-
Economic recession starts
Income, Production, Prices lower. -
Herbert Hoover becomes 31th U.S. president
Weak president -
More than 50% Americans don't have money for necessities.
People suffering, most in poverty. -
Stock Market Crash
October 29 = Black Tuesday. $16 billion loss in -
GNP falls
9.4% loss -
GNP falls again
8.5% loss -
Great Depression peak
GNP declines greatly, unemployment inclines greatly. -
Franklin D. Roosevelt becomes 32nd president
Roosevelt overthrows Hoover's weak presidency