Great depression

Great Depression

By spencerbotner

  • 1928

    1928
    November- Herbert Hoover is elected president.

  • 1929

    1929
    March 4th: Herbert Hoover is sworn into office.
    September 3rd: The dow reached a closing record of 381.7
    October 28: Black Monday- stock prices fell 13%
    October 29: Black Tuesday- stock prices fell another 12%

  • 1930

    1930
    June 17: Hoover signed Smoot-Hawley Tariff Act, which raised taxes on 900 imports, setting off a trade war, international trade collapsed as a result.

  • 1931

    1931
    February: Food riots begin to break out in parts of the United States.
    April 11: The Empire State Building is completed.

  • 1932

    1932
    Unemployment Rises to 23.6 percent and over 10,000 banks have failed since 1929.
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    July 2: Presidential candidate Franklin D. Roosevelt makes his "New Deal" speech.
    July 28: The Bonus Army of U.S. veterans march on Washington and demand their bonus pay. They are removed by the U.S. Army by force.
    November 8: Franklin D. Roosevelt is elected president.

  • 1933

    1933
    March 4: The "First One Hundred Days" of Roosevelt's presidency begins. Over 15 new laws are quickly enacted to fight the Great Depression.
    March 9: The Emergency Banking Act becomes law.
    May 12: The Federal Emergency Relief Act and the Agricultural Adjustment Act are signed into law.
    May 27: The Federal Securities Act establishes rules and regulations for the stock market.
    December 5: Prohibition is repealed by the 21st Amendment.

  • 1934

    1934
    February: Huey Long, Governor of Louisiana, establishes the "Share Our Wealth" movement.
    June 6: The SEC is established to regulate the stock market.
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    June 7: The Corporate Bankruptcy Act becomes law.
    Jun 28: The Federal Housing Administration is established by the passing of the National Housing Act.

  • 1935

    1935
    April 8: The Works Progress Administration is established. It will employ 8 million workers over the next several years building things like roads, bridges, and airports.
    April 14: A huge dust storm envelops much of the Midwest. This day is called "Black Sunday."
    August 14: The Social Security Act is signed into law.

  • 1936

    1936
    Unemployment Falls to 16.9 percent.

  • 1937

    1937
    January 20: Franklin D. Roosevelt is inaugurated to his second term as president.
    May 24: The Supreme Court rules that the Social Security Act is constitutional.

  • 1938

    1938
    Unemployment Rises to 19 percent.

  • 1939

    1939
    April 14: The Grapes of Wrath by John Steinbeck is published. It tells the story of the hardships of a migrant farming family during the Great Depression.
    September 1: World War II begins when Germany invades Poland. The depression ends over the next several years as the U.S. builds up its armed forces.