Great Depression Dbq Essay

The United States entered a period of economic catastrophe known as the Great Depression following the 1929 stock market crash. The political, economic, and social institutions of the United States were terrible during this period of time .Though there is not a specific reason for the Great Depression there are obviously contributing factors such as the overproduction of goods and the 1929 Stock Market Crash which is often said to have been the main leading factor to this catastrophe. The American people and the American government looked for solutions to the issues that Americans faced throughout the 1930s. Among the solutions, President Roosevelt introduced programs known as the ‘New Deal’ which were meant to relieve the American people and get the economy back on track. And so did the First Lady, Eleanor Roosevelt as she heard the American people and sought to aid them and bring them stability.

According to Document A, the farming industry in America was overproducing goods in an unprecedented amount, they were producing far more goods than they could sell which caused a decrease in demand and prices. The farming industry fell and was left with no money and goods they could not sell because of the overflow of production. As this was happening, The stock market had reached previously unheard-of heights and some investors were taking advantage of the historically low interest rates to purchase stocks, driving up prices even further. According to document B, The Boom in the Stock Market on Wall Street ended in a Crash. Thousands, if not millions of Americans lost all their life savings within days. Fortunes disappeared within days and people surrounded the banks in an effort to withdraw their life savings which was often too late causing panic. This caused the political, economic and social organizations in the US to collapse to all-time