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  • The Great Depression was caused by many reasons like the Stock Market Crash of1929, bank failures, Reduction in Purcashing across the board, American Economic Policy with Europe, and Drought Conditions. The most effective issue was the Stock Market Crash of 1929 because so many Americans relied on the Stock Market for a living.
  • Hoover strived for citizens to have Rugged Individualism which was when people are self-sufficient and don't rely on outside help. This caused Hoover to be afraid to use the government to help because he couldn't see how big of a threat the Great Depression was.
  • Unemloyeement and homeless rates spiraled out of control since many citizens were not able to get jobs. Due to this Hoovervilles formed which were a group of od makeshift shelters for the homeless. They were often made up of cardboard or any materials they can find. The living conditions in these Hoovervilles were unsanitary and gloomy.
  • Once Franklin Roosevelt took office he instantly began starting on programs like the new deal, which caused about 15 more programs, helped suffering American citizens. These programs also helped bank because some backed them up so they would not run out of money.
  • Along with the New Deal Roosevelt created the second Bill of Right. Which ensured financial security for American citizens. I disagree with it because people will become too reliant on the government for help.
  • I feel like the New Deal was a failure. However, it did help but only for that moment. In the long run, it prolonged the end of the Great Depression.
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