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Great Depression Dbq

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The great depression
The great depression was the greatest economic fall in the history of the United States. People had to live through hardships during the period of 1929-1939. During the depression banks closed, the stock market crashed, and a lot of people lost their jobs and became homeless. The great unemployment rates created backset in employment and economic production.
What were the causes of the great depression? Firstly banks invested in the stock market. After the stock market crash all the money that the bank invested was lost. The money that the bank lost was essentially money from other people who entrusted in the bank. The federal government increased the making of money …show more content…

The day the stock market crashed October 24, 1929 also known as black Tuesday. The market value dropped thirty billion dollars. Lots of people were unemployed and lost their homes. 1929-1932 worldwide the GDP fell by estimated fifteen percent.
GDP is the gross domestic product. The GDP is manly used to measure the greatness of the economy. It tells the total dollar value of all goods and services produced over a specific time period. GDP is calculated by either the income approach or by the expenditure method. The income approach is calculated by adding up the total compensation to employees, gross profits for firms, and taxes, less any grant.
The expenditure method is the more common approach and is calculated by adding total consumption, investment, government spending, and net exports. So when the economy is bad the stock prices fall and when the stock prices fall the GDP growth turns negative which creates a recession.
During the stock market crash people lost a lot of money, but people who bought stocks “on margin” lost everything. Factories, banks, and other businesses started to foreclose or be repossessed. By1930 four million were jobless the number raised to six million in1930. England, Glasgow’s unemployment rose up to thirty percent, but in Newcastle unemployment rate rose to seventy …show more content…

Hoover thought America could get through the Great depression by hard work. Hoover also tried to boost the economy by creating jobs, but it didn’t work and people started to lose faith in Herbert Hoover. In 1929 the employment rate was 3.2 percent; by 1933, the unemployment rate reached 25 percent. Soon these little towns of poor unemployed people called Hooverville’s.
1933 fifteen million people where unemployed. Hoover said that we could get through this with hard work. People in both urban and rural lost their jobs, had no house, and had no money. Since the people didn’t have homes they decided to build shanty towns. These communities became called Hooverville’s named after the one and only Herbert hoover. Hooverville homes were made out of cardboard, tar paper, glass, lumber, tin or they would use whatever they could find.
In the depressions many people lacked food or place to stay. So people started food riots or food marches. In Minneapolis in February 1931 people broke into a grocery market and stole food. The store’s owner pulled out a gun to stop the looters, but was jumped and suffered a broken arm. During the great depression seven million people died of starvation. Other than there being people being hungry, there were two million homeless people in the United

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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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Prior to the Great Depression, America experienced an ordinary recession. consumer spending dropped and unsold goods began to pile up, slowing production. At the same time, stock prices continued to rise, and by the fall of that year had reached levels that could not be justified by anticipated future gains in profits. On October 24, 1929, the stock market bubble burst as investors began dumping shares in mass quantities. Finally, on October 29, 1929, the stock market collapsed.

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Some might be wondering, what caused the Great Depression? Well, the Great Depression arrived in 1929. American citizens were out of work and didn’t want the government's “charity”. Stock market crashes, supply and demand, and contractions are some of the causes that can be found throughout the Depression.

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Today, most average Americans are able to eat out, stroll the mall, purchase decent clothing, or even buy a new phone, but imagine living in the 1930’s where eating a good meal was only fortunate for some. There was an era longing eleven years of dark days, hungry evenings, bankruptcy, and literal depression where America suffered its worst set back of its history. In a complicated time in which it would not matter if you were black or white, male, female or even the richest of them all. The dreaded country collapsed between the years 1929-1940 for several reasons. So what is it that caused this long economic tragedy?

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The Great Depression was a roughly 10-year period in the early twentieth century that was shaped by the United States’ national economic crisis, but affected the global economy, as well. It began in 1929, when the stock market first crashed and stock prices began to fall, but only 2% of Americans owned stock and were affected at this time. (1:48) It wasn’t until tens of thousands of people began to withdraw money from banks and hundreds closed across the country, leaving 28 states bank-less (5:32) that the population truly began to suffer. Unemployment rates skyrocket and more and more people begin to go bankrupt, with 34 million Americans left with no source of income by 1932.

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Herbert Hoover’s Presidency Herbert Hoover, the thirty-first president of the United States was very disappointing according to many people. Hoover had a significant impact on World War 1. For example, during World War 1, he organized a peace army that saved 350 million lives from starvation and disease. This is one of the many reasons why people chose Hoover to become the president. Herbert Hoover had a disappointing presidency because he did not overcome the Great Depression and the Stock Market Crash during his presidency.

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As you may know, The Great Depression was one of the worst economic downturns in U.S. history. There are many debates on what caused The Great Depression some examples are, corporate leaders blame the depression on the result of a lack of business confidence in businessmen and how they were reluctant to invest because they feared the government regulations and high taxes. The Hoover administration blamed international economic forces therefore which should stabilize the currency and debt structure. New dealers argued that the depression was due to under consuming and that low wages and high prices had made it difficult to find a product of the international economy and that the lack of determination had led to economic collapse. But I also believe that the main factor of the Great Depression was the stock market crash of 1929.

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What Caused the Great Depression? The Great Depression was a devastating tragedy that changed our economy. In the U.S, the Great Depression shortly happened after the stock market crash in 1929. This sent Wall Street into a great panic and wiped out millions of investors.

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”If he had failed the whole nation would blame him for their troubles. If he succeeded the whole nation would think he was the greatest president in U.S history. Unemployment reached to 6 million in the year 1930 construction was down 25 percent. “It was Hoover who started the programs to help the depression. ”Chicago reported that 75 percent of the members of the community were unemployed.

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The Great Depression was one of the most devastating economic crises in the history of the United States. It began in 1929 after the stock market crashed, setting off an economic spiral. Lasting for a decade it caused widespread unemployment, poverty, and social unrest. The economic collapse had devastating effects that had impacted everyday American life, including individual families, to the national economy, and even the government. During this period of time the American people faced a range of challenges including, unemployment, homelessness, starvation, and social inequality.

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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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People began to buy on credit and then went into debt. Everyone in America was losing money. To compensate for the crash, people began firing workers and by 1933, 13-15 million of Americans were unemployed. Citizens lost their jobs, homes, and some even their families due to malnutrition. Iconic images from the Great Depression show people waiting in food

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A loss in the economy leads to a loss worldwide, which affects almost everyone. The economic side of it is like trading and the stock market. One of the leading causes of the Great Depression was when the stock market fell and everything changed. We got to have a look at what it would be like when the economy was struggling during the Covid Pandemic. In 2019, the government was forced to put trillions of dollars into the economy to do their best and do what they could to stimulate it

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