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Great Depression Dbq

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The Great Depression was a catastrophic event that happened in the late 1920’s to the early 1930’s. The reason this happened was when the stock prices fell, causing the economy to completely collapse leading to severe economic failure. This event is what caused countless people to lose their jobs, which meant people were struggling to provide for their families, unable to pay for food and housing and the things they needed to survive, people started becoming homeless and weren’t able to eat. Businesses were failing and were not able to gain any revenue because people were losing their jobs, workers were being fired because they couldn’t afford to be paid, businesses were shutting down due to the fact that they were not able to make money to …show more content…

I think that it would be very possible for disagreements to happen and everything to go south due to things happening with the government. For example, when Joe Biden was elected president, people who voted for him thought he was going to be a great leader for this country, and do things that we needed. I am not going to get into a debate about whether or not Joe Biden is a good president or not, but I am just going to state a few things that have happened that have led to economic downturns and bad things to happen economically. After Biden was elected to office, implemented some questionable economic policies, and had some pretty “out-of-control spending” sprees, we ended up seeing inflation reach the highest levels we have ever seen in 40 years! From January 2020 to January 2021 the consumer price index rose by 7.5%. We saw the highest gas prices we have seen since 2014, when Biden was vice president. These are all some examples of how I think depression can break out, certain decisions made by powerful people that can lead to nothing but …show more content…

All meat would go bad, the only way you would be able to get meat is by going out and getting meat fresh off of an animal and you would have to cook it immediately. However, no power would mean no electric stoves or grills, so you would have no way to cook food either. Next, an economic downfall just like what happened in the Great Depression could be a very big cause of another one occurring. The economy of America is one of the strongest in the world, that is why we are and have been able to be the most powerful country. The economy we have built is metaphorically the backbone of America, it is what holds us together and keeps us running strong and powerful. 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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