Great Depression Dbq

It all began with the stock market crash of October 1929. One of the main reasons the stock market crashed is because some of the largest tycoons all the way down to janitors put their savings into stocks causing the stock market to experience rapid expansion. The stock market began to be in debt due to unemployment and production issues. According to the text, “The Great Depression”, “production had already declined and unemployment had risen, leaving stock prices much higher than their actual value. Additionally, wages at that time were low, consumer debt was high, the agricultural part of the economy was struggling due to drought and falling food prices and banks had an excess of large loans that could not be paid back”.

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.

After the end of World War I the Untied States entered a period of the Roaring Twenties. During the Roaring Twenties, production was high, spending was high, and the Stock market increased by over four hundred percent. By 1929, stocks were overpriced, factories were overproducing goods, and bad credit all climaxed with the collapse of the American economy. By the time the United States realized what was wrong the economy was plunging with no end in sight. In an attempt to prevent the collapse JP Morgan invested one hundred million dollars into the stock market to try and calm people and prevent selling.

This quote exemplifies how America’s debt was no longer an embarrassment and people bought without concern for consequences. With a mindset such as this, it was inevitable that the day would come when the economy would face these repercussions of speculation. On October 29,

The purchase of a stock with hopes that the value will increase but not actually knowing it will is known as speculation, this combined with the heavy use of installment buying caused many people to fall into extreme debt, creating an unstable economy and leading to the Great Depression. Since it was no longer seen as shameful to be in debt, the American people were now taking advantage of credit and installment buying (Document 6). People wanted to maintain this new standard of living and did so by amassing large amounts of debt through this buy now, pay later system. This acceptable economic prices, combined with the speculative purchase of stocks led to a detrimental economic downfall. The prices of stock were driven up based on this speculation instead of any increase in the profits of the business (Document 5).

The 1930’s was one of the worst decades. The stock market crashed, sending the country into economic depression. Many people in the lower class lost their jobs as businesses shut down. The presidential election of 1932 was affected majorly since a number of the people hated Hoover’s response to the economic crisis. Conditions were really bad, especially for African Americans.

As you may know, The Great Depression was one of the worst economic downturns in U.S. history. There are many debates on what caused The Great Depression some examples are, corporate leaders blame the depression on the result of a lack of business confidence in businessmen and how they were reluctant to invest because they feared the government regulations and high taxes. The Hoover administration blamed international economic forces therefore which should stabilize the currency and debt structure. New dealers argued that the depression was due to under consuming and that low wages and high prices had made it difficult to find a product of the international economy and that the lack of determination had led to economic collapse. But I also believe that the main factor of the Great Depression was the stock market crash of 1929.

America faced many adversities in its past, one of its greatest adversities was not war nor disease, but in fact, an economic disaster. In the years of 1929 – 1939, America suffered exponential damage to its economy and stock market. The Great Depression had severe effects on the United States such as an economic crisis, the need for a new president, a call for action, and as seen in Of Mice and Men, the cause for migrant workers. The peak of the great depression was unarguably the hardest time of the whole great depression. Between the peak and the trough of the downturn, industrial production in the United States declined 47 percent and real Gross Domestic Product fell to 30 percent (Benson, “The Great Depression”).

What had people gone through in the Great Depression? During the Great Depression, many people had suffered. It had brought the whole economy down and many people lost hope. At this time the Great Depression had affected many people, which had in turn impacted other people and companies. With a lack of money people were fun activities were cut to a minimum, and many were left homeless and some took their lives.

"In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man" (qtd. in “False Hope: Famous Quotes during the Great Depression”). The Great Depression was the worst and longest economic downturn of the United States. It left 13 to 15 million Americans out of work, hundreds of thousands of businesses to close down, and almost half of the country’s banks to fail (Sennholz). Although many think the Great Depression was caused by the stock market crash of 1929, it was only a symptom of a slowing economy that had gone unnoticed, and the most significant cause of the Great Depression was the overproduction

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

The Great Depression was caused by speculation and installment buying, income maldistribution, and overproduction because each of these factors combined made the economy worse before and after the stock market crash, which led to The Great Depression. Speculation and installment buying helped caused The Great Depression because people were buying so much stuff on credit, when

During the Great Depression the unemployment rate went up, they were forced to eat at soup kitchens or go through garbage cans for food, and they even had to build shelter out of cardboard. The first underlying cause of the Great Depression was underconsumption and overproduction. Many things contributed to the underconsumption of goods. The production line kept producing goods even when people could not afford to buy them.

The Great Depression occurred when the stock market crashed, obliterating millions of investors in 1929 and lasted until 1936. The American population spent savings on buying into stocks. Moreover, stocks were being sold at prices much higher than their actual value; thus, leaving stocks worthless and millions broke

Before the Stock Market crash of 1929, America went through a decade of prosperity and social change known as the Roaring Twenties. New fads and numerous inventions emerged throughout our country. Many people bought on credit and as a result, our economy flourished. However, many Americans failed to realize this would be one of the underlying causes leading to the Great Depression. For instance, “Most people bought, but many couldn’t afford to pay the full price all at once.