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    The Great Depression

    Uploaded by

    Myles Peterson
    The document provides instructions for a writing assignment about the causes and effects of the Great Depression. It asks the student to write three paragraphs: one on the causes and effects on people, one on the Hoover administration's response, and one reflecting on a photograph from the era. The causes included stock market speculation and crashes, leading people and businesses to stop spending, causing further economic decline. Hoover initially raised interest rates and passed tariffs that backfired, though he created some relief programs. The photograph depicts two families living on the side of the road, reflecting the hardship many faced during the Depression as the father struggles to provide for his children during difficult times.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    The Great Depression

    Uploaded by

    Myles Peterson
    152 views3 pages
    The document provides instructions for a writing assignment about the causes and effects of the Great Depression. It asks the student to write three paragraphs: one on the causes and effects on people, one on the Hoover administration's response, and one reflecting on a photograph from the era. The causes included stock market speculation and crashes, leading people and businesses to stop spending, causing further economic decline. Hoover initially raised interest rates and passed tariffs that backfired, though he created some relief programs. The photograph depicts two families living on the side of the road, reflecting the hardship many faced during the Depression as the father struggles to provide for his children during difficult times.

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    the great depression

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    The document provides instructions for a writing assignment about the causes and effects of the Great Depression. It asks the student to write three paragraphs: one on the causes and effects on people, one on the Hoover administration's response, and one reflecting on a photograph from the era. The causes included stock market speculation and crashes, leading people and businesses to stop spending, causing further economic decline. Hoover initially raised interest rates and passed tariffs that backfired, though he created some relief programs. The photograph depicts two families living on the side of the road, reflecting the hardship many faced during the Depression as the father struggles to provide for his children during difficult times.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    152 views3 pages

    The Great Depression

    Uploaded by

    Myles Peterson
    The document provides instructions for a writing assignment about the causes and effects of the Great Depression. It asks the student to write three paragraphs: one on the causes and effects on people, one on the Hoover administration's response, and one reflecting on a photograph from the era. The causes included stock market speculation and crashes, leading people and businesses to stop spending, causing further economic decline. Hoover initially raised interest rates and passed tariffs that backfired, though he created some relief programs. The photograph depicts two families living on the side of the road, reflecting the hardship many faced during the Depression as the father struggles to provide for his children during difficult times.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    04.

    05 Assignment 

    In the lesson, you read about the causes of the Great Depression and how the U.S. government 
    reacted to it. You also saw how Americans were affected by these hard times. 

    Write ​three​ paragraphs explaining the causes and effects of the Great Depression and reflecting on 
    the experience of those who lived during this time. 

    Your well-developed response should thoroughly address each of the following in one paragraph: 

    ● the causes of the Great Depression and how people were affected by it 
    ● the response by the Hoover administration to the distress 

    As you write your third paragraph, look at the photograph shown on this screen. It was taken by 
    Dorothea Lange of two families on the side of a highway in Bakersfield, California in 1935. 
     

    Library of Congress [LC-USZ62-131673] 

    ● Explain how the photograph reflects the experience of those who lived during the Great 
    Depression. Be sure to make connections between what you have learned in the lesson and 
    specific details in the photograph.

    There were many things that contributed to the cause of the great depression. The stock market
    was one of the main contributors. During this time, the stocks that were being sold exceeded
    their actual value. Meaning that companies were selling more shares then they were worth.
    People who weren't able to afford to buy stock upfront bought stock on margin. This meant that
    they took out loans to buy stocks and planned to pay the loans back once the stocks became
    profitable. In October 1929, the stock market began to decline. Once the decline started brokers
    issued margin calls meaning that anyone who had bought stocks on margin had to pay back the
    loans they took out. Everyone began selling their stocks in an attempt to get their money back.
    This caused the market to crash even further. The market crashed around 24 percent between
    black monday and tuesday. This crash caused American citizens to no longer trust the
    American economy and stop spending their money. This caused businesses to no longer profit
    as much therefore have to lay off employees. With more people losing their jobs, even less
    people were spending their money. This cycle caused businesses to profit less, and Americans
    to earn less.

    The federal reserve responded to this crisis by raising the interest rates. They did this to try to
    protect the value of the dollar in the international market. However the result of this was that
    people weren't able to get loans in order to purchase new things so the market continued to
    crash. President Hoover was not a believer in government intervention in economics. Once the
    depression hit it was clear that America needed some type of help from the government. Hoover
    signed the Smoot Hawley Tarrif which placed high tariffs on goods imported to the U.S. This
    was an attempt to support American businesses and encourage consumers to put their money
    back into the American economy. This act backfired and ended up bringing down the whole
    worlds economy. Hoover also designed the RFC a program designed to provide aid to banks
    and farming operations. Despite this unemployment kept rising and most of America turned
    against Hoover.

    I am the man standing. I am the father of these children. So far the children have been taking
    this as a fun road trip. Luckily we have been able to provide them with enough food to keep
    them healthy and nourished. Myself as well as the other adults have not been as fortunate. This
    whole situation is very stressful. It is hard for me to understand how the dust bowl could affect
    everyone in our area so severely. I am scared for the future and am praying that I am able to
    find a job in the city and begin providing for my family again.

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