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Election of President Hoover
Hoover was a president that trust in himself, he trought that he could do everything and the country was great, he didn't believe in that the people can work because he thought that the government only could give to people whatever they want. -
Stock Market Crash
The stock market unshered in the Great Depression. From 1920 to 1929 there was a lot of investors, that bought a lot of products, and the factories and machines are often obliged do more products and lost more money. In 1929 was when the stocks market got down quickly because many investors became convinced that the stocks were a sure things and borrowed heavily to invest more money in the market. The people began to feel poor, because the products could not be financed through the sale of stock -
Bank Runs
The Bank runs was a process that began in 1930s, and happened because, as the stocks market got down, the people wanted borrow money to the bank for buy and pay the products that the factories did. The bank runs and the people left to trust in bank's security and didn't want save their money there. -
FDR is Elected President
The Great Depression end in 1933 when FDR was elected president, because his ideals for new government was great, the people liked. He thought create "New Deal" was a programs for finish the Great Depression. For that reason, his presidency was called the First Hundred Days, because Roosevelt's suggested laws was accepted for the people so quickly. In his Presidency the unemployment got down. -
First 100 Days Legislation
Was called The First 100 Days Legislation a days which President Roosevelt did his best work, and all programs that he did, was known for the people and they accepted it. -
Federal Deposit Insurance Corporation
The Great Depression caused the bank runs, and that, caused the people lost the confidence in the banks, can't save the money. To add, that program would garantee an individual bank deposits up to a certain maximum. -
Social Security Act
President Roosevelt, thought about everything for change the government. He Created Social Security Act for help the old people, and give them money for help in all they need. -
America Enters World War II
In 1941, the great depression ended, and the WWII started. America entered WWII when Japan attacked the United States navy at Pearl Harbor, Hawaii. Japan wanted take out all of countries with petroil, this caused that United States the next day declared the war to Japan and Germany.
