Great Depression Dbq

Everything was normal, people were happy with jobs and being able to provide a home and food for their families. Until things weren’t normal. The stock markets crashed on October 29, 1929. This was the beginning an economic downfall throughout the nation and most of the world. Many people had lost their jobs and were homeless. Poverty increased as more people lost their jobs. There were troubles everywhere. Banks were closing and other countries were getting affected by this terrible economic downfall. At one point the economy was down by 33%, the unemployment rate was 25% and banks were going bankrupt. This was the start of the Great Depression. The two presidents at this time were Herbert Hoover and Franklin Roosevelt. They brought the nation

Congress responded by establishing the Reconstruction Finance Corporation and signed a bill authorizing $2 billion in spending in order to save businesses.” Hoover asked Congress to lend money to save our institutions. In return the Congress granted 2 billion dollars to do so. This supports the claim that the economic decisions were most effective to bringing this crisis to an end because the 2 billion dollars were used to save the banks and other businesses. This way people would get jobs to work at these businesses. Also it would also decrease the unemployment rate. In the long term effect people would recieve money for their families and be able to support them. Also according to “Two Presidents and the Depression” it states, “He did not think it was fair for people to run a debt that their children and grandchildren would have to pay back. He also believed that if the government kept on borrowing money, it would be much harder for businesses to borrow and start producing again.” Hoover wanted to bring the Great Depression to an end and the best way he thought was to end debt. This supports the claim that the economic decisions were most

According to “Two Presidents and the Depression” it states, “...Hoover called business leaders to meet him in Washington. He then asked them to keep up production and not to lay off workers or cut wages.” Hoover didn’t want there to be a decrease in employment. This supports the claim that social decisions were most effective to bringing this crisis to an end because the people will still be getting paid, so they are able to support their families. This also will help the U.S. end the downfall because there is minimal change to the way the businesses work and how the workers will live. There would be less poverty and the workers would be able to support their families. Also, according to “Two Presidents and the Depression” it states, “The most immediate crisis was the problem of massive unemployment. Roosevelt proposed a number of solutions. The FERA (Federal Emergency Relief Administration) was created to funnel money to the states so they could rapidly create jobs for the unemployed.” There is a way to decrease the amount of poverty. This supports the claim that social decisions were most effective to bringing this crisis to an end because there would be less people unemployed. The workers will be able to support themselves and their families. A decrease in the employment rate would mean an end to the downfall because when people are getting paid they can start to pay off