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The Stock Market crashed
16 million dollars of shares in New York city in one single day, wiping out thousands of investors and putting thousands of people were out of their jobs. Recover -
Unemployment and Presidential election
During 1929 to 1932, the country economically declined. Unemployment rates hit 22.9% and bank failures lost depositors life savings. A large amount of Americans lost their homes and farms. While all of this was happening, Roosevelt won the Presidential election of 1932. Relief -
Roosevelt's first inaugural address
When the market was at its lowest point, Roosevelt got on his presidential stage and spoke out to the citizens of America. This gave us the memorable speech "We have nothing to fear, but fear itself." Reform -
The Beer-Wine Revenue Act
The Beer-Wine Revenue Act ended prohibition and taxes on alcohol to raise revenue. Relief -
Home Owner's Act of 1933
The Home Owner's Act of 1933 assisted mortgage lenders and individual home owners by issuing bonds and loans for troubled mortgages, home owners' insurance, and necessary home repairs. Relief -
The Banking Act of 1933
Otherwise known as the "Glass-Steagall Act," it separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation. Reform -
The Dust Bowl
Otherwise known as Black Sunday, this was the worst dust bowl any farmer has ever seen. All crops were destroyed by dirt and insects that the dust brought along with it. FDR passed the Soil Conservation Act to show farmers how to preserve their crops. Recover -
Securities Act Exchange of 1943
The act was created to govern securities transactions on the secondary market, ensuring greater financial transparency and accuracy and less fraud or manipulation. It also monitors the financial report that publicly traded companies required to disclose. Reform -
All-American Canal
The canal is a U.S. Bureau of Reclamation project of one of the many Bureau water delivery projects made possible with funding assistance from the Public Works Association. Reform -
Treasury Section of Painting and Sculpture
Its purpose was “to secure for the Government the best art which this country is capable of producing, with merit as the only test. This sadly met its end when Edward Bruce, the director of the program, passed away in 1943. Reform