Great Depression Dbq

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Overspending by Americans in the Roaring Twenties, the increase in bank offered credit, the rise and final crash of the stock market all took part in causing the Great Depression (“The Great Depression”, n.d.). These were times the wealthy saved their money and the middle class had taken on too much debt putting them in the same place as the poverty-stricken. Proceeds in this time made by the owners of the manufactures and other profitable companies were held close at hand. Workers couldn’t keep up with the times nor were their pockets becoming larger at the larger demands were upon them; thus, most losing their jobs in the end. Disbursement of monies was hugely lopsided and President Hoover with his minimalist approach did not try to correct this. When he won his election, he had led the nation to believe the U.S. was well on its way to ending poverty altogether; however, within an instant, this dream and his words fell short. His support from the people lowered every year he was in office and finally crashed as did the stock market. …show more content…

President Hoover did not believe help from the government and legislation would help the U.S.

He is one that made his own way in life. With this, he believed this was the right way for the people and the government, to achieve economic success. As separate entities not as one nation working together to make it through this (Schultz, 2014). The business owners, citizens, and government needed to be a team. Hoover did not see this, nor did he allow it. He saw this as forceful and government handouts. He wanted voluntary cooperation, one for another; however, to achieve this asking would not be enough. Laws were needed and as he could not open his eyes to this, he, in turn, failed in all aspects of this. One term I know well from my Chief, a very wise man I work for, that Hoover lacked knowledge of is that there is no I in TEAM. We, the U.S. needed and still need to be a TEAM not individual’s hopeful for oneself

alone. Reference Schultz, K. (2014). HIST3: U.S. History since 1865. Student edition. Volume 2. Retrieved from https://www.betheluniversityonline.net/cps/default.aspx?SectionID=6666&tabid=154#3 The Great Depression. (n.d.). Retrieved from http://www.ushistory.org/us/48.asp

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