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Stock market crashed, Black Tuesday
Stock market crashed, Black Tuesday -
Period: to
The Great Depression
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A lot of droughts and Dust Bowls had began to ruin farmers
A lot of droughts and Dust Bowls had began to ruin farmers -
Food riots broke out
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Congress established the RFC to lend $2 billion to banks
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Franklin D. Roosevelt beat Herbert Hoover in a landslide
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Stocks reached their lowest point
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The National Recovery Administration (NRA) was introduced
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The Federal Deposit Insurance Corporation (FDIC) was established
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The Civil Works Administration (CWA) was established
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Unemployment reached its highest level, at 25%
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More than 11,000 banks closed
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Roosevelt announced a three-day “bank holiday”
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The Civilian Conservation Corp (CCC) was established
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Franklin D. Roosevelt took office
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The Work Projects Administration (WPA) was formed
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The Social Security Act was signed into law,
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FDR was elected to a second term as president
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FDR asked Congress for an additional $3.75 billion
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FDR was elected to a third term as president
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Preparations for World War II begun