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Business Prosperity between 1919 and 1929
Economic growth came because of the increased use of oil and electricity. The manufacturing process was made more efficient by the adoption of improved methods of mass production. -
League of Nations
The League of Nations is established by the ratification of the Treaty of Versailles, ending the hostilities of the first World War. -
18th Amendment
Women get the right to vote. U.S. grants universal women' suffrage. -
Fordney-McCumber Tariff Act of 1922
Warren Harding increased the tariff rates under the Fordney-McCumber Tariff Act of 1922. -
Start of Great Depression
Millions of people invested in the boom market of 1928- and millions lost their money in October 1929, when it collapsed. Other reasons were the uneven distribution of income, stock market, speculation, excessive use of credit, overproduction of consumer goods, weak farm economy, government policies, and global economic problems. -
Effects of the Great Depression
The Great Depression's influenced American thinking and policies. Various economic statistics serve as indicators that track the health of a nation's economy. By 1933, the number of unemployed had reached 13 million people. The crash ended the Republican domination of government. -
Hawley-Smoot Tariff (1930)
In June, 1930 the president signed into law a schedule of tariff rates that was the highest in history. It set tax increases ranging from 31 percent to 49 percent on foreign imports. -
The Election of 1932
The depression's worst year happened to be a presidential election year. Democrats vs Republicans. Republicans renominated Hoover, while Democrats nominated Franklin D. Roosevelt. The winner was FDR. FDR an only child from a wealthy New York family. While the presidential campaign he was governor of New York. -
21th Amendment
FDR kept a campaign promise to enact the repeal of Prohibition and also raise tax money by having Congress pass the Bear-Wine Revenue Act. -
Neutrality Act of 1935
This act authorized the president to prohibit all arm shipments and to forbid U.S. citizens to travel on ships of all belligerent nations. -
Neutrality Act of 1936
This act forbade the extension of loans and credits to belligerents. -
Neutrality Act of 1937
This act forbade the shipment of arms to the opposing sides in the civil war in Spain. -
Hitler broke Munich agreement
Hitler broke Munich agreement by sending troops to occupy all of Czechoslovakia. -
Invansion of Poland
German tanks and planes began a full-scale invasion of Poland. Keeping their pledge, Britain and France declared war against Germany. World War II in Europe had begun. -
Selective Service Act
Roosevelt pushed neutrality back one more step by persuading Congress to enact a law for compulsory military service. This act provided for the registration of all American men between the ages of 21 and 35 and for the training of 1.2 million troops in one year. -
Soviet Union Invaded
By December 1941, the battlefront in Europe had shifted from the west to the east. Breaking his nonaggression pact with Stalin, Hitler had ordered an invasion of the Soviet Union. -
Lend Lease Act
Roosevelt proposed ending the cash-and-carry requirement of the Neutrality Act and permitting Britain to obtain all the U.S. arms it needed on credit. -
Pearl Harbor
Japanese planes from aircraft carriers flew over Peal Harbor bombing every ship in sight. The American people were stunned by the attack on Pearl Harbor. -
Declaration of War against Japan
Congress acted immediately by declaring war, with only one dissenting vote. Three days later, Germany and Italy honored their treaty with Japan by declaring war on the U.S. -
War Production Board
Early in 1942, the War Production Board (WPB) was established to manage war industries. -
Atomic Bombs
On August 6, an A-bomb was dropped on Hiroshima, and on August 9, a second bomb was dropped on Nagasaki. About 250,000 Japanese died. -
Invasion of North Africa
North Africa is invaded by the United States and Great Britain. -
Battle for Kasserine
The United States encounters its first major defeat in the European theater of World War II at the Battle for Kasserine Pass in Tunisia. -
Unemployment Disappeared
U.S. industries did a booming business, far exceeding their production and profits of the 1920s. The depression was over, vanquised at last by the coming of war. -
The United Nations
Delegates from 50 nations assembled in San Francisco, where they took only eight weeks to draft a charter for the UN. The Senate quickly voted to accept U.S. involvement in the UN. -
Atomic Energy Commission
The Atomic Energy Commission is established.