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The Roaring 20´s
Age of prosperity in the United States that brings economical and cultural state to the top, that was after the WWI -
a great time
the people on United States don't know how to buy anymore and start investing to buy stocks, the time passes and in the year 1929 the stole wealth was the double and investments were up to 218% -
The Black Thursday
Stock prices immediately fell 11%. Wall Street bankers bought stocks, so only 2% was lost by the time the market closed. -
The Black Monday
The stocks decrease another 13% -
Smoot-Hawley Tariff Act
Hoover signed the Smoot-Hawley Tariff Act, which raised taxes on 900 imports. It originally was supposed to help farmers but ended up imposing tariffs on hundreds of other products. -
The fall of the United States Bank
t was the fourth-largest bank in the nation, and the largest bank failure in history at that time. -
Food riots broke out in Minneapolis
he economy shrank 6.4%. The unemployment rate rose to 15.9%. Prices fell another 9.3%. -
Revenue Act of 1932
Hoover signed the Revenue Act of 1932. It increased the top income tax rate to 63%. He wanted to reduce the federal deficit. -
A new hope
The Civil Works Administration created 4 million construction jobs. -
the begging of o good seed
The economy grew 10.8% in response to the New Deal Programs. Unemployment fell to 21.7%. -
HI Hitler!!!
Hitler invided Poland starting the WWII -
the seed grows
The economy grew 8.8%. Unemployment fell to 14.6%.