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Wall Street Crash
The American Stock Market collapses starting in September and ending in late October. -
Smoot-Hawley Tariff
A law that implemented protectionist trade policies in the United States. This tariff affects Europe more than the United States. -
Major Bank Collapse
New York’s Bank of the United States collapses. $200 million in deposits disappears in the largest bank failure in American History. -
Roosevelt Elected
Franklin D. Roosevelt beats Herbert Hoover to win the President of the United States. -
Townsend Proposes Pension Plan
Dr. Francis Townsend sends a letter to the Long Beach Press-Telegraph proposing state funded pensions for the elderly to boost consumption and employment. -
Roosevelt Inauguration
Franklin D. Roosevelt gets inaugurated as the 32nd President of the United States. -
Townsend Plan Incorporated
Dr. Francis Townsend formally incorporates Old Age revolving pensions. -
Townsend Support Grows
More than 5,000 Townsend Clubs nationwide together to represent more than 2 million members. -
Huey Long Support Grows
Huey Long’s Share Our Wealth society has expanded to 27,000 club nationwide, with a mailing list of 7.5 million Americans. -
Huey Long Assassinated
Huey Long is assassinated inside the Louisiana Capitol Building. -
Roosevelt Re-Elected
Franklin D. Roosevelt is re-elected as President of the United States. He won in every state but Maine and Vermont -
Mobilization Lifts Economy
The Japanese attack on Pearl Harbor draws United States into World War II. Mobilization for war finally lifts the American economy permanently out of
the Great Depression.
