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Supreme Court strikes down federal child labor legislation.
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President Warren Harding dies in office;
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KKK
The Ku Klux Klan reaches the height of its influence in America: -
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top tax rate is lowered
top tax rate is lowered to 25 percent - the lowest top rate in the eight decades since World War I. -
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Herbert Hoover becomes President
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Recession begins
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Stock market crash
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Black Tuesday
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Smoot-Hawley Tariff passes
the 40 percent tariffs work out to an effective tax of only 2.4 percent per citizen -
Period: to
Worst years for the Depression
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Period: to
10,000 banks have failed since 1929
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Period: to
Roosevelt inaugurated
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Period: to
Sweden becomes the first nation to recover fully from the Great Depression.
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Period: to
Congress passes the Banking Act of 1935
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Period: to
Congress passes the Agricultural Adjustment Act of 1938
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Period: to
Depression Ends