Great Depression DBQ

The Great Depression started in 1929 and lasted up until 1939. It happens to be the worst economic downturn for the United States and the the rest of the world. It caused companies and corporations to eventually go bankrupt as well as workers to be laid off. Another effect of The Great Depression is that factory production was reduced, and the banks started to shut down. In the lowest point of The Great Depression in 1933 nearly 15 million workers in America were unemployed and one half of the banks started shutting down.

The Great Depression was an economic collapse that began in 1929 and ended in 1938. During the Depression most citizens went through hardship .Three main causes of the Great Depression were the stock market crash of 1929, the Dust Bowl, and Bank failures.

The United States during the 1920’s were some of the best and fun years there were. Everybody always went to parties, invested in stocks, made money, and spent it as quickly as they got it. In 1929, the stock market crashed which ultimately turned the roaring twenties into the Great Depression. The effects of the Great Depression was a rocket high in the number of unemployment. People went from riches to rags, and started losing trust in banks which destroyed the economy and pushed the business cycle into a new phase worse than anybody had ever seen or experienced. The “business cycle” was a template for how most economists and politicians explained the economy and gave it reasoning.

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.

The Great Depression time period took place between the years 1929 and 1939 and it affected millions of Americans through all its time. Several people like Herbert Hoover, Franklin Roosevelt, and Dorothea Lange served an impact during this time. The stock crash of this time period left a decade of consequences for the lives of many Americans. The economic plumet of the 1930’s can also be related to our economic standings today.

The Great Depression went from 1929 to 1939. It was a very long and difficult time. Everybody was affected. It was a long and difficult time where everybody was affected. Nobody had jobs so kids didn’t have the money to go to school.

The United States had just gained victory from World War I and was thriving. The period known as the roaring 20s was a time of success and materialism. Consumers were buying more and more products and spending money on credit. People were frivolously spending money and buying stock in the stock market. Although things may have appeared to be a time of success and prosperity, a storm was brewing and there were underlying weaknesses in the economy.

According to Document E it shows how people in the 1900’s didn’t have many jobs especially in 1931-1935. When the New Deal started in 1933 the percentage of people without jobs started at 20.6%-12.5% throughout the 6 years the percentage of people with jobs increased and decreased. When World War 2 came along the percentage of people with jobs decreased but people gained money by building guns and machines for the war . By 1941 the percentage of poverty dropped down to 6.0%. These details show World War 2 was the main reason people were given jobs and money. World War 2 helped many people get jobs back, this was something the New Deal didn’t do. According the Document F it states, “In that bright land there’ll be no hunger No orphan children crying for bread no weeping windows toil or struggle No shrouds, no coffins, and no dead.” This shows the person saying the doesn’t want to live anymore, this person wants to be in heaven where everything is perfect and there is no depression. Therefore, the New Deal didn’t end poverty and it made people

After a series of stock market crashes, the United States’ economy descended into a period of contraction. For more than ten years, the United States suffered through this state of economic despair also referred to as the Great Depression. President Herbert Hoover was in office at the time and found himself amongst the greatest era of economic declination. His response was to devise countermeasures to the depression that he felt would be most beneficial to the country. He began by requesting of large corporation heads to resist cutting employees’ wages and positions and instead reduce the margins of profit they accrued. He also pumped money into public works projects such as the construction of highways and government institutions. In addition

The Great Depression, was caused by a number of weaknesses in the economy. It begun with the dramatic crash of the stock markets, bank failures, and unemployment was approaching 15 million people, or 30% of the workforce. 1/3 of the farms in the state of Mississippi changed hands because of foreclosure. Farmers, couldn’t sell crops because of over production.

The Great Depression of 1929 was a horrible time where American and its people had to suffer from poverty and hunger. The reasons for the Depression as stated on page 4, were “...a number of serious weaknesses in the economy.” examples such as people borrowing money they could not give back, wealthy making more money, and even the cost of WW1 cause problems. These all lead up to the U.S. stock market crash of 1929, were “thousands of investors were ruined and confidence in the economy was destroyed. ”(page 4)

Contrary to popular belief, the Great Depression went beyond the shore of the United States and had a major impact on multiple countries. All countries involved in trade with the United States were greatly affected- one of these being Germany. When our stock market crashed, the production of various products were put to an abrupt hault. Without the necessary money and supplies to manufacture products, there was no way to do so. Then, this resulted in the loss of jobs by many factory workers bringing the unemployment rate in the US to a mind-boggling 24.75% in 1933.

The nation had just fell into its largest economic depression it had faced ever. President Herbert Hoover had been blamed for his lack of control and care for the impending crash of the stock market. Roosevelt was tasked with pulling the country out of its depression and returning it to its full potential. The New Deal is characterized by the three R’s, relief for the unemployed, recovery of the economy through federal spending and job creation, and reform for the legislation to regulate the economy. To accomplish this Roosevelt had to expand the scope and size of the federal government in the economy and regarding welfare. The New Deal began with the creation of what’s known as the “alphabet soup” of agencies due to their simple abbreviations.

     The Great Depression was a huge economic downfall in North America and involved many other industrialized countries of the world. The Depression began in 1929 and lasted for about ten years. Millions of people lost their jobs along with many businesses going bankrupt. The common misconception of the Great Depression is people think that the stock market crash was the main cause for it. There were many causes for the Depression; unequal distribution of money during the 1920’s was the main cause of the Depression. This unequal distribution happened on many different classes of people. The imbalance of money is what created such an unstable economy. The stock market was doing much worse than people thought

The great depression was one of the worst economy issues we have ever had in history. It was a hard time for everyone. The great depression started in 1929 till 1939. Tons of banks closed down and about 9 million savings accounts were lost. Tons of companies and factories went under. About 15 million people were unemployed.