Black Tuesday Dbq

After the crash, many business failed, banks closed, and because of that, lots of workers were out of job. Homes and farms had been lost to foreclosure. In 1933, the government finally decided to do something, congress passed the Securities Act of 1933, which required companies that sold stocks and other securities to communicate important information to consumers and set up systems to prevent fraud. The law was strengthened in 1934 when congress created the Securities and Exchange commission (“Black Tuesday”). Herbert Hoover, the president of US during this event, thought the stock market would get better within 60 days (Stock). The crash also helped lead to the onset of the Great Depression by undermining confidence in the economy, but it

Also, almost immediately after Roosevelt became President he closed all banks for four days. He then called a special session of Congress, together they created the Emergency Banking Relief Act. It set up a system so the banks could reopen or reorganize. Document 2 also says that Roosevelt communicated with the public over the radio, assuring Americans that their money would now be safe in banks. People began depositing their money again the next day after. There were also a few solutions for the people who didn't have jobs and money. The Federal Emergency Relief Administration (FERA) gave federal money to state and local agencies. These agencies then distributed the money to the unemployed. Also, the CCC (Civilian Conservation Corps), a New Deal program that hired unemployed men to work on natural conservation projects. The Works Progress Administration (WPA) came into existence in 1935. The WPA put the people who didn't have jobs to work, by making clothes and building hospitals, schools, parks, playgrounds, and airports. In order to help farmers, the President asked Congress to pass the Agricultural Adjustment Act (AAA). Under the AAA, the government paid farmers not to grow certain crops. These are some of

Many believed that Black tuesday began the Great Depression, on October 29, 1929 a group on panicked sellers traded nearly 16 million shares on the New York Stock Exchange causing the Dow Jones Industrial Average to fall. Others believe it was the stock market crash in 1929, or that Black tuesday was just the begining triggering the stock market to crash causing the Great Depression. As soon as president Franklin D. Roosevelt came into office he began searching for ways to better American life as quickly as possible. He proposed a series of programs through The New Deal, these programs created jobs for many unemployed men, while others offered aid, created the FDA so people know whats in the products they're purchasing, and banking acts to

At the peak of the Great Depression in 1932 over 12,060,000 citizens were unemployed and the rate of deflation exceeded 10% (John C. Williams1). Millions of individuals were starving on the streets and billions were lost on the stock market (History.com2). When Franklin Roosevelt released the New Deal in 1933, a plan to provide relief, reform, and recovery to the distressed country, Americans were in dire need of relief. President FDR acted quickly and implemented a series of programs aimed towards providing an immediate stop to the economic free fall and providing relief to his people (DPLA3). In his effort to reduce the severity of poverty and unemployment, FDR released programs to aid business and labor, farmers, housing and homeowners,

The nation had just fell into its largest economic depression it had faced ever. President Herbert Hoover had been blamed for his lack of control and care for the impending crash of the stock market. Roosevelt was tasked with pulling the country out of its depression and returning it to its full potential. The New Deal is characterized by the three R’s, relief for the unemployed, recovery of the economy through federal spending and job creation, and reform for the legislation to regulate the economy. To accomplish this Roosevelt had to expand the scope and size of the federal government in the economy and regarding welfare. The New Deal began with the creation of what’s known as the “alphabet soup” of agencies due to their simple abbreviations.

After president Hoover’s failed attempts to fix the problem It was up to FDR to take a more hands on approach with the New Deal. FDR’s New Deal was a successful way of handling the depression which provided the nation with some relief by directly helping the needy, accelerating the economy’s healing cycle and restoring the faith and confidence of the American people. When millions of americans had lost their jobs/ money something needed to be done.

During the Great Depression many new deal agencies and oppositions rose to help get people out of the Great Depression. Franklin D. Roosevelt came up with a plan called the New Deal, which was to indicate relief to the country during this rough time. The country severely needed help to recover and reform the country. Franklin D. Roosevelt’s responses to the Great Depression were the New Deal but despite his efforts it was not as effective as he thought it was going to be. His plan was short term but the overall major change was the expansion and dependence of the government.

The Great depression started October 24, 1929. The stock market started at 305.85 and it was decreasing 11% through out the day. When Monday came around it decreased another 13% finally when it came to Black Tuesday is when it went down hill. It dropped another 11% and around 16 million shared were sold

By the time Frankly Delano Roosevelt became the president the Great Depression was in full swing. People lost their jobs, ran through saving, home, and above all else lost their self worth. In the 1920s there was an image of what the structure of the family should resemble, the father leaving to work and bring a paycheck (the breadwinner) and the mother at home caring for the children, cleaning, and having dinner ready for her husband (the housewife). Nevertheless, the depression shattered this image and President Hoover refusal to intervene only exacerbated the problem and when the reality of the depression was not going away, he did try to stimulate the economy by proving money to banks and public works except it was too late. Once FDR was

To put it another way, 12,830,00 were unemployed in 1933 (Carter, Jimmy). On the contrary, if those who worked, they had extremely small wages. Nonetheless, millions of people were migrating across the nation to seek for food or jobs. Especially in 1930-36, More than a million acres of farmland were rendered useless in the Southwest and Midwest, of course hundreds of thousands of farmers joined the ranks of unemployed ( “Causes of the Great Depression” 2016.) . Oakies, migrant agricultural workers from Oklahoma, were migrating the west, few found jobs. Since there were no jobs available, families often couldn’t afford for food. For example, Boyer and Stuckey (2003) wrote, “ Poverty-stricken men and women waited in bread lines for bowls of soup and pieces of bread given out by charitable organizations (p. 450).” People leaving homes due to payments of rents moved to Shantytowns, makeshift shelters. This also made families fall apart. Shantytowns were also called Hoovervilles, because they were blaming an unresponsive president for their plight. To end that, percentage of unemployment remained

The great depression was a hard time form many people. The most affected people were the farmers. They had to give up so much just so they could live. many of them had to sell most of their cattle so that they could buy food and clothes. Roosevelt made a plan to help all of them. He came up with this plan by going out to see what was really going on. He talked about how dry it was and how the people were struggling just to survive. This idea consisted of employing all the farmers affected by the drought. This idea was one of the best ideas he had ever had in my opinion.

There were many causes of the great depression. The main thing leading everything else to happen was when the stock market crashed. The day known as “Black Tuesday” was the day the stocks completely crashed.

President Franklin D. Roosevelt undertook many various measures in his first term to help relieve the human misery in America. He created a plan called, the New Deal, which had a wide variety of different programs under it to help bring America out from The Great Depression. During the 1930’s the economy crashed, and businesses were closed, jobs lost, and people became homeless or starving. The Great Depression turned for the worst with the stock market crash of 1929 and lasted until the start of the second world war. The people were looking up and relying on the president to help them and Roosevelt had to act. The New Deal was created to provide security and a safer employment viewpoint. Some of the New Deal programs included the; Federal

The Great Depression created many hardships for the American people, as well as the government, to overcome. During the depression, America saw its highest unemployment rate in history. People were losing their homes in the cities and farms in the countryside. Franklin D. Roosevelt’s experimental outlook helped bring the U.S. economy out of the Great Depression. He once said “take a method and try it. If it fails, admit it frankly and try another” (Tindall and Shi). This mindset was essential in bringing American out of the Great Depression.

In the 1930’s America faced a time of economical crisis that will become known as the Great Depression. It started with the stock market crash in 1929. Some stocks were being traded at 50 times their actual worth and it lost 12 times the money that the federal government uses in a year (Source A). 80% of American families had no money is savings and were unable to support their families (Source A). Banks became unstable and in the last 60 days of 1930, 600 banks closed and by 1933, 28 states had no banks. (Source A). By 1932 12 million people were unemployed and 34 million had no source of income (Source A.) During this time President Herbert Hoover was in office and he believed in having a small federal government and that in time the economy would eventually fix itself. Hoover planned to give money to the big businesses so they would hire people and give them a source of income so they could buy good and give the businesses money and the cycle would continue (Source B). The public became outraged at the plan and in 1933 Franklin Delano Roosevelt replaced him as President. Roosevelt came up with a plan called “The New Deal” to fix the Great Depression and it would provide many Americans with jobs and give help to many