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Hoover Becomes President
Herbert Hoover in inaugurated as 31st President of United States -
Wall Street Crash
American Stock Market crashes -
Smoot-Hawley Tariff
Steeply raises import duties -
Department of Veteran Affairs
Hoover created Department of Veterans Affairs -
Major Bank Collapses
New York's Bank of the United States collapses. -
Revenue Act of 1932
Hoover signs the Revenue Act of 1932 in hopes to restore confidence. -
Roosevelt Elected
Democrat Franklin D. Roosevelt defeats Republican president Herbert Hoover by a landslide. -
Roosevelt Inauguration
Roosevelt inaugurated into office as 32nd President of the United States -
The New Deal
Roosevelt launched the New Deal with the Emergency Banking Act which closed all US banks to stop failures -
Civilian Conservation Corps
Hired 3 million workers to maintain public lands -
Emergency Relief Appropriation
Created Works Progress Administration to hire 8.5 million people. -
Roosevelt Reelected
Roosevelt wins second term as president over Republican cantidate Alf Landon