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Great Depression Dbq

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What Caused the Great Depression? BOOOM goes the stock market sending America into a frenzy that would take long to recover from. This was the worse they have ever seen. The Panic of 1893 was nothing compared to what the US had in store for them in the 30’s. In just a short span of time, so many people went broke, companies failed, lost jobs, and many struggled to eat. Some families even had their children take turns eating for a day or meal causing the children to become sick or extremely hungry. No human should have to go through that but the economy was just not in a position to support the people like how it is today. This was caused by many things but most importantly speculation, installment, and overproduction in many industries. Although …show more content…

Overproduction is when a company or producer makes more of the product than it can sell causing them to reduce the price to meet profit and lose money. Before and during the Great Depression this was a huge problem because of its effects on the owners. In the farm industry many people fell into this whole and had to pay repercussions. In 1930, overproduction in the farm industry caused the price of cotton and wheat to drop (Doc. 11). The depression was so bad that even though the prices dropped on many items and goods, people still couldn’t afford them. The result from that is that people were getting laid off left and right so the company could still make money once again. Now the people were in debt, still buying things on installment, but unemployed. “There was no apparent way of checking this downward spiral after it had been set in motion.” (Doc. G). A lot of people didn't see anything like this coming so they were so prone to stuff like this, because they were spending money and making mistakes like overproduction. Now the rich people couldn’t even buy the luxury things they used to before like a 35,000 boat (Doc. 8) because they now had to precisely manage their businesses so they wouldn’t fall into this bottomless pit. Not many faced this problem though because the rich were scarce in this time period. Only two percent of the US’s population of families was making over ten thousand dollars a year (Doc. 9). All-in-all overproduction was a really big cause of the Great Depression but it didn’t have a biggest negative

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DBQ Depression Essay Draft There are many opinions on the Great Depression. The stock market crash was a big part of this problem. Taxes and tariffs on imports did not help either. What came after the crash was the bad part. The stock crash and tolls are what caused the Great Depression.

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No matter if a country was considered rich or poor, the Great Depression had devastating effects. The unemployment rate increased dramatically, going from 3% to 25%. For the people who were lucky enough to still be employed during this horrible time, their wages fell 42%. However, the crash of the stock market is not the only thing that caused the Great Depression. In the middle of the 1930’s, a severe drought struck and it ruined much of the agriculture of the United States, which was known as the Dust Bowl.

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The great depression in the US, which began in 1929, and ended in 1938 was caused by many different things all happening at the same time in the economy. The wall street crash in October 1929 was one of the main causes, when the stock markets crashed. This was caused by many things, but the main reason for it was a deflation (which is an event where the general level of prices in an economy are reduced) On October 24th (black Thursday), share prices dropped by 14 billion dollars in a day, and more than 30 billion in a week. This forced many of the banks to close, due to them investing their client’s savings in the stock market.

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An increasing stock Market was a symbol of a dynamic economy but the market continued fall was overwhelming. It affected the government and economy of the nation. Although stock market crash was not really the cause of the great depression, rather it played a major role during the great depression. The cause of the great depression is believed to be Credit Crisis, over production, and a poor distribution of wealth, and Decrease in Export. During this period Herbert Hoover was

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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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The attack of The Great Depression was October 29,1929 – 1939. Franklin Roosevelt was the 32nd president of The United States of America and was the most famous person at that time of the depression Roosevelt saved the system, The street was against Roosevelt, confidence ended the Depression in 1934.Nine thousand banks failed during the months following the stock market crash of 1929. North America, and Europe was where it happened the most. The stock market crash as the single cause of the Great Depression. The Great Depression was caused by a number of serous weakness in the economy.

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When people started to lose their jobs, nobody had a dependable income to rely on. Money was the biggest problem. Banks had shut down, and people couldn’t find a way to make money anymore. People couldn’t even pay for their own bills any longer. The basic essentials like electricity, heat, and water for some people was unavailable.

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When the citizens lost all their savings and money that they placed in the stock market, they were unable to refund/pay back the investment they took for their credit cards. With that situation, some people were unemployed and were not able to make any income and ended up leading to certain circumstances if they did not refund. Many families went homeless and even men left their families because they could not provide them with their needs. In addition, women jobs were taken away to give

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Some of the main reasons that made the Great Depression so severe were, the U.S. no longer had the frontier with its economic troubles, meaning that the U.S safety valve had vanished. No matter how far anyone traveled across the United States, they would still be trapped inside the horrible depression. Besides being trapped within the depression some of the main causes for it revolved around Overproduction and Overspeculation. People would often but stocks with only 10% down payment and they would then pay the rest with

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The people were in debt and and just dug themselves a deeper hole “,combined with production of more and more goods and rising personal debt,”(The Great Depressions) and had no way of making money to pay it all back without jobs. This all goes back to the roaring twenties when eh people bought and bought and dint think of the consequences. The biggest problem for the American was the stock market crash “the stock market crashed, triggering the Great Depression, the worst economic collapse in the history of the modern industrial world. ”(The Great Depression) leading them into social mayhem. The people although causing this distress themselves sought out other things to blame while being completely helpless in their

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The United States, the richest country at this time, was one of the hardest hit leaving many people out of a job. With little money to feed their families, many often went hungry. This was known as The Great Depression. This event changed the way society looks at economics in Liberal states and brought about changes. With the lack of economic control by the government the people’s self-interests no longer became something that would benefit society.

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The proper role of government in Americans’ lives is to have control over business to help improve our economy. The lack of control over business in the 1920’s lead to the Great Depression and because of this mistake the government needs to be in control of the people's lives due to the providing benefits for businesses and jobs. The government's role in Americans lives during the 1920’s was a “hands off”, while the Great Depression’s government at the time took control in businesses and people's lives. During the 1920’s, coming back from war, the American government saw this as a time high income and feeling as if business could regulate themselves. Due to this, the American people began to overuse credit and have an increase of stock market

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America had experienced other depressions or “panics,” but none were like the Great Depression. The Great Depression began on October 29, 1929, Black Tuesday, with the stock market crashing. Most people believe that the cause of the Great Depression was the stock market crashing. Although that is what triggered the Great Depression there were many underlying causes that lead up to the stock market crashing. Some of the underlying causes include under-consumption/over-production, uneven distribution of wealth, loose banking and corporate regulations, tariffs policies, and the stock market.

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In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.

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In the early 1930s the labor force in countries that were industrialized saw as much as one forth of its workers unable to find work. Conditions were starting to improve by the mid 1930s, however total recovery did not happen until the end of that decade. This was a very difficult time in United States history and around the world, but it could be said that something good came out of it, central banks throughout the world now try to thwart or moderate recessions. It is unclear whether a change like this would have occurred if not for the

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