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1933
Roosevelt was inaugurated; 'First 100 Days' begin; of a very intensive legislative activity. -
1934
A long road to recovery begins. The economy turns around finally: GNP rises 7.7 percent, and unemployment falls to 21.7 percent. -
1935
The Supreme Court declares the National Recovery Administration to be unconstitutional. -
1936
Top tax rate raised to 79 percent. -
1937
The National Labor Relations Board to be unconstitutional declares the Supreme Court. -
1938
Due to Roosevelt's weakened political power, no major New Deal legislation is passed after this date. -
1938
The GNP falls 4.5 percent, and unemployment rises to 19.0 percent, the year-long recession makes itself felt. -
1939
World War II started with Hitler's invasion of Poland.