Great Depression

By krystal_storm

  • stock market crashed

    stock market crashed
    The U.S. stock market crashed in a catastrophic economic disaster. The total losses for the month of October reach $16 billion.

  • drought

    drought
    A severe drought started in the Great Plains area ruining millions of farmers. The condition lasted until 1935.

  • bankk collapsed

    bankk collapsed
    The Bank of the United States in New York collapsed. It had more than $200 million in deposits and represents the largest single bank failure in the nation's history.

  • The Reconstruction Finance Corporation

    The Reconstruction Finance Corporation
    The Reconstruction Finance Corporation began lending money to states. The funding is used for relief and public works projects

  • president

    president
    Roosevelt sworn in as president.

  • The Work Progress Administration

    The Work Progress Administration
    The Work Progress Administration (WPA) was established and employed up to 8.5 million people on public works and arts projects. These workers earned $41.57 per month.

  • Preparations for World War II

    Preparations for World War II
    Preparations for World War II stimulated the American economy, helping to bring an end to the Great Depression.