7.2

By aaron123445

  • World War I Ends

    Britain, France, the US, and other allies defeat Germany, ending World War I, billed as “the war to end all wars.”
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    Great Depression

    https://www.federalreservehistory.org/time-period/great-depression

  • The Wall Street Crash Sparks the Great Depression

  • Banking Panics of 1930-1931

    The U.S. appeared to be poised for economic recovery when a series of bank panics began in fall 1930

  • Reconstruction Finance Corporation Act

    During the years 1932 and 1933, the Reconstruction Finance Corporation effectively served as the discount lending arm of the Federal Reserve Board.

  • Banking Act of 1932

    Reformed the Federal Reserve’s role providing credit during economic downturns.

  • The Emergency Relief and Construction Act of 1932

    The Emergency Relief and Construction Act expanded the Fed's ability to make certain loans under "unusual and exigent circumstances."

  • Bank Holiday of 1933

    For an entire week in March 1933, all banking transactions were suspended in an effort to stem bank failures and try to restore confidence in the financial system.

  • Roosevelt's Gold Program

    The Roosevelt administration's policies in 1933-34 regarding gold and dollars were both controversial and consequential.

  • FDR inauguration

  • Emergency Banking Act

    The 1933 law was aimed at restoring public confidence in the nation’s financial system

  • Banking Act of 1933

    effectively separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation, among other things. It was one of the most widely debated legislative initiatives before being signed into law by President Franklin D. Roosevelt.

  • Gold Reserve Act of 1934

    Signed by President Franklin D. Roosevelt, the Act was the culmination of Roosevelt’s controversial gold program. The Act transferred ownership of all monetary gold in the United States to the US Treasury and prohibited the Treasury and financial institutions from redeeming dollars for gold.

  • Banking Act of 1935

    In August 1935, President Franklin D. Roosevelt enacted significant reforms to the Federal Reserve and the financial system, including increasing the independence of the Fed from the executive branch and shifting some powers formerly held by the Reserve Banks to the Board of Governors.

  • Recession of 1937-1938

    Lasting from May 1937 until June 1938, this recession was America’s third-worst downturn of the 20th century. With real GDP dropping 10 percent and unemployment hitting 20 percent, it was less severe than the recessions of 1920 and 1929.

  • The Desert Fox Arrives

    German General Erwin Rommel takes command of the Afrika Korps, seeking to drive the British out of North Africa.
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    World War II

    Germany invades Poland, inciting Poland’s allies Britain and France to declare war on Germany.
    https://www.pbs.org/wgbh/masterpiece/specialfeatures/world-war-ii-major-events-timeline/#

  • Soviet Union Invades Poland

    Working in concert with Hitler, Soviet leader Joseph Stalin orders the invasion of Poland, securing a share of Polish territory.

  • Warsaw Captured

    Warsaw surrenders to German troops. Poland holds out for another 9 days before capitulating.

  • UK Wins War's First Sea Battle

    British cruisers defeat a German pocket battleship at the Battle of the River Plate, the first major naval engagement of World War II.

  • Norway Invaded

    Germany invades Norway, ending a 6-month period of limited land operations called the “Phony War.”

  • Churchill Becomes Prime Minister

    Winston Churchill replaces Neville Chamberlain as British Prime Minister. The same day, Germany invades Belgium.
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    Miracle of Dunkirk

    The trapped British army evacuates to England from Dunkirk, France, surviving to fight another day.

  • Paris Falls to Nazis

    Paris falls to German forces. France capitulates 11 days later
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    Britain Fights For Its Life

    The Battle of Britain pits German bombers against British fighters in a thwarted German prelude to invasion.
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    The Blitz

    German bombers target major cities in Great Britain and Northern Ireland, killing over 40,000 civilians and leveling over a million homes.
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    Operation Compass

    Armies of Great Britain and its empire defeat Italian forces for control of Egypt and eastern Libya.

  • Hitler Launches Operation Barbarossa

    Opening what will become the bloodiest front of World War II, massive German armies invade the Soviet Union