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Great Depression Dbq

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Although the 1920’s were booming and prosperous, the United States soon entered a prolonged economic depression. In October of 1929, prices in the stock market began an uneven downward slide (Document 2). As investors decided that the previous boom in the stock market was over, they sold more stock, thus causing the declination to increase even further. Many citizens of the United States were greatly affected by this. Families who had invested in stock lost most, if not all, or their life savings. This period was impacted countless economic problems. During the Great Depression, the slowdown in sales caused many companies to lay off workers. This put quite a lot of Americans out of work. By 1933, more than twelve million people were unemployed

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