Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids

Comments

1. JUST THE VIDEO I NEEDED FOR MY INTERNATIONAL TRADE MANAGEMENT CLASS!!! EXCELLENT, LOVED IT
2. can you pls speak slowly ?
3. 2.32 - I don't wanna be working under that 2nd chimney
4. import more valuables like beautiful natural girls for us boys.
5. Good explanation. New subscriber ;D
6. I'm trying to learn economics and all that, but that dudes belt really bothers me.
7. your videos are great....
8. "It is unlikely that wealthy nations will return to strict protectionist policies" RIP Ameria 2k17
9. How many AC/DC belts does one man have?
10. how goods that spin he does into the credits!?!? Super interesting topic also!
11. I'm taking a Economics of the EU class and this helps me with some questions I have been having. Thanks Crash Course.
12. Is that Karl Marx behind her at 5:13?
13. @CrashCourse
    Hi,
    Could you please do a video on link between GDP growth and increase in foreign reserves?
    Or if you don't mind can you explain it here?
    Your videos are great.Thanks a lot
    Regards
14. Has Trump seen this?
15. This should get me A on my test
16. you want jobs in usa. tax imports.
17. the most whitest guy I have ever seen !
18. I am so confused! i came here for current account surplus and got nowhere
19. But what I found really strange in the argument that says the price becomes cheaper to buy for the consumer when there is global trade. However, there is one oversight that is clearly visible.
    
    If those people who lost their manufacturing jobs like what is happening in US, they won't even have any money to spend to buy those cheaper products from cheaper labor to begin with.
20. unlikely we return to protectionist economies with high tariffs, remembers current president someone should have knocked on wood