Great Depression Dbq

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.

The Great Depression, which lasted from 1929 to 1939, was the worst economic depression in the history of the United States. The stock market crash of 1929 signaled the start of the downturn and the coming of the Great Depression. This speculation and stock market crash acted as a trigger point for the already unstable U.S. economy. Thousands of people went bankrupt because they had lost their working capital in the stock market crash. Thus, the rich stopped spending on luxury items; the middle class stopped buying things on credit.

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 Depression was a time of great economic tragedy during the 1930’s. October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more than 16 million more shares were traded in another wave of panic. Many investors then lost confidence in their banks and demanded deposits in cash which forced the banks to liquidate loans in order to supplement their on hand cash reserves. By 1933, around 15 million Americans were unemployed and nearly half of the country’s banks had failed. This stopped Americans from purchasing which then led to less production of goods and decreased the amount of needed human labor. In the end, millions of shares ended up worthless, and those investors who had bought stocks with borrowed money were wiped out completely.

There were many causes to the Great Depression. Many people would debate how many there were exactly. Out of all of them, here are four of the bigger ones. International payment problems, unequal distribution of wealth, the banking system, and overproduction.

After the Civil War, America started experiencing prosperous times in terms economic boom. However, in September, 1929 things took a different twist when the stock prices fell abruptly, eventually leading to the stock market crash the following October. This, combined with rising personal debt triggered the Great Depression, the worst economic collapse since the onset of industrialization. The ensuing effect was collapse of banks, closure of businesses and a quarter of the employed Americans lost their jobs. Further, families became homeless and some resorted to camping out on the Great Lawn in New York City, which was an empty reservoir then.

Topic #1 The Great Depression was a long and harsh collapse in the economy. The three contributing factors that led to the industrial recession of 1930, was the stock market, banking system, and unemployment. Big companies and corporations were acquiring a lot of the stock market but the majority of it was with borrowed money.1 In addition, an upsurge of bank failures began as depositors lined up to take money out before the banks would collapse, but the banks called for loans and sold capital.1

The 1930’s was a decade of hardship and despair in Canada. It was truly a terrible time, as the economy crashed, many people lost their jobs, and poverty rates skyrocketed. Many people couldn’t afford basic needs like food water, and shelter.

The Great Depression was a series of economic blows to the country that ruined the economy and caused prolonged problems after the crash of the stock market. It lasted from 1929 to 1939, and was one of the most severe economic tragedies ever to occur in America. There are many different perspectives on how World War II affected the Great Depression. Another perspective believes that WWII just made the Great Depression worse by increasing America’s national debt, pushing the country even further back. That perspective believes that the Great Depression ended through economic competition and business, lowering taxes, and increasing investment.

The Great Depression had many aspects that made it one of the harshest times for people around the world. It began on October 29, 1929. Jobs were hard to find, the economy was in terrible conditions, and lots of people were homeless and dying of diseases. Some of the key players in ending the Great Depression were Franklin D Roosevelt and Mary McLeod Bethune.

If there can be any period in time described as hell for America, the Great Depression is argubly the best contender for the description. There were six main causes of the Great Depression, which were: bank failures; the stock market crash; Reduction in Purchasing Across the Board; American Economic Policy with Europe; the increasing gap of socio-economic power between the rich and poor; and upcoming drought conditions. At the start of the Great Depression the president was Herbert Hoover, who believed that that the American public would only truly be out of the Great Depression through “rugged individualism” - the idea that the US citizens would only succeed though their own efforts. In other words he believed that people should not be “babied”

Since the founding fathers signed the Declaration of Independence, the United States of America has experienced a great amount of changes from then to now. One example of change in America occurred during a time of great prosperity. In the 1920’s America experienced a time of enjoyment and where no one fretted over money. However, after the stock market crash in 1929, America entered the Great Depression, forever altering history. The Great Depression caused many people to lose their jobs and many people did not how to get their next meal. This was a time of great change. Another change occurred when the United States came out of the Great Depression, a time of great suffering, into World War II. The second world war caused America to stop

As the roaring twenties came to a halt, Americans felt crushed by the most severe economic crash in its history. The Great Depression was a large-scale economic disintegration, with the starting date being given to Black Tuesday, October 29, 1929. The Great Depression created such an economic change in the United States that the country would suffer for a whole decade, ending in 1939 as the United States was pulled into World War II. The Great Depression was caused by a series of events, crashing the stock market, economy, and job availability. Finally, the United States was pulled into World War II and put incredible amounts of money and jobs into the effort.

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.

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