1921-1941

By jennifermartin

  • Warren G. Harding is elected

    Harding was elected president in a landslide by promising a "return to normalcy."

  • Stock Market Crash

    In 1929, stock market prices plummeted. Ten billion dollars in investments vanished. This caused many people financial troubles.

  • Franklin D. Roosevelt was elected

    Roosevelt was elected in 1932 with promises of a new deal for the American people.

  • American Agricultural Administration (AAA)

    The AAA aimed to increase prices of agricultural goods by offereing cash incentives to voluntarily limit farm production. Less product, means higher prices. This helped farmers come back from financial troubles they have been in.

  • National Recovery Administration (NRA)

    This allowed businesses to establish "codes" to coordinate prices, regulate production levels, and establish levels of employment. With this, businesses also agreed to reasonable wages and hours.

  • Roosevelt Recession of 1937

    This was an economic downturn during the Great Depression. It was not as bad as the beginning, but still not good.

  • Fair Labor Standards Act

    This act set a national minimum wage of $0.25 an hour.

  • Bombing of Pearl Harbor

    In 1941, the Japanese Navy struck the US military base at Pearl Harbor. This killed 2,403 people and led to the United States' entry to WW2.