:14:01.100,0:14:05.990
make a profit because there’s an

0:14:02.779,0:14:10.040
overproduction in agriculture Wow

0:14:05.990,0:14:11.570
so yeah you keep sorry so it’s not like

0:14:10.040,0:14:13.540
a famine like they didn’t run out of

0:14:11.570,0:14:15.310
food so you have too much

0:14:13.540,0:14:17.770
well it gets to that because they had

0:14:15.310,0:14:20.860
too much food stock prices or not stock

0:14:17.770,0:14:23.140
prices agriculture prices fall down like

0:14:20.860,0:14:26.770
for your produce and then because of

0:14:23.140,0:14:29.470
that lack of income from like a surplus

0:14:26.770,0:14:31.690
they try to plant more and they dig up

0:14:29.470,0:14:34.210
more of the topsoil and then they

0:14:31.690,0:14:35.710
basically destroy this like farming

0:14:34.210,0:14:39.700
ground I don’t think they knew what crop

0:14:35.710,0:14:42.370
rotation was and that’s how you get all

0:14:39.700,0:14:44.980
of this like loose dirt and eventually

0:14:42.370,0:14:46.780
there was what they call the Dust Bowl

0:14:44.980,0:14:48.730
which is just like really really big

0:14:46.780,0:14:50.730
winds that picked up all this dirt

0:14:48.730,0:14:52.990
there’s something like 10,000 feet high

0:14:50.730,0:14:54.520
like you couldn’t see in front of your

0:14:52.990,0:14:57.040
face just because the dust was so thick

0:14:54.520,0:14:59.710
people had to wear ropes to like walk

0:14:57.040,0:15:03.520
outside could look and see they would

0:14:59.710,0:15:07.240
get lost oh my god what are you like

0:15:03.520,0:15:12.580
what if you have to like farm also like

0:15:07.240,0:15:14.410
I can’t exactly right right and for the

0:15:12.580,0:15:16.870
apocalypse up and then also the economy

0:15:14.410,0:15:18.580
is catching like I would literally think

0:15:16.870,0:15:20.850
the world was coming to an end yeah

0:15:18.580,0:15:22.900
basically people are getting hit

0:15:20.850,0:15:26.430
differently in different parts of the

0:15:22.900,0:15:30.010
area and you’re right that the New Deal

0:15:26.430,0:15:31.150
was a part of the solution but something

0:15:30.010,0:15:33.940
that people also don’t realize is like

0:15:31.150,0:15:37.200
the world war two actually is what a lot

0:15:33.940,0:15:40.060
of economists agree is the proper end to

0:15:37.200,0:15:42.400
the Great Depression which is kind of

0:15:40.060,0:15:44.230
unfortunate that like this we needed

0:15:42.400,0:15:46.300
another war to kind of pull us out of

0:15:44.230,0:15:50.380
that but World War two actually provided

0:15:46.300,0:15:52.150
a lot of jobs for unemployed men and

0:15:50.380,0:15:53.860
that helped stimulate our economy but

0:15:52.150,0:15:59.560
the New Deal did do a lot of good stuff

0:15:53.860,0:16:00.850
as well yeah so what do you do like what

0:15:59.560,0:16:01.660
do you think was the best thing to come

0:16:00.850,0:16:06.300
out of the New Deal

0:16:01.660,0:16:09.310
do you remember wasn’t it like all these

0:16:06.300,0:16:11.540
infrastructure projects like across the

0:16:09.310,0:16:13.699
u.s.

0:16:11.540,0:16:15.560
and then because like all these new

0:16:13.699,0:16:16.850
projects were being started basically

0:16:15.560,0:16:19.040
like there are all these jobs that were

0:16:16.850,0:16:22.759
being created it was all just about like

0:16:19.040,0:16:24.769
trying to create jobs right yeah yeah

0:16:22.759,0:16:27.589
yeah well they had like a lot more

0:16:24.769,0:16:30.230
protections that came up I think I’m not

0:16:27.589,0:16:34.339
a huge fan of Franklin Delano but I do

0:16:30.230,0:16:41.449
think that yeah Japanese exclusion act

0:16:34.339,0:16:43.370
doesn’t sit well with me yeah but he did

0:16:41.449,0:16:46.430
do a really really good job and also too

0:16:43.370,0:16:49.339
I want to look into who like his

0:16:46.430,0:16:54.620
economic team was because these a lot of

0:16:49.339,0:16:56.209
the new changes in the laws that help

0:16:54.620,0:16:59.000
stimulate the economy are really

0:16:56.209,0:17:00.500
brilliant and I am intrigued as to why

0:16:59.000,0:17:01.810
they didn’t think about like

0:17:00.500,0:17:07.669
implementing things like this before

0:17:01.810,0:17:09.110
yeah but on the bright side a lot of

0:17:07.669,0:17:10.850
really good things that we have today

0:17:09.110,0:17:12.679
came out of the Great Depression so even

0:17:10.850,0:17:17.419
though the Great Depression was like

0:17:12.679,0:17:19.130
hell on earth I think that good things

0:17:17.419,0:17:20.900
come out of it and I hope that with our

0:17:19.130,0:17:23.449
current situation good things also

0:17:20.900,0:17:25.130
continue to come out of this such as

0:17:23.449,0:17:28.760
maybe like health care reform and all

0:17:25.130,0:17:30.400
the problems that were uncovering but to

0:17:28.760,0:17:35.840
go into a little more detail about

0:17:30.400,0:17:38.120
Franklin dough knows like new deals he

0:17:35.840,0:17:39.650
had two new deals so the first one it’s

0:17:38.120,0:17:44.000
called like his hundred days

0:17:39.650,0:17:45.290
yeah the first hundred days yeah yeah so

0:17:44.000,0:17:48.020
that’s when that was like the premise of

0:17:45.290,0:17:50.570
how he got elected and when which was in

0:17:48.020,0:17:54.169
1933 he beat Herbert Hoover whom

0:17:50.570,0:17:56.419
everyone hated and then yeah so when

0:17:54.169,0:17:57.830
Franklin Delano came and Franklin

0:17:56.419,0:18:03.200
Roosevelt I’m gonna walk home Franklin

0:17:57.830,0:18:05.450
Delano yeah FDR that’s a better one okay

0:18:03.200,0:18:07.820
so F here comes in and within those

0:18:05.450,0:18:09.860
first hundred days he basically passes

0:18:07.820,0:18:13.179
all these executive orders and gets

0:18:09.860,0:18:16.100
these laws passed to Congress to

0:18:13.179,0:18:18.350
stimulate the economy really quickly one

0:18:16.100,0:18:20.150
of which was the emergency Banking Act

0:18:18.350,0:18:24.110
which was really important as a banking

0:18:20.150,0:18:25.040
reform so when they reopen they have to

0:18:24.110,0:18:30.020
be monitored

0:18:25.040,0:18:32.210
I the federal Treasury which is a it’s

0:18:30.020,0:18:35.930
really good because I don’t know how

0:18:32.210,0:18:37.160
these banks were not getting monitored

0:18:35.930,0:18:40.310
by that because that was a problem they

0:18:37.160,0:18:44.260
were loaning out to people money that

0:18:40.310,0:18:46.490
like over loaning yeah and that’s why

0:18:44.260,0:18:49.310
that was kind of like over stimulation

0:18:46.490,0:18:51.260
of the economy so before the New Deal

0:18:49.310,0:18:55.010
there was like virtually like no

0:18:51.260,0:18:57.320
restrictions on banks or like it was

0:18:55.010,0:18:59.780
just maybe not I think very little

0:18:57.320,0:19:01.400
restrictions on banks and how they were

0:18:59.780,0:19:03.800
loaning out and they weren’t being

0:19:01.400,0:19:05.600
monitored so the way I’m understanding

0:19:03.800,0:19:08.630
it is that banks for being our

0:19:05.600,0:19:10.430
businesses but now they’re monitored by

0:19:08.630,0:19:15.110
governments as well because it’s like

0:19:10.430,0:19:16.490
wealth management but yeah thanks I

0:19:15.110,0:19:17.900
guess we’re kinda just like run by their

0:19:16.490,0:19:20.750
own rules there’s very little laws

0:19:17.900,0:19:24.980
winning what they couldn’t could not do

0:19:20.750,0:19:28.010
and then the next thing was the

0:19:24.980,0:19:31.040
Securities Act of 1933 which he passed

0:19:28.010,0:19:33.230
and so it was in order to help the

0:19:31.040,0:19:35.510
prevent the stock market like another

0:19:33.230,0:19:38.540
stock market crash so like I said

0:19:35.510,0:19:40.520
earlier um everyone thought that the

0:19:38.540,0:19:43.040
stocks were just gonna keep going up up

0:19:40.520,0:19:44.360
and up when really companies who were

0:19:43.040,0:19:47.720
being publicly traded weren’t being

0:19:44.360,0:19:50.510
honest with their like the figures and

0:19:47.720,0:19:53.660
so it was more of an illusion that

0:19:50.510,0:19:57.980
everything was doing really well so the

0:19:53.660,0:19:59.780
Securities Act of 1933 like required

0:19:57.980,0:20:02.840
that publicly traded companies had to

0:19:59.780,0:20:04.520
provide accurate information so this is

0:20:02.840,0:20:09.860
an example of how the government started

0:20:04.520,0:20:11.300
to get more involved in businesses which

0:20:09.860,0:20:13.700
I’m someone I know that way people have

0:20:11.300,0:20:15.140
like even today right like you have

0:20:13.700,0:20:17.030
these big corporations like Amazon

0:20:15.140,0:20:22.190
Google and a lot of them are against

0:20:17.030,0:20:23.990
government involvement for reasons of I

0:20:22.190,0:20:27.560
don’t know if it’s like Red Scare like

0:20:23.990,0:20:29.390
communist scares or whatever but you do

0:20:27.560,0:20:31.100
I think that you do need some government

0:20:29.390,0:20:32.750
involvement and that’s how we see like

0:20:31.100,0:20:34.430
the biggest churn of the Great

0:20:32.750,0:20:36.500
Depression of my eyes was that the

0:20:34.430,0:20:38.740
government got more involved with

0:20:36.500,0:20:41.559
protecting the people

0:20:38.740,0:20:45.720
and yeah and monitoring businesses like

0:20:41.559,0:20:48.970
that so and then you were right about

0:20:45.720,0:20:50.200
the Public Works Administration the

0:20:48.970,0:20:51.640
civil Conservation Corps it’s

0:20:50.200,0:20:55.150
agriculture just in administrations

0:20:51.640,0:20:59.920
these are all initiatives that FDR

0:20:55.150,0:21:03.400
passed to help stimulate jobs for people

0:20:59.920,0:21:05.470
and so with that like the civil Civilian

0:21:03.400,0:21:07.030
Conservation Corp did a lot of good work

0:21:05.470,0:21:09.070
with like planting trees and

0:21:07.030,0:21:12.340
environmental conservation which helped

0:21:09.070,0:21:15.100
with the Dust Bowl so that was an

0:21:12.340,0:21:17.980
increase in like our care for the

0:21:15.100,0:21:20.620
environment and just like developing

0:21:17.980,0:21:22.390
rural parts of America they’re all these

0:21:20.620,0:21:25.000
jobs to build roads and bridges and

0:21:22.390,0:21:28.120
schools and hospitals so and even dams

0:21:25.000,0:21:33.460
which helped with like small generations

0:21:28.120,0:21:35.170
of energy for places like Tennessee and

0:21:33.460,0:21:36.280
then this one because you know I’m in

0:21:35.170,0:21:39.220
the middle of like shopping for houses

0:21:36.280,0:21:41.170
there’s a administration it’s called the

0:21:39.220,0:21:43.330
Federal Housing Administration and the

0:21:41.170,0:21:45.160
homeowners Loan Corporation so that

0:21:43.330,0:21:47.800
helps people refinance their mortgages

0:21:45.160,0:21:50.470
and keep their homes and today the FHA

0:21:47.800,0:21:52.690
still exists for low-income people we

0:21:50.470,0:21:55.170
want to take out loans so they offer you

0:21:52.690,0:21:57.940
like lower down payments on houses and

0:21:55.170,0:22:00.720
it like gives more people an opportunity

0:21:57.940,0:22:03.190
to actually like have a mortgage

0:22:00.720,0:22:06.090
yeah and that’s still exists today so

0:22:03.190,0:22:06.090
that came out of the Great Depression

0:22:06.210,0:22:10.990
mm-hmm and also to like Federal

0:22:08.980,0:22:13.090
Emergency Relief Administration came out

0:22:10.990,0:22:15.100
of it and that would just provide help

0:22:13.090,0:22:17.650
for like the unemployed and education on

0:22:15.100,0:22:21.040
how to get jobs soup kitchens came out

0:22:17.650,0:22:24.850
to that like blankets for donation all

0:22:21.040,0:22:27.460
these things like more social policies

0:22:24.850,0:22:28.929
of like helping the poor came out of the

0:22:27.460,0:22:31.690
Great Depression because people are

0:22:28.929,0:22:32.980
suffering so badly oh yeah yeah yeah

0:22:31.690,0:22:35.640
like we’re there I don’t know if you

0:22:32.980,0:22:38.320
know like like what am I like a

0:22:35.640,0:22:39.429
Salvation Army like all these like

0:22:38.320,0:22:41.140
charities although I don’t know if

0:22:39.429,0:22:43.960
though it’s like necessarily originated

0:22:41.140,0:22:48.990
in the US but yeah I don’t know I don’t

0:22:43.960,0:22:51.879
know if they let’s check it out but yeah

0:22:48.990,0:22:53.589
yeah I feel like like in my head like

0:22:51.879,0:22:55.179
like my impression is that like kinda

0:22:53.589,0:22:56.709
before this like everyone is kind of

0:22:55.179,0:22:58.419
like every man for themselves and then

0:22:56.709,0:22:59.709
like after the Great Depression or like

0:22:58.419,0:23:01.179
during the Great Depression and it was

0:22:59.709,0:23:04.329
kind of like oh we need to like help our

0:23:01.179,0:23:09.999
fellow Americans and like focus more on

0:23:04.329,0:23:12.129
that agreed yeah I think that it

0:23:09.999,0:23:14.529
definitely which like not to get into

0:23:12.129,0:23:17.319
like capitalism versus communism but I

0:23:14.529,0:23:19.179
do think that the Great Depression when

0:23:17.319,0:23:23.379
like the country is suffering you have

0:23:19.179,0:23:25.359
to change the way that government is

0:23:23.379,0:23:28.259
involved and you have to take care of

0:23:25.359,0:23:32.109
the people because everyone’s suffering

0:23:28.259,0:23:33.809
when you let like the majority of people

0:23:32.109,0:23:41.229
stay unemployed you know what I mean

0:23:33.809,0:23:45.159
yeah so yeah lots of good things came

0:23:41.229,0:23:49.649
out yeah hopefully good things will come

0:23:45.159,0:23:49.649
out of what’s going on right now and

0:23:50.009,0:23:54.639
yeah oh and then it’s part of the second

0:23:52.899,0:23:56.229
new deal so he had to we had like

0:23:54.639,0:23:57.639
one-year deal in the second new deal

0:23:56.229,0:23:59.859
the first new deal and the second new

0:23:57.639,0:24:01.929
deal and the first new deal actually

0:23:59.859,0:24:04.509
it’s kind of unfortunate but his new

0:24:01.929,0:24:06.699
deals didn’t really do a lot to help

0:24:04.509,0:24:08.619
would be kind like I obviously in

0:24:06.699,0:24:10.719
hindsight they did a lot with moving us

0:24:08.619,0:24:12.999
forward as a developed nation but as far

0:24:10.719,0:24:16.029
as getting people out of poverty not a

0:24:12.999,0:24:18.369
lot happy with that which is why he had

0:24:16.029,0:24:21.039
to pass a second new deal and that was

0:24:18.369,0:24:23.440
where we had social security and that

0:24:21.039,0:24:26.609
would help like assist the elderly and

0:24:23.440,0:24:26.609
like orphans

0:24:28.469,0:24:34.599
Wow so social security wasn’t

0:24:31.869,0:24:36.069
established until the New Deal I didn’t

0:24:34.599,0:24:38.169
realize that yeah the second year deal

0:24:36.069,0:24:41.679
not even the first new deal what looks

0:24:38.169,0:24:44.109
like the time period in between so the

0:24:41.679,0:24:47.339
first New Deal was launched in 1933 and

0:24:44.109,0:24:50.020
then the second New Deal was launched in

0:24:47.339,0:24:51.910
1935

0:24:50.020,0:24:55.030
and then a lot of the second New Deal

0:24:51.910,0:25:01.090
handled more with like the fair labor

0:24:55.030,0:25:02.620
acts FDIC like Federal Deposit I say

0:25:01.090,0:25:04.270
there’s a lot of terms in here and I

0:25:02.620,0:25:06.880
wish I could explain it why I feel like

0:25:04.270,0:25:08.980
Great Depression is such a big topic no

0:25:06.880,0:25:12.580
it’s a pretty complex subject also like

0:25:08.980,0:25:15.880
at this time is there so is there any

0:25:12.580,0:25:17.470
laws in place for like child labor or

0:25:15.880,0:25:18.280
like insuring like safety in the

0:25:17.470,0:25:20.550
workplace

0:25:18.280,0:25:24.010
anything on the sort I don’t know yeah

0:25:20.550,0:25:26.470
well so I mean like in this time like

0:25:24.010,0:25:30.160
today of course there’s a child labor

0:25:26.470,0:25:33.100
lies well yeah yeah but they did start

0:25:30.160,0:25:35.770
like in 1938 so that was the Fair Labor

0:25:33.100,0:25:37.720
Standards Act and then that limited

0:25:35.770,0:25:39.850
workers to like a maximum workweek

0:25:37.720,0:25:41.840
created a minimum wage and hour law

0:25:39.850,0:25:44.779
child labor

0:25:41.840,0:25:47.270
Wow oh and then even you know not a

0:25:44.779,0:25:49.970
United States Housing Authority in 1937

0:25:47.270,0:25:52.070
tore down slums built new better housing

0:25:49.970,0:25:56.799
for the homeless a lot of socialists I

0:25:52.070,0:25:58.970
think FDR was a socialist with me let me

0:25:56.799,0:26:01.909
policies feel like it but a lot of

0:25:58.970,0:26:05.659
socialists like reform kind of came out

0:26:01.909,0:26:10.840
of this I feel like me oh yeah what

0:26:05.659,0:26:13.669
after you maybe yeah they it says I

0:26:10.840,0:26:15.080
think it’s debated I don’t think he like

0:26:13.669,0:26:16.730
claimed him I don’t think it was a

0:26:15.080,0:26:18.590
self-proclaimed socialist but I think

0:26:16.730,0:26:22.370
they’re saying that a lot of his

0:26:18.590,0:26:28.520
policies were like more progressive and

0:26:22.370,0:26:33.770
yeah interesting but yeah that’s kind of

0:26:28.520,0:26:36.740
like overarching what good came out of

0:26:33.770,0:26:39.110
it yeah that’s like yes I think it’s

0:26:36.740,0:26:40.940
good to learn about the good stuff that

0:26:39.110,0:26:42.679
comes out about it cuz whenever I think

0:26:40.940,0:26:44.720
about the Great Depression like whenever

0:26:42.679,0:26:46.159
we learned about it in class I feel like

0:26:44.720,0:26:48.320
we just watch documentaries about like

0:26:46.159,0:26:49.429
all the suffering and and then it’s like

0:26:48.320,0:26:51.200
they’re they’re like all here’s a new

0:26:49.429,0:26:53.270
deal but like I feel like I didn’t

0:26:51.200,0:26:56.659
really look into the specific policies

0:26:53.270,0:26:59.090
and I don’t know it’s I think it’s

0:26:56.659,0:27:00.799
encouraging to see like how much we

0:26:59.090,0:27:03.770
learn from our mistakes and how we were

0:27:00.799,0:27:06.260
able to like quickly implement like all

0:27:03.770,0:27:08.779
these new laws and regulations to help

0:27:06.260,0:27:11.480
prevent something like this from

0:27:08.779,0:27:13.279
happening again so you know even though

0:27:11.480,0:27:17.390
right now we’re entering a recession

0:27:13.279,0:27:19.250
like I don’t know hopefully we’ll be

0:27:17.390,0:27:20.779
able to implement like change quickly

0:27:19.250,0:27:22.309
and likely at least like it’s

0:27:20.779,0:27:26.690
encouraging to see like how we learn

0:27:22.309,0:27:29.240
from our mistakes before I agree and

0:27:26.690,0:27:33.409
it’s like unfortunate but really hard

0:27:29.240,0:27:34.820
times do promote change faster right

0:27:33.409,0:27:37.130
like we’ve been having issues with the

0:27:34.820,0:27:38.990
environment for a while we’ve been

0:27:37.130,0:27:43.399
having issues with like our health care

0:27:38.990,0:27:45.140
system for lord knows how long yeah yeah

0:27:43.399,0:27:48.169
now it’s like forcing it forces everyone

0:27:45.140,0:27:50.419
to like face the realities and like sit

0:27:48.169,0:27:53.450
down and all have a discussion and yeah

0:27:50.419,0:27:55.740
definitely and then there’s one more

0:27:53.450,0:27:57.690
thing Oh universal basic income

0:27:55.740,0:28:02.730
that’s been like a debated topic have

0:27:57.690,0:28:03.510
you heard of that um not really okay

0:28:02.730,0:28:07.159
yeah that’s fine

0:28:03.510,0:28:09.840
so Andrew yang who was one of the

0:28:07.159,0:28:12.539
candidates for the Democratic nomination

0:28:09.840,0:28:16.140
was that was like his whole premise was

0:28:12.539,0:28:17.580
a universal basic income so basically

0:28:16.140,0:28:20.789
it’s just that the government will

0:28:17.580,0:28:23.190
provide and like X amount of money to

0:28:20.789,0:28:26.610
every single person within the country

0:28:23.190,0:28:28.409
and so the theory of that and like Mark

0:28:26.610,0:28:29.940
Zuckerberg supports this as well the

0:28:28.409,0:28:32.880
theory of that is that it will allow

0:28:29.940,0:28:35.010
people to be more creative and take on

0:28:32.880,0:28:37.710
different pursuits because they have

0:28:35.010,0:28:39.840
their basic needs met with basic

0:28:37.710,0:28:43.080
Universal income and so with the

0:28:39.840,0:28:44.669
stimulus check that got passed and

0:28:43.080,0:28:47.700
everyone’s getting like their $1200

0:28:44.669,0:28:49.200
checks that’s supposed to be like it’s

0:28:47.700,0:28:50.610
like it’s kind of like a test of like a

0:28:49.200,0:28:53.669
universal basic income it’s like the

0:28:50.610,0:28:55.860
government providing us with our basic

0:28:53.669,0:28:58.049
needs and when those are met then you

0:28:55.860,0:28:59.730
allow people to be more creative and

0:28:58.049,0:29:01.950
innovative and possibly start more

0:28:59.730,0:29:03.390
entrepreneurial things which opens up

0:29:01.950,0:29:06.179
the doors for more jobs and innovation

0:29:03.390,0:29:10.380
for the country so that’s like the

0:29:06.179,0:29:10.950
theory behind it Wow yeah it’s really

0:29:10.380,0:29:13.289
interesting

0:29:10.950,0:29:17.460
yeah and that could be how things change

0:29:13.289,0:29:19.529
too with this situation also health

0:29:17.460,0:29:21.510
standard I think New York finally shut

0:29:19.529,0:29:25.169
down to like clean their subways

0:29:21.510,0:29:27.029
overnight yeah well now did that take so

0:29:25.169,0:29:30.059
long like the health standards are so

0:29:27.029,0:29:31.529
low that’s okay that’s like one of the

0:29:30.059,0:29:35.309
things I’ve been learning about like

0:29:31.529,0:29:37.140
even like washing my hands like I I was

0:29:35.309,0:29:39.000
like wow I I mean I wash my hands

0:29:37.140,0:29:41.010
frequently before this but now I’m like

0:29:39.000,0:29:43.230
I wasn’t seeing you like happy birthday

0:29:41.010,0:29:46.919
like every washing my hands and then

0:29:43.230,0:29:49.679
yeah you think about like bleh I guess

0:29:46.919,0:29:52.110
like restaurants and like oh like food

0:29:49.679,0:29:53.940
services and yeah public transportation

0:29:52.110,0:29:55.970
and now I’m just like anytime I step

0:29:53.940,0:29:58.350
outside I’m just like hyper aware of how

0:29:55.970,0:30:00.450
Jeremy everything is and so it’s like

0:29:58.350,0:30:04.049
maybe you reflect and be like how how

0:30:00.450,0:30:06.179
did we service like before yeah no I

0:30:04.049,0:30:08.429
agree I feel like I wasn’t watching my

0:30:06.179,0:30:09.510
hands properly like I didn’t know how to

0:30:08.429,0:30:12.570
wash my hands

0:30:09.510,0:30:14.340
something I’d like yeah one like all

0:30:12.570,0:30:15.690
these videos like surface but like how

0:30:14.340,0:30:17.040
to properly wash your hands I’m like oh

0:30:15.690,0:30:18.240
my gosh how do people not know how to

0:30:17.040,0:30:21.330
wash your hands and then you’re like oh

0:30:18.240,0:30:23.730
I definitely like I’m not I was not

0:30:21.330,0:30:26.580
watching you for as long as I am now all

0:30:23.730,0:30:29.910
right I’ll just like weird like basic

0:30:26.580,0:30:32.010
hygiene and my hygiene will increase and

0:30:29.910,0:30:35.340
like also just like the way we work to

0:30:32.010,0:30:37.260
like work from home yeah there’s so many

0:30:35.340,0:30:39.420
jobs that you can do from home and real

0:30:37.260,0:30:39.930
estate is so expensive that’s right

0:30:39.420,0:30:42.480
everyone

0:30:39.930,0:30:43.710
yeah I’ve been talking to a lot of

0:30:42.480,0:30:47.430
people about that too about just how

0:30:43.710,0:30:49.170
like the whole office situation will

0:30:47.430,0:30:51.570
like change in the whole workplace will

0:30:49.170,0:30:53.130
change because like you don’t like there

0:30:51.570,0:30:55.650
are so many jobs or you don’t need to be

0:30:53.130,0:30:57.090
in a physical office and like you could

0:30:55.650,0:30:59.820
be working from home and then yet you’re

0:30:57.090,0:31:02.750
saving so much I’m real estate and yeah

0:30:59.820,0:31:05.820
yeah lowers commuting costs as well

0:31:02.750,0:31:09.720
we’re entering a new era know it’ll be

0:31:05.820,0:31:11.430
really interesting to see and optimistic

0:31:09.720,0:31:14.780
felt like a lot of good things will come

0:31:11.430,0:31:14.780
out of it yeah