-
Hoover became president
-
Great Depression
Stock Market Crash -
Legalized gambling
To bring Nevada out of the Great Depression gambling was legalized. -
Farm prices drop
farm prices are about 65 percent of what they were about 20 years earlier -
Tax Raised
-
Average American income drops
Drops 40% -
FDR Inauguration
-
Social Security
Enacted in the U.S. -
Wage increase
Minimum wages start at 25 cents an hour and increase to 40 cents per hour within six years -
Pearl Harbor/Beginning of WW2
-
Credit Card
First modern credit card introduced -
Gross national product more than doubled
from $200 billion to $500 billion