Great Depression Dbq

Imagine this. You wake up one morning in the year 1929, in your luxurious, pricey mansion. You then make your way downstairs to eat that nice big breakfast. Then you kiss your family good bye and head off to your fancy job. You come home that evening and suddenly you’re flat broke. Meaning all your money and life’s savings vanished. Unreal right? Well it was real for hundreds of families on October 29, 1929. The day the stock market crashed and when America’s confidence was challenged greatly.

There are many things that factor in as causing The Great Depression. I believe the biggest factors to be money and confidence. Even though by year end of 1930 the stock market had recouped some of the money lost in the previous years’ loss with the devastating Black Tuesday. The US and the rest of the world would continue to feel the devastating effects of banks failing, high unemployment rates, reduced trade and purchasing of over produced goods, and a negative impact to agricultural. This would not only put a dent in the people’s confidence with the stock market and banks but also government would need to step up in a big way to get things somewhat back on track.

The America in the 1930s was drastically different from the luxurious 1920s. The stock market had crashed to an all time low, unemployment was the highest the country had ever seen, and all American citizens were affected by it in some way or another. Franklin Delano Roosevelt’s New Deal was effective in addressing the issues of The Great Depression in the sense that it provided immediate relief to US citizens by lowering unemployment, increasing trust in the banks, getting Americans out of debt, and preventing future economic crisis from taking place through reform. Despite these efforts The New Deal failed to end the depression. In order for America to get out of this economic

The Great Depression was a period of economic turmoil in the United States that lasted from 1929 until the end of World War II. The Great Depression reflected the economic crisis of the Stock Market’s sudden crash despite America’s economic steadiness for nearly a decade during the Roaring Twenties. Two long term causes of the Great Depression were the poor management and infrastructure of the banks and the overall production of agriculture. Farms prior to the Great Depression over produced during World War I in order to feed European nations, armies, and that overall process costed money. Corn and wheat were popular at the time for mass production which led to an increase of farmers taking out loans in order to expand the land. As more crops

Historians argue what caused the Great Depression, some say it was due to the stock market, others say it may be the war debt or overproduction. To believe the Great Depression was caused by only one event is naive. It was caused by a multitude of problems that the government failed to fix.

The Great Crash also known as Stock market crash of 1929, happened in 1929 which was one of the biggest and important history of America. During this time in late October the stock market of the country crashed which lead to the beginning of great depression, and it has lasted for 10 years. Many countries got affected due to the great crash, especially all Western industrialized countries. “Black Tuesday (October 29), in which stock prices collapsed completely and 16,410,030 shares were traded on the New York Stock Exchange in a single day.” (“Stock”). After the crash, the country had tried to cope up from the loss, but it still continued to drop. “By 1932 stocks were worth only about 20 percent of their value in the summer of 1929. (“Stock”). Due to this depression, nearly half of the banks failed, businessman faced bankrupts and people have lost their

The Great Depression 1929-1942 was the economic downturn. On October 29, 1929 the stock market crashed wiping out millions out of work. The economic slowed down and then it shrinked in size. It then progressed to a recession and then to a panic. This progressed over the years and a series of bad decisions to slow down the economy into depression. Which then led to WWII.

“At one point in the Depression, the cupboard was literally bearing of money.” What effect did the Great Depression have on the people who lived through it? The jobs they had, how they had to use their money, and the help they had to get.

President Hoover believed that the primary cause of the Great Depression was World War One because of debts and reparations it created. Under the Versailles Treaty, Germany was liable to pay $33 million in reparations to France and Britain. To pay the money, Germany had to borrow money from American banks. Similarly, France and Britain also owed America $10 million, some of which they paid back with German reparations. Then, credit in America dried up and the economies of France and Britain also failed.

In America, the years 1929 through 1941 were not necessarily the brightest years the country has seen, but certainly should not be forgotten, and here’s why: during the Great Depression, one may say the true colors of the nation, showed through. As people lost money and unemployment rates skyrocketed (seen in document 1), companies were picky as who to hire, usually hiring the average white male over any other minority (women included). On the other hand, however, many people came together as a community and helped restore America to its former glory.

You may think of the job that you have now and think that it's great and you love it; but just think of how people thought back during the Great Depression . They had not a single job because their economy was so low. Many people were standing on the side of the road with a sign saying “ Need a job “ or there children would have signs saying “ Why won't you give my dad a job.”

In 1929 the Stock Market crashed was said to have “ushered in” the Great Depression. After Wall Street and the Stock Market crash of 1929, the banks began to fail. By 1933 over half of the banks in the United States had failed and went out of business. The economy came to a full stop as businesses could no longer access credit lines to purchase inventory, checks were no longer accepted as currency due to the multitude of failing financial institutions which led to an unemployment rate reported to be as much as 30 percent of the available workforce. (“First measured century: Timeline,” n.d.)

America has been through many depressions. But it took an amazing president to solve the problem. Franklin D. Roosevelt has did many things for America. He brought us out of the Great Depression and his policies has helped us all.

A devastating event such as the Great Depression occured in the 1930’s. In the month of May the stock maret had a change. Bankholders lost more than 30 billion dollars, although bankers began to regain the losses it wasnt enough. Bank failures began taking place in the 1930’s, due to uncertain banks, many people began to loose their savings. Because of the stock market crash many people from all classes stopped purchasing items. This led to a reduction in item production and a decrease in the workforce. Due to bussiness failings, the government created a tariff that protected companies in which created a high taxe charging in imports causing the decrease of trade with foreign countries. The result of the great depression were immense across

The Great Depression of the 1930s was caused by a sequence of events that all began with the stock market crash of 1929. The crash consisted of a rapidly declining stock market in the fall and a multitude of crashes in the month of October. All of this devastated the economy and resulted in bank failures, reduction in consumption and buying of goods, and an extremely high unemployment rate. Most banks closed but those that survived were: “unsure of the economic situation and concerned for their own survival, [banks] became unwilling to lend money” (Kelly). This meant that banks no longer trusted that their loans would be paid back and feared closing down so they became very frugal.