the great depression

Herbert Hoover is elected president.

1929

Stock market begins to diminish, eventually crashes. This day marks black Tuesday.

Banks begin to fail.

1930

Smoot-Hawley Tariff Act is passed. Economists say this was the start of the great depression.

Great Depression deepens

1931

While the Empire State building is completed, food riots begin to break out.

Unemployment rises and more banks fail.

1932

Unemployment rises to 23.6%. Veterans march on Washington to demand pay and are removed by Army force.

Franklin D. Roosevelt is elected president.

1932

Will help improve economy during Great Depression.

New Deal

1933

"First One Hundred Days" begins along 15 new laws to assist Great Depression. Banks are also given a holiday

Federal Emergency Relief Act signed in.

1933

This act distributed $3.1 billion, and gave over 20 million people new jobs.

Agricultural Adjustment Act is signed in.

1933

Part of Roosevelts new deal. This offered subsidies to farmers for limiting production of crops.

Second New Deal Begins

1935

Works Progress Administration is established. It employs 8 million people to build roads, bridges and airports.

Unemployment falls to 16.9%

1936

due to the first and second new deal, employment rates have risen.

FDR

1937

Franklin D. Roosevelt is inaugurated to his second term as president and the court rules Social Security Act

World War II, Great Depression Ends.

1939

World War II begins when Germany invades Poland. The depression ends over next several years as the U.S. builds up armed forces.