ipl-logo

Great Depression Dbq Essay

766 Words4 Pages
bulb-icon

Recommended: Factors that led to great depression

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, …show more content…

Income distribution is “wages earned across a company, industry etc”(investors.words).Now how did income distribution play a role in leading to the great depression? In an article, I read that was called How to live on Forty Cents a Day (doc.7).With this, I believe the reason why this article was given this name is to show the extremity of what some people have to actually use to life off daily.In the article, it was about cotton mill owners and the workers.Which the workers family name was Gladys Caldwell.Their weekly income for their household was 10.00 dollars.Now how does this family income connect with income distribution? The money given out to families is like a widespread poverty in America that hurts big business.If only the rich people buy and the poor don’t buy they can lose their jobs cannot afford the luxuries then there isn’t money to make a profit. Which leads companies lay off workers and the laid off workers don’t have a job now They can’t buy from companies so then companies cannot make a profit. According to document 9 with the article, the poverty line for the average American family in 1929 was 1,500-2,000 dollars.The percentage of the time for most American families lived at or below that line in 1929.The connection between the documents stated earlier is the poverty was huge.Uneven income distribution helped cause the great depression because people were losing jobs

Show More
Related
362 Words | 2 Pages

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.

Read More
634 Words | 3 Pages

Following the end of the First World War, the United States was initially prosperous. In 1929, that prosperous age about-faced into a downward spiral that enveloped the entire country. What was eventually called the Great Depression was essentially caused by four major events. At the start, the stock market was strong and thriving and the population was willing to invest in it. Americans were so confident in the market, in fact, that it was common for them to take out loans to fund their investments.

Read More
710 Words | 3 Pages

Throughout the many years of the Great Depression, the American economy plummeted greatly because of ongoing issues throughout the United States. The American market, and essentially continuously buying, are what keeps an economy in any country moving. The points at issue which allowed the economy to go down consist of three major factors. All three of these aspects took a great amount of citizens down along with all of their profits. Families, businesses, and employees struggled to stay standing during this time period.

Read More
653 Words | 3 Pages

The Great Depression was a severe worldwide economic depression that took place during the 1930s. The article by Edwin Gay and pictures compiled by Cary Nelson are both descriptions of how the Great Depression was and the several impacts that it had on the American economy. The range of the great depression is unprecedentedly wide according to Edwin Gay. The great depression was believed to have started from the collapse of the US stock market in 1929. This was shown in a picture as compiled by Cary Nelson

Read More
754 Words | 4 Pages

One of the quotes from the book that will always be in my mind is “the most significant fact about the Depression era may well be that it was the only time in the twentieth century during which there was a major break in the modern trends towards social disintegration and egoism.” This era made a lot of people including the rich and middle class realize just was being poor felt like. This quote shows that the Great Depression did not discriminate against a specific

Read More
543 Words | 3 Pages

Before the Great Depression, consumer and production peaked in the 1920s. This era seemed incredible but didn’t do well because it lasted about ten years and declined industrial production. A mass percentage of males were unemployed which added all up seemed to change the economy during the 1920s but a ton. A big crisis that is now known as the Great Depression started on October 24, 1929, and it ended in 1939, also known as Black Thursday. There was a significant change in American wives' lives during the 1920s.

Read More
835 Words | 4 Pages

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.

Read More
608 Words | 3 Pages

Roderick Karami History 118 Professor Bowerman November 16, 2015 Mid Term / Essay Number Two . The Great Depression in the United states started October 29, 1929 also known as “Black Tuesday” which was when the American stock market which was doing very well ended up crashing, causing the country into its biggest economic fall to this day. President Franklin Roosevelt took over office in 1933, he acted immediately to stabilize the economy and provide jobs to those that were in need. Upon the next eight years the government experienced programs relatively known as the New Deal that aimed to restore the economy.

Read More
800 Words | 4 Pages

In the following days of October, an incredible misfortune occurred. This event would soon be known as “Black Tuesday”. This unfaithful day was the day where the stock market plummeted leading to a great crash in the economy. This led plenty of individuals to become homeless and live in a state of poverty. Many of these individuals began to create their own society's known as Hoovervilles.

Read More
1742 Words | 7 Pages

The Hard Times which took place in the United States not only affected the stock market itself and the banking system but it also left its mark on the day to day lives of Americans. During the Great Depression, middle-class Americans were drastically affected in several ways. Families from different ethnic, religious, regional backgrounds reacted to the depression in various manners. In 1933, the average household income dropped to $1500 which is 40 percent less than that in 1929 family income of $2300.

Read More
502 Words | 3 Pages

The Great Depression The Great Depression was by far one of the worst times of America’s history, and the world’s history. The Depression affected everyone except for the politicians and the wealthy. During the depression a lot of people lost their jobs which caused the unemployment rate to sky rocket to 14% of America’s population was unemployed, and the number would stay their till World War 2, and the depression started in the 1920’s. Middle class workers were hit the hardest in the depression. Most of the middle class citizens lost their jobs.

Read More
526 Words | 3 Pages

Extreme poverty was really big during the Great Depression. During the time, there weren't many nice houses like everyone would want to live in. In the second and fifth picture, it illustrates what people had to call "home". Many houses were taken away from them during the Great Depression and was never given back to them. Most of the houses that the people lived in after the Great Depession weren't safe at all.

Read More
726 Words | 3 Pages

The majority of people made under 2,000 dollars a year (Document 9) which was considered the bare minimum to live off of, the buy all of the basic essentials. These people didn’t have any money to spend on luxury items and couldn’t buy on credit. During this time, some companies priced their goods at a higher price than the majority of people made in a year, like boats that were priced anywhere from 10,000 dollars to 35,000 dollars (Document 8). With nobody to buy from them, these businesses were left without a profit and began going bankrupt. An average family before the depression with two people working full time jobs only made around twenty dollars a week (Document 7).

Read More
522 Words | 3 Pages

The number of distribution companies that offer this service is enormous and we will look closely to only three of them: CD Baby, Spinnup and Awal. CD BABY is not only a digital aggregator but also an online music store specializing in the sale of CDs, vinyl records and music downloads. This platform might be good for those who would also like to sell music in physical format. CD Baby (2016) claims that ‘they have grown to become a global leader in independent music distribution … paid out over $250 million to their artists… [and have more than] 300.000 artists who sell their music on CDBaby.com’. They do not charge annual fee but they charge upfront fee and take 9% revenue of the distributed music.

Read More
750 Words | 3 Pages

Nishat kazi (Muniya) 11th grade The Great Depression was one of the worst downturn of economy in the history that took place during the 1930s. It had a catastrophic effect in countries on both rich and poor. Though there are a lot of causes behind the Great Depression,the main three causes were-1.Bank failure 2.Stock market crash 3.laissez faire.

Read More

More about Great Depression Dbq Essay

Related Topics

Open Document