Great Depression Dbq

Even though many factors contributed to cause the Great depression, many argue that the biggest contributor was the stock market crash in 1929. During the years, previous to the recession, real state became very popular market to invest in. People were borrowing a great deal of money from banks to invest on purchasing lands, fixing roads, building houses, and buying houses. Even though people did not have enough money to repay their loans, they continued to borrow more, because of low tax returns. People believed that if they waited longer to invest, prices and interest rates will increase.

An increasing stock Market was a symbol of a dynamic economy but the market continued fall was overwhelming. It affected the government and economy of the nation. Although stock market crash was not really the cause of the great depression, rather it played a major role during the great depression. The cause of the great depression is believed to be Credit Crisis, over production, and a poor distribution of wealth, and Decrease in Export. During this period Herbert Hoover was

Farmers who borrowed money now could not pay off debt owed, in turn farmers were faced with losing their

When the citizens lost all their savings and money that they placed in the stock market, they were unable to refund/pay back the investment they took for their credit cards. With that situation, some people were unemployed and were not able to make any income and ended up leading to certain circumstances if they did not refund. Many families went homeless and even men left their families because they could not provide them with their needs. In addition, women jobs were taken away to give

As shown by this data this evidently highlights significant impacts of Roosevelt’s New deal, transforming this national history by ensuring social security and structural stability that provided an economic boom. Economists such as THOMAS I. PALLEY have delineate it as [1]"golden age of American capitalism." The New Deal relieved farmers unions stock markets

When people started to lose their jobs, nobody had a dependable income to rely on. Money was the biggest problem. Banks had shut down, and people couldn’t find a way to make money anymore. People couldn’t even pay for their own bills any longer. The basic essentials like electricity, heat, and water for some people was unavailable.

Question 1: What caused the Great Depression? Answer: While the immediate trigger of the Great Depression was when the Stock Market crashed on October 9, 1929 (“Black Tuesday”), there were other underlying issues that attributed to the weakness in the U.S. economy. Other factors: Overproduction in industry, “by 1920 the booming construction and automobile industries began to lose vitality as demand sagged. In fact, increases in consumer spending for all goods and services slowed to a lethargic 1.5 percent for 1928 – 1929.”

The Great Depression The year 1929 started off as a year of wealth and prosperity in America, but ended with the worst financial disaster America has ever seen. First, the period of prosperity ended in a single day, when a crash in the stock market lost over fourteen billion dollars of investor money. Banks across the country were closing to cope with the loss which sent customers into a panicked frenzy. Second, no one had money because the banks had no money, loans fell through and houses were foreclosed, some people losing everything.

There were many factors that led up to the depression. First of all, banks were making loans that were never paid back. When the businesses that loans were made to ran short on money, similarly, the banks did too. Banks across America went bankrupt, causing them to close. Every account in the banks that closed was abandoned.

The Great Depression occured October 29, 1929. The stock market crashed. The value of stocks plummeted $14 billion dollars, also known as “Black Tuesday.” There were many causes of the Great Depression such as, unhealthy corporate and banking structures, unsound foreign trade policy (Hawley- Smoot Tariff Act), economic misinformation, unequal distribution of income, and supply-side economics. Capitalism did not self-reform and was not a dependable system for majority of people.

The great depression had a negative impact on the lives of Americans. The great depression effected people all through out the nation, it was a global event. Many lives were greatly negatively affected. First off the great depression left many people homeless with no money or food. Family roles changed men struggled to find jobs.

These shortages in jobs mean more and more families are having no source of income. Similarly, in Document 2 it stated: “In Harlan County, there were whole towns whose people had not a cent of income”. This caused a horrendous amount of problems like food shortages, no access to clean water, people getting evicted for not being able to pay rent and no health care. Jobs were so rare that men had to stand in public with signs that they need work as it shows in a picture in document seven. Men were so eager to get a stable income that if they couldn't some of them committed suicide because they couldn't provide for their

Document 9, has observed that the chart "U.S Family Income Distribution (1929)," which was the year when the Great Depression starts shows the annual income and the percentage of Ameican Families Earning this Income. If it was over $10,000 the percentage overall was 40% and below it such as $2,000 there was 60% of families lived in or below poverty. The Great Depression hurt all income brackets not just the poor. Indeed, in 1929 the wealthiest 5% of the U.S. received about 33% of income. Furthermore, in document 11, it has been proven the "The Stumbling Block" cartoon has how the farm industry was affected which led to over-production which was the problem.

From 1865 to 1900, the rise of Industrial America occurred. In this time period, the railroad system was developed, new job opportunities sprung up left and right, and the American dream changed. Although the American society’s economy and standard of living seemed to prosper, it also allowed laborers’ lives to crumble,strikes occurred, children were left uneducated and forced to work in order to help support their families, and forced those families to get accustomed to squalid living conditions and hazardous working environments. The social classes developed.

As shown by the political cartoon in Document F, agriculture was an area of the American economy that floundered during the 1920’s. From the point of view of someone likely sympathetic to “the farmer’s predicament”, the cartoon shows a farmer, symbolizing the “agricultural west” struggling to hang on to his roof without his ladder, symbolizing the “high cost of living” and plunging “farm prices” that many farmers faced. The “industrial east”, symbolized by the dismissive mother and boy, doesn’t seem very supportive of the average farmer. Here, consumerism in the agricultural sector caused the economy there to weaken. American farmers were forced into competition with farmers in other countries.