Great Depression DBQ

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

How does one keep faith in a country during times of destitute and agony? In 1929, the stock market crashed. Poverty struck the country fast like the huge dust storms in the west. The new president, F.D.R, promised to relieve, recover and reform the country with various organizations. Churches and other groups set up food lines. F.D.R’s main goal was to put every American to work. The dilemmas of the Great Depression were soon set out to be handled by actions by the federal and state governments.

The majority of individuals trust that the stock exchange crash that happened on October 29, 1929 is the main source of the Great Depression. The stock market accident was not the sole reason for the Great Depression, but rather it acted to quicken the worldwide economic breakdown of which it was additionally a symptom. Numerous components prompted the Depression. One of which being bank failures, another the global downturn, and dry season conditions.

Once President Franklin Roosevelt was elected during the Great Depression, his first 100 days enacted what he called the New Deal. This “deal” was a series of reforms that were meant to increase available jobs, better the working conditions, and put money back into the economy. Jobs offered during this time, as well as the relief, recovery, and reform efforts gave a kick start to the American economy, helping to pull us out of the Great Depression. Some examples of these efforts can be seen in the Civilian Conservation Corps (CCC), the National Recovery Administration (NRA), and the Social Security Act (SSA).

There are numerous history specialists who see the New Deal approaches of President Franklin D. Roosevelt as the start of the social welfare arrangement of the Federal Government. Amid the Great Depression, there were numerous men who had no employments; thus, their families endured hardship and yearning. The New Deal projects were a progression of local projects, for example, the Federal Emergency Relief

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.

In his inaugural address, President Franklin D. Roosevelt set the tone for the upcoming half century when he confidently said, “The only thing we have to fear is fear itself”. In response to the economic collapse of the Great Depression, a bold and highly experimental fleet of government bureaus and agencies known as Roosevelt’s Alphabet Soup were created to service the programs of the New Deal and to provide recovery to the American people. The New Deal was one of the most ambitious programs in American history, with implications and government programs that can still be seen to this day. Through its enactment of social reform and conservation programs, the New Deal mounted radical policies that gave the federal government unprecedented power in the nation’s economy and society, however, the New Deal did not bring America out of the Great Depression and could be considered conservative in the context of the era, ultimately saving capitalism from collapsing in America.

The Great Depression was a time period when the US economy was in bad conditions. It lasted from 1929 to 1941, 12 years. The Great Depression was caused by over producing supplies and the stock market crash. Before the New Deal many Americans lived in makeshift communities called Hoovervilles because they couldn’t afford living in their houses any longer. Some people starved because they couldn’t pay for food or the food wasn’t able to get to their towns.

“At one point in the Depression, the cupboard was literally bearing of money.” What effect did the Great Depression have on the people who lived through it? The jobs they had, how they had to use their money, and the help they had to get.

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 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.

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.

In 1932, when Franklin Delano Roosevelt took office, the citizens of the United States had possessed sufficient time to realize that they could no longer be proud, but they must take anything they could get. Therefore, the programs set up by FDR’s New Deal program were perfect for the country at the time. These programs helped the people directly, providing relief, recovery, and reform. FDR based his plans on the philosophy of Keynesian economics, where the government spends money to make money. The government gave money and jobs to those in need, who in turn, had money to spend in the marketplace. The demand for products increased, and businesses were able to hire more workers and produce more products, as well as pay more money in taxes. FDR’s plans worked because they gave money not to those who would take advantage of the government, but to those who would use it in the way the government intended it to be used. During FDR’s first term in office alone, the unemployment rate dropped 4%. Because of FDR’s success in bringing the country out of the Depression, I give him an A.

The roots of the Great Depression can be traced back to the First World War, which saw a large American infantry being mobilized. This mobilization meant that a larger number of resources were required to sustain the war efforts. Farmers across the US started to raise their production and consequently expanded rapidly to provide