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Great Depression DBQ

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Great Depression DBQ On October 29, 1929, the stock market crashed and thousands of lives were changed and millions of dollars were lost. It came to be known as Black Tuesday, the day when the stock market dropped incredibly and life was never the same. On the 24th of October, the market dropped a little, but on the 29th, the market crashed completely. Americans were scared and in disbelief, so they rushed to the bank to claim their money before their life savings were gone forever. But they were too late. Nine million savings accounts were lost, eighty-six thousand businesses closed down, nine thousand banks went out of business, and wages were decreased by a whooping sixty percent. Suicide rates rocketed and were the largest increase ever. …show more content…

President Roosevelt was responsible for the New Deal Program. The New Deal was made out of many programs to give relief, recovery, and reform to the people of the United States. Included in Document 1--Some New Deals Programs were the Civilian Conservation Corps (CCC) which provided relief by creating jobs for young men around America. These men had the opportunity to work in forests, construction sites, and conservation. Another one of the programs that was very beneficial was the Federal Deposit Insurance Corporation (FDIC), which guaranteed safety for savings accounts. The FDIC made sure the money in savings accounts was secured and that the client did not need to worry about bank failures again. Farmers struggled to keep their farms going at a very difficult time and the New Deal Agricultural Adjustment Act (AAA) helped farmers by paying them to produce fewer goods and crops which would allow them to charge higher prices for their products. This was very helpful to farmers because they were overproducing and no one was buying, so this new deal gave them a source of income. All in all, these New Deal programs were very successful and are still around

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The surviving banks, wasn’t willing to create any new loans to protect their own survival. This exacerbated the condition leading to fewer and fewer everyday expenditure. Decline of purchases in all areas: with the economic failure

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Roosevelt was elected as the United States president. He took office with the country mired in the depths of The Great Depression. FDR immediately acted on this issue and thus was born the New Deal programs. The New Deal expanded the government’s role in the depression economy, and also enhanced laws that regulated Wall Street. FDR’s

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Roosevelt's first plan of action for the new deal was to provide relief to those living in poverty (the vast majority of the population at the time). To spread the message, FDR held 27 “Fireside Chats” from 1933-1944 establishing a plan for the future of America and the economy (Source 1). FDR's first major initiative was to establish the Federal Emergency Administration Act (FERA), FERA distributed over $3.1 billion dollars, and over 20 million jobs were created (Source 3). FDR also created government programs (such as the AAA, CCC, CWA, and PWA) that both regulated the US and provided jobs for those in need. He also passed The National Industrial Recovery Act that gave states money to create more jobs and formed the National Recovery Administration to regulate and establish fair practice codes for industries.

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It was important because it gave people the hope to fight the Great Depression and people were now confident and motivated to fight the problems. FDR made the New Deal a set of laws and regulations affecting banking, the stock market, industry, agriculture, and public workers' relief for the poor. Roosevelt created CCC to employ young people to work on environmental jobs. This was important because young men can now support their families and put food on the table for them. President Roosevelt also passed NIRA.

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The purchase of cars when down by about 75%. The suburbs were rapidly expanding. He tried to better the economy by spending more on public works to help unemployment. The Agricultural Marketing Act (1929) tried to help farmers, but could not surplus the credit crunch and the Agriculture prices kept declining. He tried to help with the Reconstruction Finance Corporations (RFC) and congress responded by the Glass-Steagall Act, which lead to the Federal Home Loan Bank Act, which allowed homeowner to remortgage their homes at lower rates and payments.

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1131 Words | 5 Pages

The New Deal was to relief, recovery, and reform. Some policies that Roosevelt put in place to end the Great Depression includes Emergency Banking Act (EBA), Created Federal Deposit Insurance Corporation (FDIC), Agricultural Adjustment Act (AAA), Civilian Conservation Core (CCC), Works Progress Administration (WPA), Tennessee Valley Authority (TVA), Homeowner’s Loan Corporation, Glass Steagall Act, WAgner Act, Securities Exchange Act, Social Security Act, and the National Recovery Act (NRA). The New Deal was successful because it started getting the United States out of the Great Depression, but World War II is what really helped the United States. Without World War II it would have taken longer for

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1301 Words | 6 Pages

Within Roosevelt’s first one-hundred days in office he signed the New Deal into action (Amadeo). The New Deal included forty-two acts to repair the country’s financial state and provide security that it would never happen again. The New Deal provided jobs and unemployment assistance. The acts include things like Social Security and the Federal Deposit Insurance which are still in use today (Amadeo). After the crisis ended, the US abolished the gold standard and relied on the Federal Deposits Insurance to protect depositors from bank failure.

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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.

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October 24th, 1929 the stock market crashed and the American world changed. This event is known as “Black Thursday". On Black Thursday, the banking system collapsed, and 25% of the labor force, around 12.8 million people at the time, became unemployed. “...prices and productivity levels had fallen 1/3 of their level in 1929.” With Americans having trouble finding work and the banking system struggling, people weren’t spending and saving money.

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This agency ensured Americans of bank deposits of up to $2,500.00. The FDIC guaranteed a specific amount of checking and saving s deposits for its bank members. Question 4: Was the New Deal a success in restoring American prosperity? Answer: Determining whether the New Deal was a success is difficult to answer.

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Because they could no longer continue to expand, a slowdown was inevitable. While profits went up, wages increased – which widened the distribution of wealth. Because banks didn’t have guarantees with their customers, a situation was created causing most people to panic when times got hard. Very few regulations were placed on banks, enabling people to spend money recklessly in the stock markets. This series of events set off the worst economic downturn in the history of the industrialized world (History.com, par.

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The New Deal included programs such as the Civilian Conservation Corps (CCC), the Federal Emergency Relief Administration (FERA), and the Works Progress Administration (WPA), among others. These programs provided jobs and assistance to millions of Americans, which helped to stabilize the economy and provide some relief to those most affected by the Depression. While Roosevelt's policies were certainly not a panacea for the problems caused by the Great Depression, they did have a positive impact on the country. Unemployment, for example, dropped from 25% in 1933 to 14% in 1937, and overall economic growth increased during Roosevelt's presidency. However, the impact of the New Deal on future generations of Americans is a more complicated issue.

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The stock market crash sparked the new beginning of an era. An era known as the Great Depression where millions lived in poverty and were being fired from their jobs or at least having their wages cut. Banks all across America and Europe went bankrupt due to many people wanting to withdraw money from the banks. The depression lasted eleven years, at least in America, and in that time, many people died or went homeless, but some people helped others go through the Great Depression. Woody Guthrie, John Steinbeck, and Will Rogers were some of those people who helped influence society during the depression.

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The Great Depression, which was an economic downfall that started in 1929, lasted about a decade, but what caused it to spread in the first place? There were many key factors that caused the Depression to start, but what really ignited the spread of it internationally was everyone's debt to each other. After World War 1, many countries depended on one another to try and recover because of everything they lost during the war itself. For example, Britain was destroyed completely and had no way of paying for things to be fixed. Their economy was in a slump after war so The United States stepped in to aid.

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Unemployment rose to 25 percent and by 1933 fifteen million people were out of work (Henretta, 2009). 9,000 banks closed their doors, and 100,000 businesses failed (Henretta, 2009). When the banks failed it had an even more severe shock. Back then the government did not insure bank deposits so savings in failed banks simply vanished (Henretta, 2009). People that were less fortunate than others did what they could to survive.

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