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Period: to
1929-1939
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Stock Market Crash
Banks are closing because of the people running to get their money from them. The banks do not have enough money to sustain all of these people. The influence of these banks closing is that there are barely any to keep money and they cannot make any profit. -
Smoot-Hawley Tariff
FDR won the election by a landslide over Hoover. FDR proved new hope for the people during the great depression, compared to Hoover who did not help people during the depression. -
Food Riots Begin
Banks throughout the US were closing down because of the bank runs. People wanted to get their money out of the bank, but they did not have the money for them. This caused the banks to shut down and close completely. -
FDR Elected as President over Hoover
In the 1932 presidential election, Roosevelt defeated Republican President Herbert Hoover in a landslide. -
11,000 Banks closed out of 25,000
This was the court packing system FDR wanted to install into the court. This failed and did not help neither depression nor FDR. The influence is that this could have hindered FDR's ability to help the depression to his full extent, and fix it completely. -
Gold Reserve Act
This was the first radio broadcast from FDR, telling the US that they were indeed in a depression but he had a plan and was going to help. This brought hope to the people, and kept them fighting to get out of the depression. -
The Works Progress Administration is Formed
Americans are put to work doing many types of jobs. -
Social Security is Formed
The Social Security Act is signed, giving money each month for senior citizens. -
The Economy Declines Again
More Americans lose their jobs. Many people began to think that life will never go back to normal. -
The Beginning of World War II
Nazi Germany invades Poland’s capital in a huge attack aimed at surrounding it.
