The Great Depression

By Vernon Beard

  • Presiden Hoover is elected as President

    Presiden Hoover is elected as President
    Hoover was elected president on Nov. 6 1928. He beat out Al Smith 444 votes to 87.
  • Period: to

    Great Depression

  • Agricultural Marketing Act

    Agricultural Marketing Act
    The act was passed by congress to help farmers. It was supposed to bail out the farmers and make a resonable price for crops.

  • Dust Bowl

    Dust Bowl
    The dust bowl was a long stom of dirt and dust that covered the whole midwest. It killed plants and livestock and made cut the price of the crops that did live drastically.

  • Taxes

    Taxes
    Due to the lack of money in the government they raise the taxes. The taxe rate went from 25 to 65 %.

  • FDR Elected President

    FDR Elected President
    Hoover lost the faith of the citizens and Roosevelt eaisly won. Democrats gain control of Congress

  • Unemployment Low

    Unemployment Low
    The GPN falls another 2.1 percent. The unemployment rate rises to 24.9 %

  • Keynesian deficit spending

    Keynesian deficit spending
    Roosevelt started to take money from the rich and give it to the poor. And wants to keep a balanced budget. Also he rejects the Keynesian deficit spending idea.

  • Banking Panic

    Banking Panic
    A third banking panic happens in March, and FDR declares a Bank Holiday. He closes a finantial institutions to stop a bank run.

  • World War II

    World War II
    Hitler invades Poland. Japan and zitaly join with Germany. U.S. goins in following years.