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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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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.

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212 Words | 1 Pages

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.

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1483 Words | 6 Pages

The Great Depression was the worst economic downturn in the history of the world. It began in the United States when the stock market crashed in October 1929. Everybody was sent into a panic and millions of investors were wiped out. Unemployment levels began to rise after consumer spending and investment dropped, while stock prices continued to increase. Companies started to lay off their workers, and soon nearly thirteen to fifteen million people in America were without jobs.

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775 Words | 4 Pages

People sell more stocks the lower the stock fall. As a result, the market crashed. Americans became unemployed and could not pay rent so they became homeless and started to live in dirty conditions. Americans could not even afford to buy food for their families and so they started to wait in line for free food. It was completely based on luck; some people got food and some starved.

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The Great Depression is the worst economic downturn that America has ever experienced. Over a ten year period lasting from 1929 through 1939, America witnessed hardships like no other. At the lowest point in the Great Depression nearly 25% of Americans were out of work, and that rate increasing by twelve thousand every day. The Great Depression made many people question the “American Dream” and people were weary of the future. Many effects came out of the Great Depression, one being more government programing.

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he Great Depression was a time of huge economic downfall. During this time period people lost their homes, money, and everything they had ever earned. Millions of people were affected, including the middle and lower classes, who would just become poorer. People in upper classes, even dropped to the lower class. This downfall began on October 29, 1929, and the leading cause was the crash of the stock market.

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In the 1930s the United States of America dealt with the Great Depression with this cause there's a reason behind the story The timing and severity of the Great Depression varied greatly from country to country. The Great Depression was long and deep in the United States Perhaps unsurprisingly, the worst recession the world economy has ever experienced has a variety of causes. financial panic and misguided government policies will depress U.S. economic output. Although the government was struggling with the Great Depression and created the New Deal programs to support people, ultimately the more significant changes were in the economy unemployment and banks would close and society a huge increase in job losses and homelessness.

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The Great Depression started in 1929 when the stock market crashed. The banks didn’t have enough money to give. President Hoover was a bad president and then when FDR took over he wanted to change it. Hoover did one thing by making the Hoover Dam and saving money by making water into electricity. The Great Depression was the worst bankruptcy in America's history.

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In the 1930‟s and years to follow, a lot of people in the U.S felt the hardships that had been caused by the “Great Depression”. Families in the Plains, a term used to refer to the areas near Oklahoma, Colorado, Texas, Nebraska, and Kansas, were hit hard by the Dust Bowl, to make matters even worse, Dozens of “dust storms” obliterated people's crops , for some the only source of money. Millions upon millions of acres of land became full of dust that the soil was not suitable for the growth of food anymore. This made life even more difficult for the people in this region because their homes, the only places they have ever known, had become ruined and torn down due to the sheer amounts of dust. This setback had caused a lot of people to pack

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527 Words | 3 Pages

The Great Depression was a time of economic destress in the United States that eventually affected the whole world. The stock market crashed causing chaos among the people. Everywhere people were going to banks demanding they get their money back. However, these banks were not prepared for this and did not have the money to give back. As banks began to fail, business failed as well.

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The stock market crash of 1929 is often viewed as what started the Great Depression. However, the crash was not the cause of the depression but one of several factors that contributed to it. One possible cause of the Great Depression was the rapid expansion of credit in the 1920s, which led to a boom in consumer spending and stock market speculation. This created a false sense of prosperity, which eventually led to the crash. Another possible cause of the Great Depression was the unequal distribution of wealth in the United States.

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439 Words | 2 Pages

In the 1920s to 1930s the US had experienced some immeasurable and distressed times known as the Great depression. People had difficulty doing basic things like providing food for their families, getting jobs and having a stable income. The segregation between black and whites did not stop even in these terrible times. The food crisis was a significant problem during the Great Depression.

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The years prior to World War II little hope or improvements for Blacks. It was a time characterized by the realities of Jim Crow and poverty. The Great Depression of the 1930's had double the impact on many Blacks, who were already living below the poverty level before it began. For Southern Blacks, the burden of day-to-day struggle to survive in a society of sanctioned racism had gotten heavier.

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The great depression affected a lot of people, especially the farmers due to price drops. The great depression caused one of the biggest unemployment rates in the World. This depression caused a lot of countries like France and Britain to collapse. The great depression caused a lot of businesses and banks to get closed due to the inability to not pay their workers or because or bankruptcy.

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242 Words | 1 Pages

Wall Street would cease to exist, and the dollar would be worth nothing. There would be uprisings, chaos, and crime without consequences. The citizens would have a more active role in society since there would be no government to oversee it. The people that would still be wealthy are those that invested in things that cannot lose value such as natural resources like fuel, oil, and coal (to name

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