Black Tuesday Dbq

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Recommended: Introduction to the 1929 Wall Street stock crash

On October 29th, 1929, the stock market crashed and the day became forever known as “Black Tuesday.” Along with the stock market crash, low interest rates, reduced government intervention, stretched loans and expansion, installment plans that created superficial wealth, the farming crisis, decay in core industries and forced bank foreclosures created a downward spiral for most Americans and in the end pushed them over the edge into the great depression. U.S citizens turned to Herbert Hoover for an answer, but in to end were disappointed in the core efforts to fight off this major crisis and so in the election of 1932 things took a new twist when Franklin Delano Roosevelt was elected 472 votes to 59. With the Bank in crisis and citizens panicking Roosevelt rushed into the first 100 days of office enacting the New Deal. Roosevelt actively worked to provide relief for the needy, economic recovery and financial support during his …show more content…

As expressed in Document B, a Letter to Senator Robert Wagner, on March 7th, 1934 it is expressed that pace is exceeding towards communist and Socialist ideas and that the only thing coming out of Washington D.C is more unemployment. A fear of social Darwinism is also expressed in Document C, the Evening Star, were Roosevelt can be seen pointing to 4 cards following the growth of a trees, saying “it is Evolution not Revolution Gentlemen!” In response to these negative implications Roosevelt came out with the Second New Deal which incorporated the Social Security Act, allowing old age insurance for most

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