171215 great depression b

Great Depression Timeline

  • Herbert Hoover is inaugurated

    Herbert Hoover is inaugurated
    Hoover is inaugurated as the 31st president. Unfortunately, he will be blamed for much of the Great Depression.
  • Black Tuesday

    Black Tuesday
    The stock market completely collapsed. 16.4 million shares were dumped that day. Many people went into debt, fueling the depression.
  • Bank of Tennessee Fails

    Bank of Tennessee Fails
    The bank refusing to give money to an individual caused a panic, and the bank got rushed. This triggered series of bank rushes across the country that caused 1,300 banks to shut down by the end of the year.
  • Empire State Building construction finished

    Empire State Building construction finished
    This was another major works project that Hoover approved. To this day, it is one of the most famous buildings in New York.
  • Roosevelt is elected

    Roosevelt is elected
    As the 32nd President of the United States, Roosevelt tried his best to help the economy in a lot of different ways.
  • "Bank Holiday"

    "Bank Holiday"
    Roosevelt shut down banks nationally for a few days in order to inspect the funds. He wanted to know how much money there was to work with.
  • FDIC is created

    FDIC is created
    Roosevelt founded the Federal Deposit Insurance Corporation in an attempt to provide stability to the economy.
  • 21 Amendment is passed

    21 Amendment is passed
    Prohibition is no longer in effect. People can now legally purchase and consume alcohol.
  • Black Sunday

    Black Sunday
    Because of the Dust Bowl, a huge dust storm develops over the Midwest. Life was very difficult for the farmers during the time period.
  • FDR begins Second Term

    FDR begins Second Term
    Roosevelt is inaugurated for his second term of presidency. He continues to implement changes in an attempt to help the depression.
  • Social Security Act declared constitutional

    Social Security Act declared constitutional
    Roosevelt was able to pass this act, which was created in attempt to protect those who could not do physical labor. It was much different in 1935 than it is today.
  • World War II begins

    World War II begins
    Germany invades Poland, starting WWII. The war was able to finally bring the United States out of the depression.