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Great Depression Dbq

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Recommended: Federal responses to the Great Depression by President Franklin Roosevelt

The great depression was basically an economic downturn which lasted from 1929 to the early 1940s, it was an over-the-top stock market and a drought that hit the South. In an attempt to end the Great Depression, the U.S. government took direct action to help fix the economy. With this help, the Great Depression finally ended with the increased production needed for World War II. The great depression began right after the stock market crash on October 1929 causing a huge panic on Wall Street, this caused many investors to be wiped out. Several years later you could see that the consumer spending and investment dropped causing a decline on the industries and high unemployment was at its peak laying of millions of workers, by 1933 about 15 million people were unemployed
Why it happened?
There are number of reasons why it happened but to give you a direct debrief some of the reasons were that people were not purchasing enough across the board with the stock market crash people were …show more content…

Bank deposits were not safe to be used because the banks failed people and thus people simply lost their savings. Banks that were still there were unsure of the economic situation and they were only concerned for their own survival and this caused them to stop giving more loans causing a decrease of the people using them.
How the situation was resolved?
There was a new deal that had been presented. Franklin D. Roosevelt had won the presidential election. He was the new face the new hero to help save the people he first announced a 4 day holiday in which all banks would close, reform and then reopen to better serve the people. He restored the public confidence and his 100 days in the office Roosevelt administration passed legislation to basically create jobs for people and start recovery. By 1935-1943 a program for permanent jobs was created to help 8.5 million people.
Long term impacts/lessons

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