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Great Depression Dbq

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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

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