The Great Depression

Herbert Hoover becomes President

Mar 4, 1929

Herbert Hoover held office for less than eight months when the stock market crashed and the United States faced the Great Depression.

The Stock Market Crash

Oct 24, 1929

This event occured over a period of about five days starting on October 24, 1929, otherwise known as Black Thursday.

New York Bank of the United States collapsed

Dec 11, 1931

At the time of the collapse, the bank had over $200 million in deposits.

Franklin D. Roosevelt become President

Mar 4, 1933

Roosevelt takes over presidency becoming the thirty second president of the United States.

Bank Holiday

Mar 6, 1933

President Roosevelt announces a four day Bank Holiday to begin. During that time, he promises, Congress will work on coming up with the plan to save the failing bank industry.

Glass-Steagall Act

Jun 1, 1933

Congress passed the GSA to seperate comerical from investment banking.

Federal Agricultural Program

Sep 1, 1933

In effort to stabilize prices, the Federal Agricultural Program ordered the slatter of more than six million pigs.

Cival Works Administration

Oct 1, 1933

The Cival Works Administration is established.

The Dust Bowl starts

Nov 11, 1933

Crops started dying is the South.

Social Security Act of 1935

Aug 14, 1935

Franklin D. Roosevelt signed into law The Social Security Act of 1935. Now Social Security will be financed through a payroll tax.