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Great Depression Dbq

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The Great Depression occured October 29, 1929. The stock market crashed. The value of stocks plummeted $14 billion dollars, also known as “Black Tuesday.” There were many causes of the Great Depression such as, unhealthy corporate and banking structures, unsound foreign trade policy (Hawley- Smoot Tariff Act), economic misinformation, unequal distribution of income, and supply-side economics. Capitalism did not self-reform and was not a dependable system for majority of people. Herbert Hoover prevented immigrants from entering the country. He did not believe in government help, wanted de-regulation ( “intelligent cooperation”), and wanted supply-side economics. In relation to corporate and banking structures, people were buying …show more content…

Over 5,000 banks closed. There were massive layoffs, unemployment rate reached 25%, and industrial production fell by 50%. Cotton fell to 5 cent a pound and tobacco fell to 8 cent. Many people were homeless and there was child labor. Franklin Delano Roosevelt is Dutch and from an aristocratic family. Roosevelt won election in one of the biggest landslides in presidential history. During his inauguration speech he said, “The only thing we have to fear is fear itself.” He believed the way to get out of the Great Depression was to stimulate the economy from the bottom up. He also persuaded congress to pass 15 major pieces of legislation in his 1st 100 days. During his presidency he repealed prohibition. The New Deal was to relief, recovery, and reform. Some policies that Roosevelt put in place to end the Great Depression includes Emergency Banking Act (EBA), Created Federal Deposit Insurance Corporation (FDIC), Agricultural Adjustment Act (AAA), Civilian Conservation Core (CCC), Works Progress Administration (WPA), Tennessee Valley Authority (TVA), Homeowner’s Loan Corporation, Glass Steagall Act, WAgner Act, Securities Exchange Act, Social Security Act, and the National Recovery Act (NRA). The New Deal was successful because it started getting the United States out of the Great Depression, but World War II is what really helped the United States. Without World War II it would have taken longer for …show more content…

Knights of Labor was founded by Tene Nce Powderly which believed in socialism and the way to change the system was through education. This was one of the biggest and most influential union of the 1800s. There are unions for teachers which allows them to teach their classroom how they want to. The teacher had the choice whether or not to use multiple choice, not use textbooks, and freedom of thought. Anarchists mostly came from Germany, which was based largely in Chicago. It was the most radical group and had a saying, “dynamite is the great equalizer.” 200 were shot at Haymarket Chicago in 1886. May Day, which is May 1st that is international workers day. It celebrated worldwide but not in the United States.Labor unions were necessary in order to improve workers conditions. Labor unions were successful because now workers have lunch breaks and have the weekends off. Workers demand higher wages during the Homestead Strike. There was a 3 mile, 12 feet high, birwire fence with holes for snipers, pinkerstins, weapons, patrolling river. Shots were fired, 160 strikers were charged, equped, they were let go because the people in the jury, but they did not win. There was also a raise of

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