Great Depression Dbq Essay

The Great Depression of the 1930’s was caused by many problems. They include overproduction, monetary policy, war debt, tariffs, the stock market crash, and unequal distribution of wealth. These each play a specific and intricate role in bringing the U.S economy to its knees.

The Great Depression suddenly slammed the United States in 1929, causing severe economic instability. Known as the Roaring Twenties for its economic stability and optimism, the 1920s were a prosperous time for Americans. During these years, America had an unemployment rate of 3.2%, but by 1933, that number was 25%. When the Great Depression hit Americans, it led to skyrocketing unemployment rates, dropped production levels, and severe deflation. Several leading factors caused this economic disaster, which dragged on for ten years and shaped how Americans live today.

How did the great depression affect the united states? The great depression affected the united states in many ways, but one of the major factors that affected the united states during the great depression was the economy plummeting. The Great Depression was caused by investing in stocks, The stock market crashing and unemployment rates. One of the reasons why the Great Depression was caused is because of investing in stocks. "Suppose a man marries at the age of 23 and begins a regular saving of fifteen dollars a month and almost anyone who is employed can do that if he tries. if he invests in good common stocks and allows the dividends to accumulate, he will a the end of 20 years have at least eighty thousand dollars and an income from

The Great Depression is one of the most misunderstood events in not only American history but also Great Britain, France, Germany, and many other industrialized nations. It also has had important consequences and was an extremely devastating event in America. It was the longest and most severe depression ever experienced by the industrialized Western world. When the New York Stock Exchange crashed in October 1929, the United States dropped sharply into a major depression. The world was in wide demand for agricultural goods during World War I, but they had rapidly decreased after the war and rural America experienced a severe depression throughout most of the 1920's and even on into the 1930's.

After the stock market crash, America was placed in an economic devastation. Chaos and panic spread throughout America. Prior to Franklin D. Roosevelt, President Herbert Hoover made the next three years of the depression worsen. Hoover believed The Great Depression was going to blow over; therefore he did not enforce many policies to lessen the impact of the Depression. The failure of banks, business and investors becoming bankrupt and wiped out, led to a drastic downfall

Some factors that brought about the Great Depression of the 1930s were the stock market crashing on what is known as “Black Tuesday”, banks closing, companies failing, and employment. The stock market crashed in October 1929. The market crash led to banks closing because of the fact of people taking all their money from their bank accounts. Companies began to fail because of these other factors and majority of people were unemployed. America came into a standstill in the Great Depression.

The stock market crash in 1929 gave way to the beginning of the Great Depression, this being one of the most vast dilemmas our country has ever been in (The Great Depression). This affected many by leaving a large majority of America homeless, jobless, and starving. Due to farmers not having enough income to gather and harvest their crops this left many without food (Moore). The Government worked through this complicated issue, by first implementing the first new deal and soon after the second new deal. These were implemented in hopes of advancing America's economic system. This effected America by reopening more work and employment for the people. World war II also played a major factor towards contributing around 17 million jobs to those unemployed, thanks to the 12 million who served in the war (Folsom). The stock market crash left many in a bad predicament, over the course of about 10 years the Government

The Great Depression first started as early as 1928, but did not affect the United States until 1929. The Great Stock Market crash started the event of the Depression here in America, but was not the main cause to why it happened. During the early stages of the depression, President Hoover failed to help the economy and continued with his belief system of giving people the least help they needed, so they can earn themselves a rightful spot with pride, not with government’s help. The Great Depression was a very intense experience for us, even until today, the

“By 1933, when the Great Depression reached its nadir, some 13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed”(“The Great Depression”). The major event that led to the Great Depression was the stock market crash. The stock market crash was when stock value sharply decreased in 1929. The Great Depression was a time of great suffering all around the world and lastly for 10 year. Also this left between 13-15 million people out of work in America. The stock market crash affected many americans negatively and led up to the Great Depression.

Even though the non-government funded “soup lines” were helping, the government was still nowhere to be found. President Hoover, who was president at the start of the depression, was not giving WWI veterans their bonus from the war; he was taking away what little these people had to hope for in a time of need. This brought homeless, hungry men to an angry state of mind, which eventually led to riots outside the White house. The Army was then called upon by President Hoover to take control of the streets, not just to stop these riots, but also to prevent them from happening in the future.

The Great Depression was the worst economic downturn in the history of industrialized world. People wouldn’t pay back their loans, thus the banks went bankrupt. This happened to over 100 banks and millions of dollars were lost. All of these events lead up to the Stock Market Crash of 1929. The leader of the country during this unfortunate time was Herbert Hoover who did absolutely nothing to support his people, thinking that it wasn’t his place to do so. Americans were furious when they heard about this but they couldn’t do anything to convince the government to help them. Throughout the years, the economic industry in America had gotten worse. From 1929 to 1933, unemployment rates increased by over 10 million and Americans struggled to survive. It wasn’t until America elected a new president, Franklin Roosevelt who created the New Deal in 1935, where the economy was recovering. The New Deal was a group of U.S government programs of the 1930s.

The great depression was a horrible time for americans it was one of the most difficult times in the united states.One of the causes that started the great depression was the stock market crash of 1929 it was a major cause because two months after the original crash stockholders had lost more than 40 billion dollars.Even though the stock market begin to gain some of these losses back by the end of 1930 it was not enough and america truly entered the great depression.Another event that caused the great depression was bank failures.In the 1930s over 9,000 banks failed. Bank deposits were uninsured and banks failed people by losing their savings.Banks that survived were unsure of their economical situation and concerned for their survival.

It aided to the problem America had when people lost their life’s savings because of an irresponsible choice their bank had made. The F.D.I.C insured savings accounts in banks approved by government. If one of those banks fails, the government would promise depositors that they would receive their money. Many other solutions similar to the F.D.I.C were created which was shown in document 6. But, some of the ones that solved the issue of unemployment were Federal Emergency Relief Administration (F.E.R.A), Civilian Conservation Corps (C.C.C), Works Progress Administration (W.P.A), Rural Electrification Administration (R.E.A), and the Tennessee Valley Authority (T.V.A). They all had different tactics at going towards the solution of the unemployment epidemic. For example, the Works Progress Administration would put the jobless to work by doing many things like building airports, playgrounds, parks, schools, and hospitals and also becoming photographers, artists, actors, writers, and composers. Another solution to one of the problems was “kitchens” being opened up by various individuals or groups. Many starving families would send out a member to bring the free food home from these kitchens. They would wait outside of the building in very long lines just to get a simple small meal, which was shown, in document 4. Although the problems weren’t completely gone, there were certainly numerous attempts at solving or reducing

The Great Depression was a difficult time for all the American people. It was a time of unemployment, falling wages, and hope for recovery (“Chapter 27”). Some of the causes of the Great Depression were government policies, economic factors, and the gold standard (“Chapter 27”). Other reasons included the fall of the stock market, overseas investments, and the investments in Florida real estate (Farless). The president at the time of this difficult time was President Herbert Hoover. When the Great Depression started, Herbert Hoover took matters into his own hands. President Herbert Hoover came up with multiple recovery attempts.

The stock market crash of 1929 sent the nation spiraling into a state of economic paralysis that became known as the Great Depression. As industries shrank and businesses collapsed or cut back, up to 25% of Americans were left unemployed. At the same time, the financial crisis destroyed the life savings of countless Americans (Modern American Poetry). Food, housing and other consumable goods were in short supply for most people (Zinn 282). This widespread state of poverty had serious social repercussions for the country.