Great Depression Timeline (1933-1941)

  • 1933

    1933
    Roosevelt was inaugurated; 'First 100 Days' begin; of a very intensive legislative activity.
  • 1934

    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

    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.