China (PRC) Under Mao Zedong and the Communist Party (CPC): Great Leap Forward + Cultural Revolution This video covers the economics behind China (or, to be more precise, the People's Republic of China or PRC) under the rule of Mao Zedong and the Communist Party of China (CPC). On the one hand, China was coming after a humiliating period of concessions on all front and Mao Zedong wanted it to regain its dignity. On the other hand, disastrous policies such as the Great Leap Forward (which resulted in the famine with the most deaths in history) and the Cultural Revolution made things complicated. Toward the end of his life, Mao Zedong did certain things differently (for example, steps toward the US in light of his concerns with respect to the USSR) and after his death, the People's Republic of China and the Chinese Communist Party had to make a choice: on the one hand, ideologically-driven nationalism, something promoted by the faction which among others was led by Mao Zedong's wife and on the other hand, a more pragmatic approach. A difficult choice for the People's Republic of China for sure, one which led to the Chinese story as we know it today, but more on that in the final video of my mini-series on China. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561