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The Stock Market Crashes
The stock market crahsed due to investors selling all their stocks because of unusualy high prices. -
Unenmployment rises
3.2 million Americans are unemployed. Only 1.5 million Americans were unemployed before the stock marked crashed. -
Food Riots begin and Foreign workers are resented
Mobs of people begin to break into markets and steal food. Americans resent workers from other countries and many Mexicans are deported. -
Bank of the United States Collapses
New York's Bank of the United States collapses. At the time of the collapse, the bank had over $200 million in deposits, making it the largest single bank failure in the nation's history. -
FDR is elected
Franklin Deleanor Roosevelt is elected President. -
Period: to
Drought Plagues the Southwest
The Southwest is plagued by a severe drought known as the dust bowl. -
The New Deal
The new deal signed by FDR begins a slow recovery of the economy.