What Caused The Great Depression Dbq

The Great Depression was a time of sadness. Many people lost their jobs, and lost all of the money that they had in the bank. They were bankrupt. 25 percent of the people in America were unemployed. This had skyrocketed from 3 percent. There were many reasons why the Great Depression started. One of these reasons was the stock market crash. The stock market was skyrocketing, and there were people called margin buyers, ones who would borrow money and put it in the stock market in hopes of gaining money. However, when the stock market crashed, these margin buyers lost all of their money, and were even in debt. Then there was overproduction, which led to people not being able to afford things, and then they had to fire many people because they couldn’t sell anything, and then more people couldn’t buy anything, and it was a vicious cycle of downwards death. Roosevelt's plans to help America from the Depression were ineffective. …show more content…
The programs did not do much to help the people that needed it. Some people who were growing crops had to sell their farms for a car and some gasoline, and move to the west. Some of them would starve to death because they couldn’t find a good place to live in (Document 6). They had no place to live, and they could only find a little to eat, and it would not be enough most of the time. According to Jim Powell, the author of FDR’s Folly, How Roosevelt and His New Deal Prolonged the Great Depression, says that FDR was taking away money from the South, the place where poverty was most common, and transporting it to the North and West, where the average income was 60% higher than in the South. He didn’t see a point in giving money to a place where voters were already voting for him. He was essentially vying for more votes in the North and West, knowing that he had more votes in the South, FDR also spent a lot of America’s money on his programs and many of them were