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

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.

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.

Herbert Hoover served as the 31st President during this time. Since the crash, Hoover had worked ceaselessly trying to fix the economy. He founded government agencies, encouraged labor harmony, supported local aid for public works, fostered cooperation between government and business in order to stabilize prices, and struggled to balance the budget (gilderlehrman.org, 1). When the depression worsened Americans wanted an increase in federal intervention and spending. Hoover did not want the help of the federal government. For they would force fixed prices, control businesses, and manipulate the value of currency (gilderlehrman.org, 2). He felt these were steps toward socialism. Socialism can be described as the political and economic theory that production, distribution, and exchange should be owned or regulated by the community as a whole (merriam-webster.com, 1). Hoover became known as uncaring toward the common citizen. During his reelection campaign, Hoover made arguments that measures Americans were calling for might help in the short term, but would be ruinous in the long term (gilderlehrman.org, 2). When Franklin D. Roosevelt ran for President in 1932, he promised Americans a “New Deal”. During his first “Hundred Days” as president, he signed numerous groundbreaking new laws. Bills created while under the New Deal supported direct federal aid, tightened government control, and forgoing volunteerism in favor of deficit spending, in the hopes of jump-starting both consumer confidence and the economy. The New Deal only targeted certain sectors of the economy such as agriculture, relief, manufacturing, financial reforms, etc. Since there was no macroeconomic theory total recovery did not happen during the 1930s. Due to the massive public spending during WWII it led the economy to full employment capacity production by

The Great Depression was the longest and most drastic economic crash the United States has ever faced. With the many contributing factors to the Depression, there was not one simple solution to the problem. Presidents Hoover and Roosevelt presented two opposing solutions, but Roosevelt’s New Deal plan proved to work more effectively. With the support of the public and of Congress, Roosevelt was able to create many relief programs and assist the United States in its efforts to recover from the Great Depression.

The Great Depression was one of the most disastrous events that negatively impacted America’s economy, and was triggered by the crash of the stock market. One long term cause of the Great Depression would be the Dust Bowl. The Dust Bowl caused the prices of many foods to decrease in price rapidly, and farmers had to give up their jobs due to the dust storm. This was one of the causes of the Great Depression because it made farmers unemployed and deprived of money. Another cause would be the banks because no one trusted the banks and did not lend them any money. Since people did not loan money to the bank, the banks in turn was not able to loan others money when they were in need of direct relief, causing many to become unable to support themselves. Herbert Hoover was elected in 1928, beating Al Smith in the election. Three things he believed in was that the economy had natural cycles, how he believed in a theory of rugged individualism, and had a wait and see approach. Therefore, he believed that the economy would eventually fix itself back to its original state before the depression, but that was an unrealistic approach. Hoover also believed in rugged individualism, so he did not create any programs to give direct relief to the citizens who needed help. In the end, Hoover prolonged the Depression by not acting quickly and not providing help to others, especially the unemployed. FDR got elected in 1932, and he on the other hand, acted quickly to restore public confidence. He

Since the crash hoover worked tirelessly trying to fix the economy. He founded government agencies like, encouraged harmony among the labor force and local aid for public work, fostered corporation between government and business to stabilize prices, and found it difficult to balance the national budget. As the depression worsened the call grew for increased federal intervention and spending. He refused to involve federal government and enforced fixed prices, controlled businesses, of manipulated the value of the currency. All of these he felt were steps toward socialism. He also gave indirect aid to banks and local public work projects but refused to use federal money for direct aid to citizens, instead in used voluntarism to raise money. His opponents thought of him as being uncaring toward the everyday man. Although he was a philanthropist before his presidency during his reelection campaign he tried to convince Americans that the measures they were calling for might seem to help them short term but would be detrimental in the long run. He backed his ideals by announcing that he cared for America too much to destroy the countries foundation with deficit and socialist institutions. In the end he was indisputably defeated by Roosevelt in 1932.

The Great Depression, which is known to be a very historical event that took place during the late 1920s and into the 1930s, was the most devastating economic event in the history of the United States. President Herbert Hoover was first in charge of getting America back on its feet after a huge decline in the stock market took a toll on the economy. Hoover was faced with the job of repairing American society, which was not an easy task considering American’s stocks were being bought on margins, the agricultural prices that existed were low, the wealth was distributed unequally throughout the nation and the banking systems were wrongly managed. When Hoover’s term came to a close, the election of 1932 took place. This election led to a Democratic Party nominee receiving the presidential position, Franklin Delano Roosevelt. When being compared to Hoover, Roosevelt had a numerous amount of different approaches to solving the Great Depression. He promised to provide America with a “New Deal” that would bring America back to the nation it once was, and maybe even create a better nation than before as well. With a push for a more active government that would aid people in times of need and a movement entitled relief, recovery and reform, Roosevelt attempted to bring the nation out of this dark time.

The great depression was the longest economic downturn in the history of the world. It began after the stock market collapse in 1929. That depression caused many people to be unemployment in the United States. In 1933, the United States government began to issue a series of programs that called the New Deal. The Great Depression and the New Deal had an effect over the long run.

President Franklin Roosevelt created a program that put United State in debt. This program was called the new Deal. During the Great Depression, many people did not have jobs. It began 1929-1939 it was the most economic downturn in United States History. Millions of people unemployed try to keep their family together. This was a problem because there was no money to feed their children or families. President Franklin Roosevelt tries to help this family by giving them hope by getting them jobs. By passing an act like CCC, AAA, and WPA.

The Great Depression was a economic depression that took place during the 1930s. It was the mistake that president Hoover(31st) made. He said that everything will be ok,the economy will be fixed by itself. And it didn’t at all. The year before Hoover became the president which is 1932,the GDP was 173. And the last year of his term the GDP was 133. He didn’t do anything with the stock market and bank crush,because he thought they could be fixed by themself. And it was totally wrong. Meanwhile he let the reporter wrote on the newspaper that everything is good, we will be fine. He lied to people when he was a president. After that Hoover lost the election of 1933, Franklin Roosevelt became the thirty-second president in the United State of American. He made a lot of things to help people,such as Public Works Administration (PWA), Civil Works Administration (CWA), Federal Emergency Relief Administration (FERA), etc.These things were called “The New Deal”. And the basic goal was to let people get a job and stay away from hunger.

The Great Depression began in 1929 and lasted about 10 years. The crash of the stock market sped up the collapse of the worldwide economy. After the stock crash, unemployment was massive and spread across the nation. By the early 1930s, factory production was cut in half, many businesses had no choice but to fail, and an excessive amount of banks were closed. The Great Depression caused a drought to scour through the nation which caused businesses to close and people lost their jobs. The economy was in a stressful state of matter.

The Great Depression was a worldwide economic downfall that was preceded by the Stock Market Crash of 1929. The timing of when the event hit countries varied; for some it started in 1929 following the Stock Market Crash and for others didn’t begin until 1930 and lasted until the late 1930’s or early to middle 1940’s. It was the longest and most severe economic depression up to it’s time. The Great Depression affected many businesses, homes, families, people, and investors.

The Great Depression was an economic downfall throughout America during the 1930’s. It was know as the longest-lasting economic downturn in history on the western industrialized at that time. This downturn went into effect after the Stock Market Crash of October 1929. This sent Wall Street into a great panic and essentially wiped out millions of investors. Over the years, consumer spending dropped causing a decline in the industrial output. By 1933, the Great Depression reached its lowest point and the banks had failed. The Stock Market Crash signaled the beginning of the Great Depression, in result the bank failures followed.