-
world war 1 ends
Germany started to crumble and were defeated -
stock market skyrockets
More goods and products were produced. -
the construction boom
Home prices went up when more houses were built -
farmers share income
made a lot of profit when goods were sold. -
u.s stock prices fall
prices went down on everything. -
stock market
billions lost in the stock market crash. -
Period: to
The Great Depression
-
First Bank Panic
when the banks ran out of money people panicked. -
Smoot Hawley Tariff
Tariffs are raised. -
2nd bank panic
more than 600 banks fail a year. -
reconstruction finance
created by Herbert Hoover. -
100,000 banks have failed
banks failed every year, about 600 a year. -
re-election of roosevelt
The re-election of Roosevelt on Nov. 8,1932 -
the new deal begins
taxes were raised. -
unemployment hits 25
people are unable to recover.