Great Depression Dbq

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The Great Depression had a massive unemployment and accompanying hardship in 1930. Big banks and businesses had weak systems. In fact, they were margin buying, which is buying numerous stocks while most of the money was being borrowed. In 1913, the Federal Reserve system was created. The majority of Americans banks were small but, individual institutions that had to rely on their own resources. When there was a panic, depositors rushed to take their money out of their banks. The Reserve System wasn’t capable of giving the money because there wasn’t enough on the reserve. On account of this, world trade fame to a halt. Germany had to fork out 33 billion dollars in reparations pay without borrowing money from American banks. In addition to

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