Great Depression Dbq

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 The Great Depression 

The Great Depression 1929-39 was the deepest and longest-lasting economic crash in the history of the Western industrialized world. In the United States. The Great Depression began soon after the stock market crash of October 1929 which sent Wall Street into a panic and wiped out millions of investors and nearby businesses. Over the next several years, consumer spending and investment dropped which caused steep declines in industrial output and rising levels of unemployment as failing companies laid off workers. By 1933 when the Great Depression reached its climax, some 13 - 15 million Americans were unemployed and nearly half of the country’s banks had failed. Though the relief and reform measures …show more content…

In Germany, unemployment rose sharply beginning in late 1929, and by early 1932 it had reached 6 million workers, or 25 percent of the work force.

The Great Depression Begins :The Stock Market Crash

“The Wall Street Crash of 1929, also known as Black Tuesday (October 29)] the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating (stock market crash in the history of united states), when taking into consideration the full extent and duration of its aftereffects. The crash signaled the beginning of the 10-year Great Depression that Image result for stock market crash of 1929 timelineaffected all Western industrialized countries.”

What got us out of the Great Depression?

It is commonly argued that World War II provided the help that brought the american economy out of the Great Depression. The number of unemployed workers declined by 7,050,000 between 1940 and 1943, but the number in military service rose by 8,590,000. …show more content…

There were 10,000 banks that went out of business. Around one-half of all banks either closed or merged with other banks. The role of the Federal Reserve and government increased. Tighter regulations were put on financial markets and banks. The Federal Reserved shifted to a policy of maintaining high employment and fast growth.

Quotes

- An unemployed Texas schoolteacher, 1933

"Three or four million heads of households don't turn into tramps and cheats overnight, nor do they lose the habits and standards of a lifetime... They don't drink any more than the rest of us, they don't lie any more, they're no lazier than the rest of us.... An eighth or a tenth of the earning population does not change its character which has been generations in the molding, or, if such a change actually occurs, we can scarcely charge it up to personal sin."

- Federal relief administrator Harry Hopkins, 1933

"How many men ever went to a barbecue and would let one man take off what’s on the table what's intended for nine-tenths of the people to eat? The only way you'll ever be able to feed the balance of the people is to make that man come back and bring back some of that grub that he ain't got no business

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Great Depression Dbq