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Black Tuesday
THe Stock Market Crash was the ebginning of a long downhill slump for the U.S. economy. Many mark this date as the beginning of the Great Depression. -
Smoot-Hawley Tariff
The Smooth-Hawley Tariff helped raises import duties so American manufacturers would be protected from foriegn competition. This didnt have much effect on the AMeriacan economy, however it did put Europe more into a crisis. -
The Dust Bowl
Severe droguhts ravanged farmers' lands and turned everything into dust fields. This contributed to the Great Depression becuase it weakened the argicultural aspect of the economy, furthering the downfall of it overall. -
Riots over Food
Durign the Great Depression, there were many shortages of food. Naturally people became upset and rioted. During this time a hatred towards Mexican workers grew inside Americans because it was said that they were stealing American jobs from the people. This is important becuase it shows jsut how bad thigns were getting and rioting showed the government jsut how badly people were hurting. -
Bank Collapse
A major Bank in New York Collapsed: $200 million in deposits disappear, and the bank's customers are left holding the bag. This was very important to the Great Depression because it was a major factor that cause many people to lose tons of money therby severly hurting the economy. -
Roosevelt takes office
Franklin Roosevelt defeates former president Hoover and becomes president. This is important becuase Roosevelt was a key player in helping America out of the economic slump. -
Extremly High Unemployment
During 1933, unemployment was at its highest during the Great Depression at 24.9%. This is important becuase it was an indicator of just how bad the problem was. -
Congress passes relief act
The Emergency Relief Appropriation Act creating the Works Progress Administration (WPA) and providing almost $5 billion for work relief for the unemployed for such projects as construction of airports, schools, hospitals, roads, and public buildings.This is important becuase it shows a turning point in the Great Depression -
Roosevelt boosts the economy
FDR asked and recieved another 3.75 billion dollars to stimualte the unhealthy economy. This is important because this helps the United States get back on track. -
The end fo the Great Depression
The suffering American economy was given a boost when the fighting countries needed supplies and looked to America to make them. The U.S. enlisted more than 10 million men and women into the military. Since so many were fighting in the war, it was left for those at home to work in the factories to make supplies for the war effort. This is very important because it marks the end of the economical crisis.