Great Depression Dbq

Although the 1920’s were booming and prosperous, the United States soon entered a prolonged economic depression. In October of 1929, prices in the stock market began an uneven downward slide (Document 2). As investors decided that the previous boom in the stock market was over, they sold more stock, thus causing the declination to increase even further. Many citizens of the United States were greatly affected by this. Families who had invested in stock lost most, if not all, or their life savings.

The great depression in the US, which began in 1929, and ended in 1938 was caused by many different things all happening at the same time in the economy. The wall street crash in October 1929 was one of the main causes, when the stock markets crashed. This was caused by many things, but the main reason for it was a deflation (which is an event where the general level of prices in an economy are reduced) On October 24th (black Thursday), share prices dropped by 14 billion dollars in a day, and more than 30 billion in a week. This forced many of the banks to close, due to them investing their client’s savings in the stock market.

Some might be wondering, what caused the Great Depression? Well, the Great Depression arrived in 1929. American citizens were out of work and didn’t want the government's “charity”. Stock market crashes, supply and demand, and contractions are some of the causes that can be found throughout the Depression.

The attack of The Great Depression was October 29,1929 – 1939. Franklin Roosevelt was the 32nd president of The United States of America and was the most famous person at that time of the depression Roosevelt saved the system, The street was against Roosevelt, confidence ended the Depression in 1934.Nine thousand banks failed during the months following the stock market crash of 1929. North America, and Europe was where it happened the most. The stock market crash as the single cause of the Great Depression. The Great Depression was caused by a number of serous weakness in the economy.

Imagine waking up on what seems to be a normal day. Just to find out that stock markets have crashed and all of your hard earned money is gone! Well, it happened. Thursday October 24, 1929 the Great Depression had begun. People lost nearly everything, lost jobs, lost the ability to do what they want when they want, and had to make major cutbacks.

Throughout the years to come, investments and consumer spending would crumble, creating a huge drop in industrial output and large numbers of unemployed workers due to the results of failing companies. As of 1933 the Great Depression hit an all-time low, 13 to 15 million Americans were unemployed and now half of the Nation’s banks had failed. With President Franklin D. Roosevelt’s policies and new deal programs, he aimed to end the Great Depression. Even though the economy would not make a full turn around until after 1939, President Roosevelt concentrated on immediate relief as well as long term, and restoring hope back into the economy.

On October 29, 1929 the stock market crashed by 12 percent by the end of the day. Many people realized that Americans was starting to go into an economic depression from this crash.

The Great Depression is one of many big mistakes in history that is important to remember and learn from. A event that left 25% of Americans unemployed and many in so much debt that children had to skip meals. There’s no real crisis at hand to blame for this situation, so what caused the great depression in the 1930s? The Great Depression was caused by installment buying/speculation, maldistribution of income, and overproduction.

So, the current president at the time. President Roosevelt created a program that would restructure the nation's economy during the Great Depression, this program was the New Deal. Not only did it bring major changes and long-term legacies, but it also brought tougher regulations of big businesses, it also sets an example of how involved the federal government is in the economy and society, and just like the Great Depression, the New Deal impacted people. The New Deal was responsible for important accomplishments, for instance, it put people back to work, saved capitalism restored faith in the American economy, and at the same time, Americans received a sense of hope. Some of the New Deal legacies that were long-term were unemployment insurance, old age insurance, and insured bank deposits.

October 24th, 1929 the stock market crashed and the American world changed. This event is known as “Black Thursday". On Black Thursday, the banking system collapsed, and 25% of the labor force, around 12.8 million people at the time, became unemployed. “...prices and productivity levels had fallen 1/3 of their level in 1929.” With Americans having trouble finding work and the banking system struggling, people weren’t spending and saving money.

The Great Depression was a catastrophic period of economic hardship that lasted from 1929 to 1939. It was caused by many primary and underlying factors that led to a downfall in economic activity and widespread unemployment. Some of the major causes of this event were stock market speculation, overproduction in numerous industries, underconsumption by consumers, high levels of debt, and the fateful crash of 1929. All of these factors combined created a severe economic emergency that resulted in extreme levels of unemployment and poverty for many Americans.

October of 1929, the month that sent all of Wall Street into a panic and wiped out millions of investors across the United States. Steep declines in employment rates lead to failing companies and more than half of the country's banks, destroyed. The initial start of the great depression. Over the next 10 years, repossessions and foreclosure climbed, leaving many sleeping on the streets and struggling to collect food. The Great Depression found a grew the cracks of democracy in the United States triggering challenges to a great extent.

The statement that ‘The US was stuck in a criss and lacking obvious resolutions’ is exceedingly accurate as the US society was in a period of predicament with no immediate decisions. It was a time of severe crisis due to social tension brought on by urbanisation, fundamentalism and the differing political and social ideas. They led to industrial strikes, the migration of African-Americans, and the creation of the Klu Klux Klan (KKK) however there were underground causes such as the Great Depression enhancing these tensions. In order to cease the Depression, Hoover attempted to halt the Depression through voluntarism only leading to intervention. Despite his work, people only saw a lack of success, a lack of success whereas Roosevelt's attempt

The Great Depression which had its reign in the 1930’s on the American economy. It was an era in time of extreme financial hardships that not only impacted the American government, but also its civilians. Since this period of time intersected with the tragedy of World War II, the Great Depression did not last as long as it could have. With the plethora of impacts that World War II made towards ending the Great Depression, this economic recession did not last as long as it would have without the war.

The United States stock market crashed on October 29, 1929 a day now known as black Tuesday. The stock market prior to this has been going up for year, but now its plummeted down. This set the United States in to the Great Depression. The President Herbert Hoover during this time urged patience, but American didn’t need patience they needed change. In 1933 when President Franklin Roosevelt went into office he was campaigning with the idea of the “New Deal”.