Great

The Great Depression

By kabrinaharris

  • Black Tuesday

    Black Tuesday
    Stock market crashed

  • Drought

    Drought
    Severe drought and Dust Bowl conditions began to ruin farmers’ land.

  • food riots

    Food riots broke out, workers marched on Detroit, and “foreign workers” were deported

  • congress lend money

    congress lend money
    Congress established the Reconstruction Finance Corporation to lend $2 billion to banks, insurance companies, building and loan associations, and farming organizations

  • lowest point

    Stocks reached their lowest point

  • banks close

    More than 11,000 of the nation’s 25,000 banks had closed

  • new president

    new president
    Franklin D. Roosevelt took office

  • highest unemployment

    highest unemployment
    Unemployment reached its highest level, at 25%

  • NRA

    The National Recovery Administration (NRA) was introduced

  • FDIC

    The Federal Deposit Insurance Corporation (FDIC) was established to insure bank deposits

  • CWA

    The Civil Works Administration (CWA) was established to employ up to 4 million people on public works projects

  • WPA

    WPA
    The Work Projects Administration (WPA) was formed to employ up to 8.5 million people on public works projects across the country

  • SOCIAL SECUITY ACT

    SOCIAL SECUITY ACT
    The Social Security Act was signed into law, financed through payroll taxes.

  • SECOND TERM

    SECOND TERM
    FDR was elected to a second term as president

  • THIRD TERM

    THIRD TERM
    FDR was elected to a third term as president

  • END OF GREAT DEPRESSION

    END OF GREAT DEPRESSION
    Preparations for World War II stimulated the American economy and effectively brought an end to the Great Depression