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Stock Market Crash of 1929
The Wall Street Stock Market Crash is known to be the beginning of the Great Depression. Many people wished to get rid of their investments in the stock market as soon as possible. The crash has many causes, including the rise of unemployment. -
Dust Bowl Begins
The Dust Bowl was due to a long drought in Midwest farmlands. This then lead to a dust storm which traveled far though America. Not only did this storm cause less farming, but it continued to hurt the economy. The storm lasted for 6 years. The death toll was around 7,000. -
Construction Starts on the Hoover Dam
The Hoover Dam construction in Nevada was quite dangerous. However, it provided jobs for thousands of construction workers. The Hoover Dam was also the first dam made of concrete. Now, many dams are also made of concrete. The dam was opened March 1, 1936. -
Franklin D. Roosevelt Elected President
The election of FDR brought new hope to ending the Great Depression. Despite efforts from Hoover, his approach to ending the Depression weren't working well. Using Hoover's failures to campaign, FDR promised recovery from the Great Depression with a "New Deal". -
War Veterans Bonus March
After seeing the struggle with banks, World War 1 veterans decide that they would like their pensions now. These veterans marched on Washington DC. However, the government was unable to provide the money to the veterans. This resulted in a forceful removal of the veterans from the capital. The act appeared very wrong, since the government was using force against men who served the country. -
New Deal
The New Deal's focus was the unemployment of citizens during the Great Depression. This was part of the emergency relief needed during these troubling times. The New Deal consisted of public work projects, financial reforms, and work regulations. The New Deal was in place from 1933 to 1939. -
Emergency Bank Act
During FDR's presidency, the Emergency Bank Act was passed. This stated that all banks were to be closed in order to inspect funds. The government hoped this would show that the nation's financial system can be trusted. -
Glass-Steagall Act
The Glass-Steagall Act separated commercial and investment banking. This also created the FDIC, Federal Deposited Insurance Corporation. Overall, the act insured certain bank deposits in order to be more reliable for the people. -
Second New Deal
The Second New Deal is the second stage of President Roosevelt's New Deal plan. The Second New Deal had plans to improve workers' treatment by employers. This is later put into place by multiple acts created, such as the Wagner Act and the Fair Labor Act. -
Wagner Act
The Wagner Act allowed labor unions and collective bargaining. This allowed organized bodies of employees negotiate both payment and other working conditions. Not only will working conditions become safer, but people have the possibility of getting paid more during this troubling time. -
Golden Gate Bridge was finished
The Golden Gate Bridge is a great suspension bridge that set the design for other suspension bridges to come. The bridge represents progress in America. Finished close to the end of the Great Depression, the Golden Gate bridge can show the hard work of the American people through difficult times. -
Fair Labor Act
The Fair Labor Act was put in place in order to regulate multiple aspects of working. The act's most important parts were stating minimum wage, discussing overtime, and recordkeeping. This helped lay out the expectation in payment to employees.
