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.
Joshua Youngworth Mr. Wall Period 4A 1-13-23 Stock Market Crash and the Great Depression Prior to the Great Depression stocks started to be purchased much more commonly as people assumed they could only gain profit from them. After the stock market crashed in 1929, the Great Depression soon began and the United States fell into a state of financial struggles. The Great Depression was a time where these struggles were common for tons of people all over the country and unemployment rates skyrocketed. The stock market crash caused the Great Depression because families couldn’t pay for anything, businesses started to fail, and banks closed.
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.
Many Americans lost all their money to the stock market when it crashed in 1929. Americans looked to President Hoover to end the depression. Most of Hoover’s policies were not likely to end the Great Depression. For example, President Hoover believed if the government could save business’ like banks, railroads, insurance, etc. that it would stop business collapse.
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.
The Great Depression started do to the stock markets failing in October of 1929. This event was said to the be “longest-lasting economic downturn”. Once Wall Street went into a panic, millions of investors were wiped out. Over the next few years investments dropped and consumer spending. The industrial district was in a decline in production and since the stocks were failing they could not produce a great amount so they had to let go their employees to save money.
Nathanaelle pierre-Louis United States history Period: 3 The Great Depression All through the 1920's, new enterprises and new techniques for generation prompted thriving in America. America could utilize its extraordinary supply of crude materials to deliver steel, synthetic compounds, glass, and apparatus that turned into the establishment of a gigantic blast in buyer merchandise (Samuelson, 2). Numerous US nationals contributed on money markets, estimating to make a fast benefit. This awesome thriving finished in October 1929.
The U.S. stock market was doing exceptionally well during the early 20th century. Stock prices were high and Americans were making good money off of it. The stock market reached its all time high, when prices were beyond their actual value. As a result, the unemployment rate increased which lowered production for products. Eventually, because of that action, the stock prices began to fall, causing the stock market to plummet down, affecting everyone that had invested their money in stocks.
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.
Regardless of location, the American people suffered during the Great Depression. It all started with the Stock Market Crash of 1929. People used credit too often and didn’t have the money to pay for what they were buying. Levels of unemployment started to drop as companies started to laid off workers. From 1929 to 1933, one in every seven businesses failed.
During the Progressive Era, cities' living and working environments had deteriorated, however, the Progressive Presidents created laws and acts that brought the country forward. At the same time, the new industrial economy's wealth became more concentrated in a limited number of families. Although this concentration of economic power made wealthy families value more materialistic concepts , the lower class was able to influence the world through the jazz age and the Harlem renaissance. This rise in entertainment made this dark period more lively, but also led to more consumerism which ultimately caused a stock market crash. In 1929 Hoover decided to take over which just so happens to be the year the nation plummets.
The 1930’s was one of the worst decades. The stock market crashed, sending the country into economic depression. Many people in the lower class lost their jobs as businesses shut down. The presidential election of 1932 was affected majorly since a number of the people hated Hoover’s response to the economic crisis. Conditions were really bad, especially for African Americans.
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.
The Great Depression started in 1929-1939 and lasted for a decade. The cause of the Great Depression was the market crash. Americans were eager to get rich quickly so they started to buy stocks on margin but the plan backfired. Investors began to worry that the stock prices would fall so they began to sell off their stocks. Those who lent money depended to repay their loans.
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.
