Great Depression Dbq

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The great depression was an economic problem in the United States that started with the first domino to fall in 1929 with the stock market crash. In one day alone the United States lost over 14 billion dollars which this dramatic loss alone America’s industries would slowly start to fall 2 months after the crash in, stockholders had lost more than $40 billion dollars. During the 1930s, more than 9,000 banks failed. Bank deposits were not insured and, therefore, as banks failed, people simply lost their savings. The surviving banks, wasn’t willing to create any new loans to protect their own survival. This exacerbated the condition leading to fewer and fewer everyday expenditure. Decline of purchases in all areas: with the economic failure

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