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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 During his presidency he repealed prohibition.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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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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1.The robber barons were Andrew Carnegie JP Morgan and John D. Rockefeller. These individuals were known as robber barons because they were eliminating competition by high pricing and overcharging while managing their monopoly. 2. Trunk lines were four major railroad networks that emerged after the civil war which connected eastern sea ports to western rivers as well as great lakes. The federal government loaned $65 million to western railroads and donated millions of acres.

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Hoover carried the blame for the Depression. The American people believed that he wasn’t doing enough in attempt to alleviate such a ruinous economic depression, so in the election of 1932 they demanded a change. Winning by a landslide, democrat Franklin Delano Roosevelt took over for Hoover and went on to become the longest-serving president in American history. Roosevelt believed that the government had to play a stronger role in the economy if America was to see any future prosperity. In his first inaugural address, Roosevelt utilizes metaphorical language, a personal and honest tone, and pathos in attempt to revive the lost trust and confidence of the American people in its federal government.

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Many Americans lost all their money to the stock market when it crashed in 1929. Americans looked to President Hoover to end the depression. Most of Hoover’s policies were not likely to end the Great Depression. For example, President Hoover believed if the government could save business’ like banks, railroads, insurance, etc. that it would stop business collapse.

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President Franklin Roosevelt administration to the problems of the Great Depression. The Great Depression which lasted from 1929 - 1939, had more than one cause for happening. The Stock Market Crash, on October 29, 1929, had production declining and unemployment rising. After two months, stockholders had lost more than $40 billion dollars.

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546 Words | 3 Pages

Franklin Roosevelt had a positive effect on people and gave many people hope. He told Americans that there was nothing to fear except for fear its self. That speech gave many Americans hope, the Americans believed that Franklin Roosevelt would help them get out of the Depression. FDR also introduced many new ideas such as the New deal and the Programs in the New Deal. He also held fireside chats that explained the New Deal and Defend the New Deal.

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1177 Words | 5 Pages

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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The organized labor of 1875-1900 was unsuccessful in proving the position of workers because of the future strikes, and the intrinsical feeling of preponderation of employers over employees and the lack of regime support. In 1877, railroad work across the country took part in a cyclopean strike that resulted in mass violence and very few reforms. An editorial, from the Incipient York Time verbalized: "the strike is ostensibly hopeless, and must be regarded as nothing more than a rash and splenetic demonstration of resentment by men too incognizant or too temerarious to understand their own interest" (Document B). In 1892, workers at the Homestead steel plant near Pittsburg ambulated out on strike and mass chaos the lives of at least two Pinkerton detectives and one civilian, among many other laborers death (Document G).

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Did you know the Great Depression was the deepest and longest economic downturn in the history of the western industrialized world?The lowest point for America where the economy was at a severe downfall. The Great Depression started on October 29,1929, ended in 1939.How America was able to overcome the Great Depression was because of World War II and big government military spending that finally broke the depression’s back (Doc.5). In these hard times for America it; was able to sustain itself over the downslide of falling stock prices and when the stock market crashed. The Great depression was one the most difficult time for Americans where there were people in severe poverty and often jobless. The causes of the Great Depression was speculation,

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Answer: Many people agree that the Great Depressions had and holds a lasting impact on the people of New York. Many people lost their jobs, homes, lives. In this search for something to help make everything better, people found that "Happiness lies not in the mere possession of money; lies in the joy of achievement, in the thrill of creative effort...". Throughout the Great Depression Franklin D. Roosevelt (FDR) helped the people of New York get through this rough period in time.

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“In the United States history of unions, early workers and trade unions played an important part in the role for independence” (Union Plus). In 1866, the National Labor Union (NLU) ambitiously tried to achieve equal rights for women, African Americans, and mandate eight-hour work days. They managed to convince Congress to adopt the eight-hour work day, but only for federal employees. The American Federation of Labor (AFL) with approximately 1.4 million members was successful in wage negotiation, and enhanced work conditions for its members. “A combination of factors contributed to the debilitating Panic of 1873, which triggered what the public referred to at the time as the “Great Depression” of the 1870s” (OpenStax College, 2014).

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Following Hoover’s presidency and his neglect towards the American people’s livelihoods, Americans believed they needed a president that would prioritize tending to the country’s own needs rather than international conflicts; thus, Franklin D. Roosevelt was elected the 32nd president of the U.S. in 1933. President Franklin D. Roosevelt's leadership during the Great Depression was distinguished by expansive government intervention and a fundamental shift in the role of the federal government in the economy, both of which are a stark contrast to Hoover’s leadership style. Roosevelt rejected the idea that the depression was solely a result of external factors, instead attributing it to systemic failures in the U.S. economy, hence his choice to focus on bettering the nation’s economy and the quality of life for his citizens, though he did essentially sacrifice the U.S.’s “spot on the world stage” in doing so (Lecture). He demonstrated a willingness to try new approaches, such as with his use of radio broadcasts to communicate directly with the American people in his famous "fireside chats"

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1310 Words | 6 Pages

After the end of the World War I, United States’ booming economy took a drastic turn, which led United States to the worst economic depression in history. During the 1920s, the United States had a good, solid economy, and a strong stock market. The consumer economy of United States was strong because of new products, higher wages, lower prices, advertisements, and credit. The President of United States from 1923 to 1929, Calvin Coolidge, believed in Laissez faire, which was a belief that the government should leave the economy alone. The most valuable economy of United States took a downfall on October 29, 1929, when the stock market crashed; it is also known as Black Tuesday.

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The Great Depression. During the Great Depression President Roosevelt tried many remedies to stop the depression from getting worse. He introduced many Acts to help. When Roosevelt was elected as president he made Americans a promise to help them get back on their feet (Florida Center for Instructional Technology).

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550 Words | 3 Pages

Early labor unions went through a lot to get to where they are. Some succeeded and some failed. The National Labor Union was the first national work organization in the United States. Established in 1866 and broke down in 1874 and was driven by William H. Sylvis. The National Labor Union took after the unsuccessful endeavors of worker activists to shape a national coalition of neighborhood exchange unions.

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