Great Depression DBQ

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.

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