-
Period: to
The Great Depression
-
Stock Market Crash of 1929
The stock market crashed in October and November of 1929 in New York. Many people who had invested in stocks lost their money. -
Dust Bowl
Between 1930 and 1941, there was a a drought in the Great Plains. Since farmers had not planted crops native to the soil, they made the soil very vulnerable. When there was a wind storm, there was so much dust in the air, it seemed like night. Those who left the Great Plains in search for a better life were known as "Okies". -
Smoot-Hawley Tariff
President Herbert Hoover and other Republicans enacted this tariff on imported to encourage American manufacturing, but it ended up triggering regulatory tariffs in other countries. The tariff hindered global trade and hurt global economy. -
Bank Failures
In late 1930, many banks closed beause of overextended credit and reckless management. Many people lost all their money when the banks closed and were never able to get it back. -
The Bonus Army March
In the summer of 1932, many unemployed WWI veterans marched to the Capitol to demand payment of pensions that weren't due to be payed until 1945. Hoover turned them down and drove the army against them. This was a major plunge in President Hoover's popularity. -
FDR's Fireside Chats
After he was elected president, FDR used the radio to broadcast "fireside chats" that all of America could listen to to help inspire hope during the Great Depression. -
The New Deal/The Hundred Days
After he was elected, President Franklin Roosevelt tried to combat the Great Depression through the New Deal. A legislation called the "Hundred Days" was the beginning of the New Deal. FDR's New Deal attempted to combat bank failures, agricultural overproduction, unemployment, financial problems, and rights in industry. -
21st Amendment
The United States government was desperate for a source of money during the Depression. During Prohibition, there were many illegal alcohol establishmens called speakeasies and mob bosses such as Al Capone were making money off of the illegal alcohol sales. Then, for the first time in history, the U.S. government repealed an amendment. The 21st Amendment repealed Prohibition. -
"Roosevelt Recession"
From 1937-1938, FDR and Congress had to make budgets reduction, which caused unemployment to go up again for a time. It became known as the "Roosevelt Recession". -
Period: to
WWII
WWII began in 1937 and ended in 1945. It helped get America out of the Great Depression. It boosted the economy by increasing the amount of jobs as well as increasing exports of weapons. It encouraged every single American to join the war effot.
