ipl-logo

Great Depression Dbq

569 Words3 Pages

Imagine waking up on what seems to be a normal day. Just to find out that stock markets have crashed and all of your hard earned money is gone! Well, it happened. Thursday October 24, 1929 the Great Depression had begun. People lost nearly everything, lost jobs, lost the ability to do what they want when they want, and had to make major cutbacks. This depression lasted ten years though they thought it would never end. The Great Depression caused a great deal of losses. Banks were buying stocks with people’s money and when they lost the stocks, the bank lost all of the money that the people had put in (Hayes). Banks took advantage of their customers money for their own benefit and ended up losing their money. This had caused people and companies to lose their money …show more content…

They were very upset that the bank lost all their money so the people lost trust in the bank. The stock market crash of 1929 was what started the Great depression. Things just got worse and worse since then. With people losing their money companies lost their money along with it. Companies could not afford to keep and pay all their workers. The term “We’re firing not hiring” was used a lot when people would go and try to get jobs (Hayes). The term was coined because they were firing most of their workers so they did not have to pay as many people in an effort to make as much money that they could keep. People were forced to take any and all jobs that they could (Hastings). Their were not many jobs though, so people created jobs for themselves (Hastings). They did all of the work that people did not want to do themselves and that they would pay said person to do it for them. Times were hard and not many people had a lot of money to pay them so jobs were few and far between. People could no longer do things impulsively. Before the depression struck people could just go see a film or go do something fun, but now they could not. People were forced to

Show More
Related

  • Great Depression Dbq Essay

    912 Words  | 4 Pages

    The Great Depression began with the famous stock market crash known as “Black Tuesday” and later went on to rapidly develop into one of the most dramatic economic declines in the history of Westernized society. Two of the main causes of the Great Depression were the abuse of the stock market and the general distrust of banks instilled within the American public, which led to the decline of the American economy. President Herbert Hoover, elected in 1928, was a firm believer of rugged individualism and that the economy has natural cycles, which prompted him to employ a “wait and see” approach with the American people when the Depression hit. Soon after, President FDR won the 1932 election by a landslide and enacted a collection of programs

    Read More

  • Franklin D Roosevelt Research Paper Outline

    728 Words  | 3 Pages

    Franklin Delano Roosevelt was born on January 30, 1882, into a world of privilege; the only president, in office, who held four terms. President Roosevelt family lived in Hyde Park, NY at the time of his birth (Coker, 2005). Franklin Delano Roosevelt studied law. In 1903 Franklin Delano Roosevelt became editor of The Harvard Crimson. Franklin Delano Roosevelt and Anna Eleanor Roosevelt were married in 1905; they were fifth cousins.

    Read More

  • New Deal Dbq

    950 Words  | 4 Pages

    The Great Depression in the United States essentially began on “Black Tuesday”, October 29, 1929, with the crash of the American stock market. The event sent a wave of panic through Wall Street, depleted consumer confidence, and plunged the United States into a severe economic downturn. Banks failed, companies went bankrupt and millions of Americans lost their jobs. Hoping that the economic crisis would be short-lived, President Herbert Hoover urged Americans to be patient and give the economy time to rebound. Although President Hoover fought to fix the economy, he did not believe that excessive federal government intervention was the solution.

    Read More

  • Great Depression Dbq

    1002 Words  | 5 Pages

    The Great Depression started in 1929 when the stock market crashed. The banks didn’t have enough money to give. President Hoover was a bad president and then when FDR took over he wanted to change it. Hoover did one thing by making the Hoover Dam and saving money by making water into electricity. The Great Depression was the worst bankruptcy in America's history.

    Read More

  • Great Depression Dbq

    794 Words  | 4 Pages

    When The great depression struck it hit the economy and the people hard during the Great Depression, The Federal Government took a more active role in the economic, political, and social problems centering around the Great Depression and their new role also developed more effective answers than their past role in inactivity. Americans all over the world were listening to the radio and hearing the news of the crash of the stock market. The Great Depression was important to U.S history because it showed us the flaws in our financial system and now we are able to fix those errors. At first,"Herbert Hoover had bad luck to be president when the great depression hit.

    Read More

  • Great Depression Dbq

    1226 Words  | 5 Pages

    The Great Depression was a tragic time in which many American’s suffered from unemployment, starvation, weak banking systems, overproduction, and many more issues. There were several issues that led up to the Great Depression, many of which were blamed on Hoover. He worked very hard to find a solution for the depression; however his actions seem to have worsened things. He managed to become very unpopular due to his lack to realize the sweeping nature of the Great Depression. It was especially hard for women during this time as it was thought that women shouldn't be working.

    Read More

  • Great Depression Dbq

    810 Words  | 4 Pages

    What had people gone through in the Great Depression? During the Great Depression, many people had suffered. It had brought the whole economy down and many people lost hope. At this time the Great Depression had affected many people, which had in turn impacted other people and companies. With a lack of money people were fun activities were cut to a minimum, and many were left homeless and some took their lives.

    Read More

  • The Long-Term Causes Of The Great Depression

    931 Words  | 4 Pages

    Start Here On October 29th, 1929, the hugest stock market crash befell in American history which is as known as Black Tuesday. It triggered the final consequence under the unstable society and lead to the Great Depression. The Great Depression was a period time from 1929 to 1939 when American was in its deepest economic downturn in history. Consumer spending and banks were two of the long-term causes of the Great Depression.

    Read More

  • What Caused The Great Depression Dbq Analysis

    1159 Words  | 5 Pages

    Imagine it's October 28, 1929, living a lavish lifestyle, owning a mansion, sailing on a 100 foot yacht every weekend, and having what seems like unlimited money that can be spent on anything at anytime. Then, all of a sudden, October 29, 1929 comes. The stock market crashes, banks are closing everywhere, and personal possessions are being foreclosed upon. The greatest economic downfall in the history of the United States has just began. This would become known as the Great Depression, which suited the time period between 1929 and 1941 perfectly.

    Read More

  • What Caused The Great Depression Dbq Essay

    726 Words  | 3 Pages

    In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.

    Read More

  • Why Is Herbert Hoover A Bad President

    1069 Words  | 5 Pages

    Herbert Hoover’s Presidency Herbert Hoover, the thirty-first president of the United States was very disappointing according to many people. Hoover had a significant impact on World War 1. For example, during World War 1, he organized a peace army that saved 350 million lives from starvation and disease. This is one of the many reasons why people chose Hoover to become the president. Herbert Hoover had a disappointing presidency because he did not overcome the Great Depression and the Stock Market Crash during his presidency.

    Read More

  • What Are The Underlying Causes Of The Great Depression

    585 Words  | 3 Pages

    America had experienced other depressions or “panics,” but none were like the Great Depression. The Great Depression began on October 29, 1929, Black Tuesday, with the stock market crashing. Most people believe that the cause of the Great Depression was the stock market crashing. Although that is what triggered the Great Depression there were many underlying causes that lead up to the stock market crashing. Some of the underlying causes include under-consumption/over-production, uneven distribution of wealth, loose banking and corporate regulations, tariffs policies, and the stock market.

    Read More

  • Great Depression Dbq

    692 Words  | 3 Pages

    Over the years, consumer spending and investments decreased. This caused declines in industrial output and raised unemployment as failing companies laid off workers. By 1933, 13 to 15 million Americans were unemployed and half the country’s banks had failed. However, the economy did not fully turn around until after 1939 during World War II. The three main causes of the Great Depression were the stock market crash, overs spending, and the overproduction of goods.

    Read More

  • Great Depression DBQ Essay

    462 Words  | 2 Pages

    The Great Depression was a time when mostly everyone started to loss their their money,business, and homes. Many people lost their jobs and that made them go to their local banks and withdraw their money, but the banks did not have their money, all the people that wanted there money back lost it all because the bankes went broke. The people were now poor and the government didn't help them. Saving and investing was really important in that time.

    Read More

  • How The Great Depression Shaped America

    923 Words  | 4 Pages

    The Great Depression was not only one of the defining moments in American history, but also one of the most difficult hardships Americans faced. During the Great Depression, which was ignited by the stock market crash of 1929, people faced unemployment, poverty, and changes in government the ultimately shaped America today. Many people believe that The Great Depression began when the stock market crashed on October 29, 1929 (“The Great Depression,” American Express). In the mid to late 1920’s the stock market grew majorly, the stock prices skyrocketed gaining interest from all kinds of people.

    Read More

More about Great Depression Dbq

Open Document