Great Depression Dbq

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Recommended: The stock market crash of 1929

The summer of 1929 was the beginning of a recession for the American people, and many were optimistic in it passing quickly. On October 29, 1929, also known as Black Tuesday, the stock markets crashed and sent the world into an economic depression that did not end until the year 1939. This depression, known as the Great Depression, was the most dynamic, deepest, and longest depression that the Western World had ever experienced.

Many historians state that it wasn’t one single incident that caused The Great Depression but a combination of many. During the 1930’s over 9,000 banks failed. Bank deposits were uninsured and this meant people lost their savings that was on deposit. Surviving banks, unsure of the economic situation and concerned

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