-
Herbert Hoover
Herbert Hoover wins the 1928 presidential election in an overwhelming victory -
It's Coming
Stock Market starts to take a plunge and a turn for the worst. -
Black Tuesday
Stock market crashed. People stuck in debt. Said crash signaled the Great Depression. -
Period: to
The Great Depression
Probably the U.S.A.'s darkest and most horrible time ever -
Panic
People tried to withdraw whatever money they had. 600 banks failed. 90,000 businesses went bankrupt. Unemployment went from 3% to 25% in 5 years. -
Dust Bowl
Severe drought that gripped the Great Plains in the early 1930's. Dangerous to many farmers. -
Hawley-Smoot Tariff
Toughest tariff in U.S.A. history. It raised tariffs on imported goods. -
Federal Home Loan Bank Act
15,000 WW1 veterans go to Washington to support this bill. -
Rejected
Senate votes against Patman Bill. 2,000 Bonus Marchers refuse to leave, which ends with an infantry gassing them. -
Franklin Delano Roosevelt
FDR wins presidency and creates the New Deal -
Second New Deal
Roosevelt called for improved use of national resources, security against old age, unemployment and illness, and slum clearance, as well as a national work relief program (the Works Progress Administration) to replace direct relief efforts. -
Social Security Act
Old-Age pension, unemployment compensation, and aid to families with disabled and/or dependent children. -
Hindenburg
Orson Wells' radio show 'War of The Worlds' broadcasts the Hindenburg crash. -
Fair Labor Standards Act
Maximum Hours: 44 per week. Minimum Wage: 25 cents per hour. -
Gone With The Wind
1939 movie dealing with the life of Southern plantation owners during the Civil War. -
Ending
New Deal ended. FDIC, deficit spending, and NLRB
