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Election of President Hoover
President Hoover was elected in 1928 and became a president in 1929 to 1933. He believed the government should be small and people should help themselves. -
Stock Market Crash
Stock values began dripping, first slowly then all at once in October 1929, on a day called "Black Tuesday. They were affected because lost all the money and can not invest again. -
Bank Runs
On 1920s banks closed because all the money in stocks and people wanted them to give their money back but banks don't have any money. Then the banks needed to close and run. -
FDR is Elected President
He was elected because he had many programs from where people could get help. Those programs were FDIC, SS, FLSA, TVA and others. -
First 100 Days Legislation
It's not a perfect measure, but it's a useful one. The 100-day standard for gauging presidential effectiveness. He was faced with the calamity of the Depression. The circumstances that Roosevelt faced were unique. Banks were shutting down. Depositors were losing their life's savings. Businesses were running out of enough cash to keep going. -
FDIC Passed
It was invented to deposit insurance and protect people money because the banks were closed and crashed because lost all the money in Stocks and were not good for trust. -
Social Security Act
It was a program from the president to can help people. Pay money and get money back for help when you need it. With Social Security old people that could not work can get help and desabilities people too. -
America Enters World War 2
When the WW2 started the Great Depression end.
