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Great Depression Dbq

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The 1920s, also known as the “Roaring 20s”. This was when everything started getting better, new products and new inventions soared through the roof. However, as soon as 1929 hit, everything went down, including the stock market. This was known as the Great Depression. The Great Depression was a worldwide economic downfall in the stock market that caused harm and difficulty to everyone. Day by day, the days got worse. From the chart on Document #1 the unemployment rate was about 25%, compared to nowadays it only being 3.9%. The Depressions spark event was the stock market crash. This was when the stock market just kept going up, resulting in people buying many stocks. However, suddenly the value dropped. In a little more than just one month, the financial outcome was $64 billion, then went down to a whopping $30 billion. That's more than half the time! …show more content…

Especially for the farmers. Failed agriculture practices resulted in a series of droughts and dust storms. These conditions made it impossible to grow the crops that they needed. So in exchange, they all fled to the state of California. That was said to be the only state that had little land left to farm. However, the Calfornians didn't like it. They thought it was too overpopulated and would often give them mean looks and call them “okies”. However, it wasn't just the farmers. In document 3, a well-college-educated woman talks about how hard it was to get a job. And she has been trying every single day to get one, but no one would listen. This left her just about homeless and had nowhere to

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1031 Words | 5 Pages

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.

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564 Words | 3 Pages

On October 29, 1929, the Wall Street Journal stock market crashed causing an immense economic failure known as the great depression. The Great Depression is a time in which the whole world fell into one of the worst states it has ever been in, primarily in America. Millions lost their jobs Especially African Americans and the country almost instantly lost all of its wealth and the agricultural world struggled to survive. This lasted approximately 10 years eventually things did start to improve under the presidency of Franklin D. Roosevelt when he passed the New Deal. The New deal gave the public, loans and gave millions of people jobs which helped the economy.

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384 Words | 2 Pages

Many economists trace the start of the Great Depression back to the 1929 stock market crash in the United States. This impacted the United States in a major way causing many laborer’s to find themselves jobless. There was a dramatic drop in trade, income and taxation that was felt by every country in the world. In the United States the unemployment rate reached 25%. Put in perspective this means that 1 in 4 people during the 1930’s had no form of income.

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418 Words | 2 Pages

Franklin D. Roosevelt approached the Great Depression’s calamity differently from his predecessors by allowing government intervention. Unlike other presidents, many followed the idea of laissez-faire, which is the concept that the economy will fix itself without government interference. However, the Great Depression had a great multitude of effects, not just on the economy but on the American people as well. Many Americans were unemployed, evicted from their homes, and had little to no money because most Americans believed that the economy would never go down. However, America faced one of the most well-known crashes, called the Great Depression.

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1301 Words | 6 Pages

The Great Depression The year 1929 started off as a year of wealth and prosperity in America, but ended with the worst financial disaster America has ever seen. First, the period of prosperity ended in a single day, when a crash in the stock market lost over fourteen billion dollars of investor money. Banks across the country were closing to cope with the loss which sent customers into a panicked frenzy. Second, no one had money because the banks had no money, loans fell through and houses were foreclosed, some people losing everything.

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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.

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164 Words | 1 Pages

In the 1930‟s and years to follow, a lot of people in the U.S felt the hardships that had been caused by the “Great Depression”. Families in the Plains, a term used to refer to the areas near Oklahoma, Colorado, Texas, Nebraska, and Kansas, were hit hard by the Dust Bowl, to make matters even worse, Dozens of “dust storms” obliterated people's crops , for some the only source of money. Millions upon millions of acres of land became full of dust that the soil was not suitable for the growth of food anymore. This made life even more difficult for the people in this region because their homes, the only places they have ever known, had become ruined and torn down due to the sheer amounts of dust. This setback had caused a lot of people to pack

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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.

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1329 Words | 6 Pages

“Worst of all, many Americans lost hope. As former president Calvin Coolidge acknowledged in 1932, ‘In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope. . . but as I look about, I now see nothing to give ground to hope.’” (Emory). The Great Depression (lasting roughly from 1929 to 1939) was, undoubtedly, one of the most troubling and hopeless periods faced by Americans in the early 20th century; inequality prospered as minorities, especially Black people and immigrants, became scapegoats for the country’s record-high unemployment and low quality of life.

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1502 Words | 7 Pages

The lack of crops led to food shortages and increased prices, making it challenging for families to feed themselves. The Dust Bowl led to mass migrations, as people left their hames in search of better living conditions. The lasting effects of the Dust Bowl continued long after the Great Depression and it remains a reminder of the horrible effects caused by the environmental

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1157 Words | 5 Pages

The government gave the people the land they needed to grow their wheat but shortly after both their land and their wheat prices shriveled up. Causing the people to have no food or money and now the environment seemed to be giving them a beating. The land was now being swept away and becoming a part of the storm. It was becoming harder for people to support their families and keep their dignity. These people also had to face the realization of the declining fortunes.

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723 Words | 3 Pages

The great depression, which occurred in the 1930s, was a major economic downturn that had a significant impact on the world. It was a revolutionary event because it resulted in significant changes in the and political systems, such as the rise of government intervention or social welfare programs. It also led a shift in societal attitudes and values, as well as changes in the global balance of power. The great depression was a revolutionary event that resulted in significant changes in economic and political systems, as well as a shift in societal attitudes and values.

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313 Words | 2 Pages

The Great Depression was the period of time after the stock market crash. It was a hard time for many citizens and hit the country hard financially. In the early 1900’s, the stock market was the place for everyone to pour their savings into stocks. Due to this, the stock market quickly expanded, reaching a peak in the August of 1929. Before then, production had already started to slow and unemployment had begun to take ahold of America.

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738 Words | 3 Pages

Unfortunately, the crops failed. As a result, food supply was short for the new settlers arriving each year, thus they were faced with starvation.

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1051 Words | 5 Pages

However, a fundamental change occurred in October of 1929--- the crash of the stock market which marked a rudimentary change in how the society of that era functioned. The Great Depression changed the festivities and abundance of the 1920’s into a time of extreme poverty and chronic issues. The causes of the Great Depression were varied. Although many people solely blame the economic

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