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Great Depression Dbq

775 Words4 Pages

The Great Depression started in 1929-1939 and lasted for a decade. The cause of the Great Depression was the market crash. Americans were eager to get rich quickly so they started to buy stocks on margin but the plan backfired. Investors began to worry that the stock prices would fall so they began to sell off their stocks. Those who lent money depended to repay their loans. People sell more stocks the lower the stock fall. As a result, the market crashed. Americans became unemployed and could not pay rent so they became homeless and started to live in dirty conditions. Americans could not even afford to buy food for their families and so they started to wait in line for free food. It was completely based on luck; some people got food and some starved. …show more content…

It was important because it gave people the hope to fight the Great Depression and people were now confident and motivated to fight the problems. FDR made the New Deal a set of laws and regulations affecting banking, the stock market, industry, agriculture, and public workers' relief for the poor. Roosevelt created CCC to employ young people to work on environmental jobs. This was important because young men can now support their families and put food on the table for them. President Roosevelt also passed NIRA. The goal of it was to boost the economy by helping businesses regulate themselves; it also established PWA; which led to the hiring of people for public work projects; it boosted the economy. The New Deal began to recover from the worst of the depression. The New Deal was effective because it gave jobs to young men now they could support their families and put food on the table for them. Americans began to recover from the worst of the depression. People were in less debt burden to pay off their loans on their houses. Americans gained greater freedom under the new deal and the future of the Americans was more

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