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Great Depression Dbq

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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. Over the years, consumer spending and investments decreased. This caused declines in industrial output and raised unemployment as failing companies laid off workers. By 1933, 13 to 15 million Americans were unemployed and half the country’s banks had failed. However, the economy did not fully turn around until after 1939 during World War II. The three main causes of the Great Depression were the stock market crash, overs spending, and the overproduction of goods. In 1929, …show more content…

For example, In Document five it states that in 1929, a collapse of the American Prosperity happen. Which means people was putting a lot of their money into securities hoping to the make the stocks rise. People began gambling which made a lot of them go into debt (Harry J. Carman and Harold C. Syrett, A History of the American People, 1952). Also a lot of people were speculating, meaning investors was putting money towards stocks hoping to gain, but risking a loss. By 1931, six million Americans could not find work. Industrial production dropped by half, breadlines, soup kitchens, and the homeless shelters became popular in America’s town and cities. In Document six, it explains how consumers have to reduce purchases and cut back on spending habits and how farmers struggled not being able to afford to harvest their crops( William E. Leuchtenburg, The Perils of Prosperity, 1914-1932, 1958). Also in Document seven, and eight it states that, people and families have to stretch and makes ends meet on what they have and also finding a way to make things cheaper (Paul Blanshard, “How to Live on Forty-six Cents a Day,” The Nation, 1929/ Fortune, February …show more content…

The overproduction of goods is caused by products not being brought, businesses not cutting back on making products, businesses laid off workers, and unemployment. For example, if someone is unemployed than he or she cannot buy products that were being produced. If nothing is being brought than businesses had to lay off workers. Since people were getting laid off family income was getting lower and lower. According to Document one, banks panics began when investors demanded their deposits in cash (AmeriTrust Co. Cleveland). This swept throughout the U.S and by early 1933 thousands of banks closed. In Document ten and eleven Americans were getting caught up with financial problems and could not manage it all and they only brought what they could afford only (Elmer Davis, “If Hoover Fails,” Harpers Monthly, March

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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.

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Three of the main causes to The Great Depression involved the crash of the stock market, job loss and buying on credit. To begin with, the crash of the stock market was the starting factor that let to the downfall of many lives. The stock market was flourishing with investors but reduced economy by 60% over all (Document 1). Around 4 million Americans including many banks had invested large amounts of money in stocks hoping to earn gains (Document 3).

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Has someone ever talk to you about the Great Depression if not am here to explain how it all started. It all started on morning day in the early 1930 when soon people looked worried about their jobs because factories were going to unemployment workers. Which was not a great thing for the the people or the factories because if the workers were unemployment they would not have money to the buy the products from the stores. So at the end the great depression had a major impact on the United states. The reason was because many men had to have at least two different jobs in order for them to bring food for his family.

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The new prosperity, technology and glamour America boasted was only promised to the upper class and urban workers; “There was real prosperity in certain pockets of the economy in the 1920s,” as Historian David Kennedy put it. The agricultural sector were especially struggling the most during this decade prior to the market crash. During World War I, American farms were subsidized by the government to expand and mechanize in order to keep up with providing food for the army. After the War, low demands and over-production

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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.

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There were many factors that led to the United States to go into the great depression. For example, the main one was the crash of the stock market. After the stock market crashed. Many banks had to close, and many people that had their moneys in the bank, lost it all. Also the amount of loans and debts that were created do to world

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On October 29th 1929, the United States of America fell into an all consuming state of fear. The crash of the stock market and the economic tribulations that rural United Statians were facing resulted in the Great Depression. No matter where one would he or she would encounter a plague of despair and people looking for the same jobs that no longer existed. People left their homes hungry for opportunities but would end up with starving for not only a small sum or money but a morsel of food as well.

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