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The Recession begins
Two Months before the crash, production falls 20%. -
Period: to
The Great Depression
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Black tuesday
U.S. Stock market collapse. -
Stock market reaches low for the year
stock market prices reach low for the year, with New York Times index of industrial stocks at 224. -
Smoot-Hawley Tariff Act passed.
The act raised U.S. tariffs on over 20,000 imported goods to record levels. -
New York Federal Reserve Bank's discount rate raised
New York Federal Reserve Bank's discount rate raised from 1.5 percent to 2.5 percent. -
New york bank of the united states collapses
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Franklin D. roosevelt Elected president
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Roosevelt Inauguration
Roosevelt Becomes 32 president. -
FDR issues an executive decree
changing the price of gold from $20.67 an ounce to $35 an ounce. -
Revenue Act (Wealth Tax Act ) passed
Increased the surtax rate on individual incomes over $50,000, the estate tax on individual estates over $40,000 and graduated steeply taxes on individual incomes over $1 million until the rate was 75% in excess of $5 million. -
Adjusted Compensation Act passes
The Act provides for the immediate payment of veterans' bonuses. -
FDR defeats Alfred M. Landon
FDR defeats Alfred M. Landon, Governor of Kansas, to win second term as President (electoral count 523 to 8) -
FDR second inaugural address
I see one-third of a nation ill-housed, ill-clad, ill-nourished." -
President Roosevelt establishes the March of Dimes.
March of Dimes was established to help fight polio. -
Albert Einstein signed a letter to President Franklin Roosevelt
Albert Einstein signed a letter to President Franklin Roosevelt urging creation of an atomic weapons research program. -
Selective Training and Service Act passed
Selective Training and Service Act passed, requiring men between the ages of 21 and 35 to register for military training. -
FDR defeats Wendell Willkie
FDR defeats Wendell Willkie (449 to 82 Electoral College vote totals) to win third term as President. -
President Roosevelt delivers his State of the Union address
President Roosevelt delivers his State of the Union address, saying "we look forward to a world founded upon four essential human freedoms." -
Japanese attack Pearl Harbor
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U.S. declares war on Japan
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Germany and Italy declare war on U.S
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End of the great depression! also the begining of world war 2.
