-
stock market sees its catastrophic crash sending wall street into a panick
-
the gnp falls another 8.5 percent. unemployment rises to 15.9 percent.
-
This and the next year are the worst years of the Great Depression. For 1932, GNP falls a record 13.4 percent; unemployment rises to 23.6 percent.
-
Roosevelt inaugurated; begins 'First 100 Days'; of intensive legislative activity. Third banking panic occurs in March. Roosevelt declares a Bank Holiday; closes financial institutions to stop a run on banks.
-
The economy turns around: GNP rises 7.7 percent, and unemployment falls to 21.7 percent. A long road to recovery begins.
-
Economic recovery continues: the GNP grows another 8.1 percent, and unemployment falls to 20.1 percent.
-
top tax rate raised to 79 percent. Economic recovery continues: GNP grows a record 14.1 percent; unemployment falls to 16.9 percent.
-
Roosevelt seeks to enlarge and therefore liberalize the Supreme Court. This attempt not only fails, but upsets the public.
-
The year-long recession makes itself felt: the GNP falls 4.5 percent, and unemployment rises to 19.0 percent.
-
The United States will begin emerging from the Depression as it borrows and spends $1 billion to build its armed forces. From 1939 to 1941, when the Japanese attack Pearl Harbor, U.S. manufacturing will have shot up 50 percent.
-
hitler starts world war two when he invades poland.
-
theodore roosevelt is elected for his third term as presidnt of the united states.