Preview

Summary: Two Causes For The Great Depression

Good Essays
Open Document
Open Document
305 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Summary: Two Causes For The Great Depression
From your text and the materials, examine two causes for the "Great Depression" and then discuss two remedies to correct those deficiencies provided by FDR’s "New Deal". In your response, consider the role of government in the 1920s, the changing economic model, the impact of the "Great Depression" on American society, the significance (or lack of significance) of Unions, and the role of racism.

Although there were many causes for the Great Depression, I’m going to elaborate on the ‘Dirty Thirties’. Times were hard, 60% of Americans did NOT make enough money to support a family of four. Many people lost their homes due to not being able to pay their mortgage or rent. The Dirty Thirties made things worse. Every year from 1932 to 1939

You May Also Find These Documents Helpful

  • Good Essays

    DBQ: The Great Depression

    • 531 Words
    • 3 Pages

    The Great Depression was caused by three major factors. The first was because of the collapse of the stock market and fear came as a result.The second was because of the high unemployment of civilians. The third and last was because of the act of protectionism the United States enforced. These all contributed equally to the Great Depression of 1930.…

    • 531 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The Great Depression had many causes that built up to make it as big as it was. During World War I the U.S. had loaned supplies and money to their European Allies; not having these supplies or money caused the countries to go into debt making the depression go worldwide. The U.S. had a weak economy. There was an inability of the political and financial institutions to cope with the downward spiral that had started in the late twenties. Even after political intervention fifteen percent of the work force were unemployed. The biggest cause of the Great Depression was the 1929 Stock Market Crash. On October 29, 1929 stock market prices dropped dramatically and continued to drop for the next three years. “Stock prices in the United States continued to fall, until by late 1932 they had dropped to 20% of there value in 1929”(Britanica 1).…

    • 2193 Words
    • 6 Pages
    Better Essays
  • Good Essays

    After the roaring twenties was the dirty thirties which started with the stock market crashed and marked the beginning of the Great Depression and consisted of Dust Bowl in South. Great Depression was the worst economic downturn in american history with millions of dollars loss in stock market crash. Many reasons contributed to rise and deepening of the great depression. Unequal distribution of wealth, unemployment and failing to…

    • 950 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The Great Depression was the main event in 1930s. The main cause of the Great Depression was the decline in spending which led to the " decline in production as manufacturers and merchandisers noticed an unintended rise in inventories", the source of the…

    • 2011 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Short Answer Response #1 The Great Depression was the most horrific economic depression ever in US history and lasted from 1929-1939. Many leading factors led to the Great Depression. The primary cause was when the stock market crashed in 1929. Known as “Black Tuesday,” the market lost 12% of its value and over $14 billion of investments.…

    • 657 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Great Depression Dbq

    • 1188 Words
    • 5 Pages

    The Great Depression was a very struggling time for Americans. Some believe the Stock Market crash caused the Great Depression but according to Bowles, “in reality, it was not the sole cause,” (2011). As there were more causes for the Great Depression, three of them were:…

    • 1188 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    A. Heading: * Address (imaginary) * City, State (imaginary) * Date (Month, Day, Year in the 1930s) B. Greeting:…

    • 2178 Words
    • 9 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Great Depression was a terrible stock market crash known as Black Tuesday. This occurred on the day of October 29, 1929. On Black Thursday stocks dropped 11% and regained 2%. But then on Black Tuesday it dropped another 11% which caused everyone to be scared. The stock market crash was the main reason of America's great depression. There was also the Dust Bowl which was the major drought that mainly affected the states of Texas and Oklahoma. It also touched the adjacent sections of New Mexico, Colorado, and Kansas. Many farmers could not pay their taxes and had to sell their farms for no profit/gain for themselves. There was also all the bank failures that caused many people to lose their savings. These 3 main things caused about 15 million…

    • 295 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    During the 1930’s the great depression affects many people. Some people got affected in ways you would never expect. A lot of people were losing their jobs. This caused more poverty in the US. Streets were becoming filthy because there wasn’t any plumbing and all in all, the US was going down hill.…

    • 525 Words
    • 3 Pages
    Good Essays
  • Good Essays

    During the 1930’s or as the others know as the dirty thirties came the great depression. The great depression is the longest economic downturn in the history of the Western industrialized world. This happened in North America, Europe, Canada and many more places around the world. People went through a lot during the great depression and lost many people. It also made the employment rate drop in increasingly numbers.…

    • 440 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Great Crash of 1929 brought American to the great depression that was the longest, deepest and the greatest widespread economic depression of the 20th century. Before “Black Tuesday” America’s economic and production was at an all-time high. The prices of the stock exchange continued to increase upward, which created a sense of security related to the profits. There were a few warning signs of disaster, nevertheless, it was not bold enough to overcome the “chatter of the ticker-tape machine”. On October 29, 1929 the stock market had a catastrophic crash, which sent the American economy to swirl downwards. One of the causes of the crash was triggered the British. The British raised interest rates in an effort to bring back investment that was lured away from American…

    • 393 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The great depression was caused when the stock market crashed. The beginning of the Great Depression was on Oct. 29, 1929 that day is now known as Black Tuesday. Sellers were panicking because there was no buyers. Share prices deflated and margin loans came due. Another reason for the Great Depression was because of terrible banking systems there were banks that ran independent and unregulated. When the stock market crashed many banks failed to stay open about 11,000 banks were closed.…

    • 605 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The cause of the Great Depression are said to be many. But here are a few reasons such as the stock market crash in October 1929. This was said to be the beginning, but economist believed that this would have caused just another recession. Many countries debts were raised as well as its citizen's debts. The central bank saw this increasing debt in each country so they decide to pull the paper money out of the system by any means necessary, and they reduced the production of paper money. Businesses could renew their loans, and new business couldn't get loans at all to invest in their businesses.…

    • 367 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Great Depression

    • 578 Words
    • 3 Pages

    America was very prosperous and the people reflected in high spirits and happy times. During the era of the “Roaring Twenties” America went through a Cultural Revolution. This cultural revolution lead us to a “Great Depression.” The great depression came about after the 1932 elections and is resulted by an unequal distribution of wealth, over production of goods, and an economic boom. Their were many different contradictions to what lead to the “Great Depression.”…

    • 578 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Have you ever wondered what caused the Stock Market Crash of 1929? Have you ever wondered what life was like during the great depression? Have you wondered why these two events were so significant? Well these things and more I will tell you about in my essay.…

    • 56 Words
    • 1 Page
    Satisfactory Essays